The “Apni Chhat Apna Ghar” program, introduced by Chief Minister Maryam Nawaz of Punjab, is a scheme aimed at providing affordable housing to the citizens of Punjab. Under this program, people can receive loans of up to Rs 1.5 million to help them build their homes. The goal is to build 500,000 houses in five years, making it easier for low-income families to own a house.
| Key Points | Details |
| Loan Amount | Up to Rs 1.5 million |
| Repayment Term | 7 years |
| Monthly Installment | Rs 14,000 |
| Target | 500,000 houses in 5 years |
Contents
Loan Details for Apni Chhat Apna Ghar
Citizens of Punjab can apply for a loan of up to Rs 1.5 million under the “Apni Chhat Apna Ghar” scheme. This loan is designed to help families build homes and repay the amount over seven years. The loan is repayable in monthly installments of Rs 14,000. This initiative will allow low-income families to afford a house without facing a heavy financial burden all at once.
Government’s Housing Target
Chief Minister Maryam Nawaz has set an ambitious goal of building 500,000 houses in five years through this program. By providing affordable loans, the government aims to make housing accessible to everyone in Punjab, particularly for low-income families. This project is a part of the broader plan to improve the living standards of people across the province.
Support from Chinese Investors
During a meeting with provincial ministers and other officials, CM Maryam Nawaz mentioned that Chinese investors have shown great interest in the Apni Chhat Apna Ghar project. They view Punjab as a land full of opportunities, which could bring further investment and development to the region. This foreign interest could help boost the housing project and ensure its success.
- Rs 1.5 million loan available.
- Seven-year repayment term.
- Monthly installment of Rs 14,000.
- Target to build 500,000 houses.
Overcoming Economic Challenges
In her speech, CM Maryam Nawaz highlighted how political challenges and opposition had slowed the country’s progress over the past four years. She expressed confidence in her government’s ability to restore development and improve living conditions in Punjab. While she acknowledged that there hasn’t been dramatic progress in just six months, she remains committed to the long-term goal of improving the province.
Inflation and Price Monitoring
CM Maryam Nawaz also discussed the issue of inflation, noting that prices are stabilizing. She pointed out that essential items like flour and milk are still more affordable in Punjab compared to other provinces. She actively monitors the prices of food items and ensures that the prices remain low to help families manage their household expenses.
Other Development initiatives
Looking ahead, CM Maryam Nawaz has requested a five-year vision document from her team for the Apni Chhat Apna Ghar program. This document will outline the government’s plans for the housing project and other development initiatives. She also emphasized that hard work is needed to achieve the ambitious goals set for the province.
Also Read: Sindh govt announces ‘Sasti Basti’ housing project for middle class 2024
Conclusion
The Apni Chhat Apna Ghar program is a major step towards providing affordable housing in Punjab. With a loan of up to Rs 1.5 million, families can build their homes and repay the loan over seven years. The government’s goal of constructing 500,000 houses in five years is a bold initiative to improve living conditions for low-income families. Through this program, the Punjab government is showing its commitment to supporting the people and ensuring that everyone has the opportunity to own a home.