Apni Chhat Apna Ghar Scheme 15 Lakh Loan Distribution Start
Those who had applied for the Apni Chhat Apna Ghar scheme will start receiving Rs 15 lakh loan from Chief Minister Punjab Maryam Nawaz Sharif from September 15, 2024. It should be remembered that this money is being provided only to those people who belong to the Punjab province and do not have their own houses to live in. If you also applied for the Apni Chhat Apna Ghar scheme, then find your name according to your district in the balloting result to get an amount of 15 lakhs from the Government of Punjab.
Chief Minister Punjab Maryam Nawaz announced in her recent meeting that she will provide a loan of 15 lakhs to 70 thousand families in Punjab for the construction of personal houses under the Apni Chhat Apna Ghar scheme. In this article, we will provide you with all the information about the distribution of Maryam Nawaz’s 15 lakh loan scheme, so read the article completely.
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Interest Rates and Repayment Details
On behalf of Chief Minister Punjab Maryam Nawaz, a loan of 15 lakh rupees will be given an interest-free loan for the construction of a house and no tax or interest will be charged on it. If someone calls you to pay the tax rate or interest of the Apni Chhat Apna Ghar scheme, it will be fake and it is your responsibility to inform ACAG immediately so that ACAG can take legal action against it.
Under this scheme, Punjab Government will provide you with a loan of Rs 15 Lakhs. You can repay this loan to the Punjab government in easy installments of 7 years. The monthly installment of this program will be around 14,000 rupees which means you will have to pay 14,000 rupees to the Punjab government every month for 7 years.
Moreover, the Punjab Government has waived off your first 3 months’ installments for your convenience so that you don’t face any financial problems in building your home.
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How Will the Loan Be Given to You?
If your name appears in the loan of Apni Chhat Apna Ghar Scheme, the information provided by you will be surveyed by the Punjab Government. The survey will be completed by the Punjab Housing and Town Planning Agency (PHATA).
This agency will visit your plot, measure it, and after that make a report and send it to the Punjab government. Based on your report, you will be provided with a loan of 15 lakh rupees from the Punjab government. The first installment of 15 lakh rupees provided by the Government of Punjab will be transferred on 15 September 2024 to the bank provided by you.
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Conclusion
The Apni Chhat Apna Ghar scheme is a good scheme by Chief Minister Punjab Maryam Nawaz, aimed at providing financial assistance to those who don’t own a home. With loans of Rs. 15 lakhs being distributed from 15th September 2024, this scheme will help 70,000 families in Punjab build their own houses.
The loan is interest-free, and beneficiaries can repay it in easy monthly installments over 7 years, with the first three months waived. If you applied for this scheme, make sure to check if your name is on the list and prepare for the housing survey. This is a huge opportunity for many families to achieve their dream of owning a home without the burden of high interest rates.
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FAQs
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 begin from 15th September 2024.
Who is eligible for the loan?
The loan is only for residents of Punjab who do not already own a home. Eligible applicants must also have applied for the scheme and been selected through the balloting process.
How can I check if I’ve been selected for the loan?
You can check if you’ve been selected by looking up your name in the balloting result, which is organized by district.
How will the loan be repaid?
The loan will be repaid in monthly installments of around Rs. 14,000 over a period of 7 years. The first three months of installments are waived for your convenience.
How will the loan be distributed?
Once your name appears on the list, a survey will be conducted by the Punjab Housing and Town Planning Agency (PHATA). After the survey is completed, the first installment of Rs. 15 lakh will be transferred to the bank account you provided.
How soon will I get the loan after the survey?
Once the survey by PHATA is complete, the loan amount will be transferred to your bank account starting from 15th September 2024.
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