15 Lakh Loan Scheme
Good news for those people who applied in the first phase of the 15 lakh loan scheme but whose names did not appear in the balloting results, the Punjab government has allowed such people to apply again in the second phase of the 15 lakh loan scheme. Chief Minister Punjab Maryam Nawaz says that this program is being provided to the people of Punjab so that every citizen of Punjab has his own house.
Having a private home is a great blessing and one of the basic needs of a human being, so it is the responsibility of the Punjab government to ensure that every citizen has their own private home. The registration process of phase one of the 15 lakh loan scheme has been completed and the citizens of Punjab have been provided with their own houses through balloting according to the district-wise quota.
In this article, we will inform you about the registration procedure for those disqualified in phase one of the 15 lakh loan scheme so stay connected with the article and read the article completely.
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New Eligibility Criteria Allocate by the Government of Punjab
Punjab Chief Minister Maryam Nawaz announced the new criteria for phase two. Chief Minister Punjab Maryam Nawaz has strictly announced that only the deserving people will be given a loan of 15 lakh rupees. A 15 lakh loan scheme can be provided to those who do not already own a house and do not have the capital to build a house. If you meet the following criteria, you will also be provided with a loan of Rs 15 lakh by the Punjab government, which you can use to build your own house.
Eligible criteria are mentioned below:
- You must be a permanent resident of the province of Punjab.
- You must be over 18 years of age.
- You must be married.
- You must not already own your home.
- You can have 5 marla urban or 10 marla rural land.
- You have completed the PSER survey.
Note:
Remember that a PMT score is no longer necessary to apply for the Apna Chhat Apna Ghar scheme as per the Punjab Government’s new update, so whatever your PMT score is, it has no bearing on your application.
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Required Documents for Apply
When you register in the 15 lakh loan scheme provided by the Punjab government, some documents are asked from you. The purpose of asking for these documents is to verify your personality and decide whether to provide you with an interest-free loan of Rs 15 lakh to build your own house or not. These documents play a very important role in completing your application and the acceptance of your application all depends on these documents.
These documents are explained below:
- Front side photograph of your National Identity Card approved by the Government of Pakistan
- Back side photograph of your Government of Pakistan approved National Identity Card
- Proof of your monthly income
- Proof of your property
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Step-by-Step Registration Guide for Previously Ineligible People
If you also applied in the first phase of the 15 lakh loan scheme, but your name did not appear in the blotting results, then there is no need to worry. For your convenience, the Punjab government has provided you with the opportunity to register in phase two of the 15 lakh loan scheme. The registration procedure is the same as the phase one method which you can easily do at your home.
The registration procedure is explained below:
- To register first make sure that your PSER survey is completed.
- Visit the official website of ACAG (https://acag.punjab.gov.pk/) in your system.
- If you are a new user, create your account using your CNIC number, phone number, address, passport, and email address.
- After creating the account, log in to the account using your CNIC number and password.
- You will have some terms and conditions. Express agreement with these terms and conditions.
- After that provide your personal information like CNIC number, phone number, address, name, father’s name, and father’s CNIC number.
- Enter your account information such as account holder name, account type, account number, etc.
- Upload a picture of your life.
- Upload your documents such as CNIC and property documents.
- Finally, enter your feedback and submit your application.
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Cause of 15 Lakh Loan Scheme Disqualification
If you have registered in the 15 lakh loan scheme provided by the Punjab government but your application has been rejected, there may be many reasons. If you avoid the reasons mentioned below, you can successfully get a loan of 15 lakh rupees from the Punjab government. These reasons are given below:
- Not rechecking your information after providing it.
- Not providing your original documents.
- Do not upload your clear and clean pictures.
- Providing false information about yourself.
- Skip any of the required information.
- Process your registration after the scheduled registration date.
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Frequently Ask Questions (FAQs)
Can I get my registration done in phase two also?
Yes, If your phase one application has been rejected, you can register for phase two.
What documents do I need to register for phase two of the ACAG Scheme?
You must have CNIC and proof of your property to register for phase two of ACAG.
My name has appeared in the blotting result of phase one, now when will I be provided the amount of Rs 15 lakh?
If your name appears in the balloting result of phase one, then you will be provided an amount of Rs 15 lakh provided by the Punjab government on 15 September 2024.
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Key Points of the 15 Lakh Loan Scheme
If you had applied in the first phase of the ACAG scheme provided by the Punjab government, but your application was not accepted, then the Punjab government has given you the option to register in phase two. This registration can be completed at home through the official website of ACAG (https://acag.punjab.gov.pk/). For this, you have to upload pictures of your documents along with your personal information.
If you want to complete your application successfully, you need to ensure that you have not provided any wrong information. Submit your application after providing the correct information. The process of blotting result of phase two will be started on the date fixed by the Punjab government. If your luck favors you, you will be provided with an interest-free loan of Rs 15 lakh on a fixed date from the government of Punjab which you can use to build your own house.
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