Great News! Apni Chhat Apna Ghar: Rs. 15 Lakh Loan Distribution Begins on 15th September
Distribution of Rs. 15 Lakh Loan Under Apni Chhat Apna Ghar Scheme Begins
Apni Chhat Apna Ghar: Rs. 15 Lakh Loan Starting from September 15, 2024, those who applied for the Apni Chhat Apna Ghar Scheme will begin receiving loans of Rs. 15 lakh from Punjab Chief Minister, Maryam Nawaz Sharif. It is important to note that this loan is only for residents of Punjab who do not own a house. If you applied for the scheme, you can check the balloting results to see if your name is listed under your district, making you eligible to receive the Rs. 15 lakh loan from the Punjab Government.
In a recent announcement, Chief Minister Maryam Nawaz shared that loans of Rs. 15 lakh will be provided to 70,000 families across Punjab for the construction of their own homes under the Apni Chhat Apna Ghar scheme.
This article provides all the essential information about the distribution process for the Maryam Nawaz 15 lakh loan scheme. Read on for full details.
You Can Also Read: Latest Updates on Maryam Nawaz Loan
Interest-Free Loan and Repayment Details for Apni Chhat Apna Ghar Scheme
Apni Chhat Apna Ghar: Rs. 15 Lakh Loan 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.
You Can Also Read: Maryam Nawaz 15 Lakh Loan Scheme
How Will You Receive the Loan?
Apni Chhat Apna Ghar: Rs. 15 Lakh Loan If your name is selected in the Apni Chhat Apna Ghar Scheme, the Punjab Government will verify the information you provided. This verification will be done through a survey conducted by the Punjab Housing and Town Planning Agency (PHATA).
PHATA will visit your plot, take measurements, and prepare a report. This report will be sent to the Punjab government. Based on the findings, you will be eligible to receive a loan of 15 lakh rupees. The first installment of this loan will be transferred to the bank account you provided, starting on September 15, 2024.
Conclusion
introduced by Chief Minister Punjab Maryam Nawaz, is designed to help those without their own homes. Starting from September 15, 2024, loans of Rs. 15 lakh will be given to 70,000 families in Punjab to help them build their houses.
This loan is interest-free, and beneficiaries can repay it through easy monthly installments over 7 years, with the first three months of payments waived. If you have applied for this scheme, check if your name is on the list and get ready for the housing survey. This is a great opportunity for many families to fulfill their dream of owning a home without dealing with high-interest loans.
FAQs
Loan Distribution Start Date
The distribution of the Rs. 15 lakh loan under the Apni Chhat Apna Ghar scheme will begin on 15th September 2024.
Eligibility Criteria
Only residents of Punjab who do not own a home are eligible for the loan. Applicants must apply for the scheme and be selected through a balloting process.
How to Check Your Selection Status
To check if you have been selected, look up your name in the balloting results organized by district.
Loan Repayment Terms
The loan will be repaid in monthly installments of around Rs. 14,000 over 7 years. The first three months of installments are waived.
Loan Distribution Process
After your name appears on the list, the Punjab Housing and Town Planning Agency (PHATA) will conduct a survey. Once the survey is complete, the first installment of Rs. 15 lakh will be transferred to the bank account you provided.
Timeline for Loan Disbursement
Once PHATA completes the survey, the loan amount will be transferred to your bank account starting on 15th September 2024.
