Exciting News! Distribution of 15 Lakh Loans Under the Apni Chhat Apna Ghar Scheme Starting September 15
Great news for those who have applied for the Apni Chhat Apna Ghar scheme! Chief Minister Punjab, Maryam Nawaz Sharif, will commence the disbursement of Rs 15 lakh loans starting from September 15, 2024, exclusively for Punjab province residents without homes of their own.
The Apni Chhat Apna Ghar Scheme: 15 Lakh Loan Distribution
In her recent declaration, Chief Minister Punjab Maryam Nawaz Sharif pledged to provide 15 lakh loans to 70 thousand families in Punjab to facilitate house construction through the Apni Chhat Apna Ghar scheme. Let’s delve into the details of this exciting initiative.
Are you eager to know more after applying for the Apni Chhat Apna Ghar scheme? Find out if you’re among the recipients of this substantial government assistance by checking the balloting results as per your district.
Interest Rates and Repayment Information
Beneficiaries under the patronage of Chief Minister Maryam Nawaz Sharif will receive a 15 lakh rupees interest-free loan for home construction, devoid of any tax burden. Be aware that any request for tax payments or interest related to the Apni Chhat Apna Ghar scheme is a scam. It’s crucial to promptly report such fraudulent activities to the appropriate authorities.
The Punjab Government’s loan of 15 lakhs can be repaid in manageable monthly installments over 7 years, with each installment amounting to around 14,000 rupees. Additionally, the first 3 months’ installments are waived to ease the financial load on beneficiaries during the initial phase.
Loan Distribution Process
Once your name is listed in the Apni Chhat Apna Ghar scheme for the loan, the Punjab Government will conduct a thorough survey through the Punjab Housing and Town Planning Agency (PHATA). The agency will evaluate your plot, prepare a report, and forward it to the government for loan processing.
Upon approval based on the survey report, the initial installment of 15 lakh rupees will be disbursed to the bank account provided by you starting September 15, 2024.
Final Thoughts
The Apni Chhat Apna Ghar scheme spearheaded by Chief Minister Maryam Nawaz aims to empower individuals without homes by offering financial aid. With the onset of dispersing 15 lakh rupees loans from September 15, 2024, approximately 70,000 families in Punjab are set to benefit from this initiative.
It’s heartening to note that this interest-free loan can be conveniently repaid in monthly installments over 7 years, with the added relief of the initial three months’ installments being waived. If you’ve applied for this scheme, verify your status and prepare for the forthcoming housing survey – a remarkable opportunity for many families to realize their dream of homeownership without the burden of high interest rates.
Frequently Asked Questions
- When will the Apni Chhat Apna Ghar loan distribution start?
The distribution of the Rs. 15 lakh loan under the Apni Chhat Apna Ghar scheme will commence from 15th September 2024. - Who is eligible for the loan?
This loan is exclusively for Punjab residents without existing homes who have successfully applied and been selected through the balloting process. - How can I check if I’ve been selected for the loan?
You can verify your selection by checking the balloting result organized by district. - How will the loan be repaid?
The loan can be repaid in monthly installments of around Rs. 14,000 over 7 years, with the initial three months’ installments waived. - How will the loan be distributed?
After your selection, a survey by the Punjab Housing and Town Planning Agency will precede the transfer of the initial Rs. 15 lakh installment to your specified bank account. - How soon will I receive the loan post-survey?
Following the PHATA survey, the loan amount will begin transferring to your bank account starting September 15, 2024.
