New Registration Opportunity for Previously Ineligible Applicants of Rs. 15 Lakh Loan Scheme
Exciting Update: Apply Again for the Rs. 15 Lakh Loan Scheme
New Registration Opportunity Good news for those who applied in the first phase of the Rs. 15 lakh loan scheme but did not get selected in the balloting. The Punjab government is now allowing such applicants to reapply in the second phase. Chief Minister Punjab Maryam Nawaz stated that this scheme is being offered to ensure that every citizen in Punjab has a home of their own.
Owning a home is a great blessing and one of the basic needs of every person. The Punjab government is committed to making sure that every citizen can have their own private home. The registration process for phase one of the Rs. 15 lakh loan scheme has been completed, and homes have been allocated to the citizens of Punjab through balloting based on district quotas.
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In this article, we will guide you on how those who were disqualified in the first phase can register for the second phase of the Rs. 15 lakh loan scheme. Stay with us and read the article thoroughly for all the details.
New Eligibility Criteria for Rs. 15 Lakh Loan Announced by Punjab Government
Punjab Chief Minister Maryam Nawaz has announced the new eligibility criteria for the second phase of the Rs. 15 lakh loan scheme. She emphasized that the loan will only be given to deserving individuals who do not own a home and lack the resources to build one. If you meet the following criteria, you can qualify for a Rs. 15 lakh loan from the Punjab government to build your own house.
Eligibility Criteria:
- You must be a permanent resident of Punjab.
- You must be at least 18 years old.
- You must be married.
- You must not already own a home.
- You can have up to 5 marla of urban land or 10 marla of rural land.
- You have completed the PSER survey.
Important Note:
New Registration Opportunity The Punjab government has removed the requirement for a PMT score for the Apna Chhat Apna Ghar scheme. Your PMT score will not affect your application under the new criteria.
Essential Documents Needed to Apply for the Rs. 15 Lakh Loan Scheme
When registering for the Rs. 15 lakh loan scheme offered by the Punjab government, you will need to provide certain documents. These documents are required to verify your identity and determine your eligibility for the interest-free loan to build your own house. They are crucial for the completion and approval of your application.
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Required Documents:
- Front side photo of your National Identity Card (NIC) approved by the Government of Pakistan
- Back side photo of your National Identity Card (NIC) approved by the Government of Pakistan
- Proof of your monthly income
- Proof of property ownership
Make sure you have all these documents ready when you apply, as they are key to ensuring your application is complete and can be processed smoothly.
Essential Documents Needed to Apply for the Rs. 15 Lakh Loan Scheme
When registering for the Rs. 15 lakh loan scheme offered by the Punjab government, you will need to provide certain documents. These documents are required to verify your identity and determine your eligibility for the interest-free loan to build your own house. They are crucial for the completion and approval of your application.
You Can Also Read: Great News! Apni Chhat Apna Ghar: Rs. 15 Lakh Loan
Required Documents:
- Front side photo of your National Identity Card (NIC) approved by the Government of Pakistan
- Back side photo of your National Identity Card (NIC) approved by the Government of Pakistan
- Proof of your monthly income
- Proof of property ownership
Make sure you have all these documents ready when you apply, as they are key to ensuring your application is complete and can be processed smoothly.
Step-by-Step Registration Guide for Those Not Selected in Phase One
New Registration Opportunity If you applied in the first phase of the Rs. 15 lakh loan scheme and your name did not appear in the balloting results, don’t worry. The Punjab government is giving you another chance to register in phase two. The registration process is the same as in phase one, and you can easily complete it from home.
Follow these steps to register:
- Complete the PSER Survey: Ensure your PSER survey is completed before starting the registration.
- Visit the Official Website: Go to the ACAG official website at https://acag.punjab.gov.pk/.
- Create an Account: If you are a new user, create an account using your CNIC number, phone number, address, passport details, and email address.
- Log In: After creating your account, log in using your CNIC number and password.
- Agree to Terms and Conditions: You will be presented with some terms and conditions; agree to these to proceed.
- Provide Personal Information: Enter your personal details such as CNIC number, phone number, address, name, father’s name, and father’s CNIC number.
- Enter Account Details: Fill in your account information, including account holder name, account type, and account number.
- Upload Your Photo: Upload a recent photograph of yourself.
- Submit Required Documents: Upload your CNIC and property documents.
- Submit Your Application: Enter any feedback you may have, then submit your application.
Make sure to double-check all information and documents before submitting your application to ensure a smooth process.
Common Reasons for Disqualification from the Rs. 15 Lakh Loan Scheme
New Registration Opportunity If your application for the Rs. 15 lakh loan scheme by the Punjab government was rejected, there could be several reasons. Avoiding these mistakes can increase your chances of successfully getting the loan. Here are some common reasons for disqualification:
- Not Double-Checking Your Information: Always review the information you provide to ensure it is accurate.
- Not Submitting Original Documents: Make sure to provide original documents as required.
- Uploading Blurry or Poor-Quality Photos: Upload clear and proper pictures when submitting your application.
- Providing False Information: Ensure all information you provide is truthful and accurate.
- Skipping Required Information: Do not leave any required fields blank in your application.
- Submitting After the Deadline: Make sure to complete your registration before the scheduled closing date.
By paying attention to these details, you can improve your chances of approval in the loan scheme.
Interest-Free Loan and Repayment Details for Apni Chhat Apna Ghar Scheme
New Registration Opportunity Under the Apni Chhat Apna Ghar Scheme, Chief Minister Punjab Maryam Nawaz is offering a loan of Rs. 15 lakh for house construction. This loan is entirely interest-free, with no taxes or hidden charges. If anyone contacts you claiming that you need to pay interest or taxes for this scheme, it is a scam. You should report such incidents to the ACAG (Apni Chhat Apna Ghar) authorities immediately so they can take legal action.
The Punjab government will provide the Rs. 15 lakh loan, which can be repaid over 7 years in easy monthly installments. The monthly payment will be approximately Rs. 14,000. This means you will need to pay Rs. 14,000 every month for the next 7 years to fully repay the loan.
To make things easier, the Punjab government has waived the first 3 months’ installments, giving you some financial relief as you begin building your home.
