The Apna Ghar Apni Chat (AGAC) Scheme is an important housing initiative launched by the Punjab government. In a recent meeting, the Chief Minister of Punjab, Maryam Nawaz, met with Dr. Amjad Saqib, the Founder and Chairman of Akhuwat, to discuss the government’s plans for providing affordable housing to low-income families. The scheme aims to offer interest-free loans and subsidies to help these families build their own homes.
| Aspect | Details |
| Loan Amount | 1 million PKR for each house |
| Monthly Installments | Approximately 14,000 PKR |
| Interest Rate | Interest-free loans |
| Subsidy | Government-provided subsidies |
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Maryam Nawaz to Provide Homes Through New Housing program
During the meeting, Dr. Amjad Saqib praised Maryam Nawaz for her efforts in launching the Apna Ghar Apni Chat scheme, which focuses on providing homes to those who cannot afford to buy or build a house. Maryam Nawaz highlighted the importance of this initiative, which aims to help low-income families achieve their dream of homeownership. The scheme has been expanded and is now considered one of the largest housing programs in Pakistan, aimed at reaching a wide range of people.
Govt to Issue Subsidized Houses with Interest-Free Loans
The Punjab government will offer subsidies to those who qualify for the program. These subsidies will be combined with easy monthly installment plans, ensuring that even families with limited income can afford to participate in the scheme. The Chief Minister emphasized the importance of building environmentally sustainable homes that are both affordable and long-lasting. The goal is to improve the lives of families while also providing job opportunities through this large-scale housing project.
Program to Be Launched in Three Phases
The Apna Ghar Apni Chat scheme will be implemented in three phases. In rural areas, residents can apply for loans up to 1.5 million PKR for plots up to 10 marlas. In urban areas, the program will cover plots up to 5 marlas. The loans will have interest-free monthly repayments of around 14,000 PKR, making it affordable for a wide range of families.
Additionally, the scheme includes the construction of four-story apartments on government land in major cities, with homes allocated through a lottery system. These apartments will be available through affordable installment plans, ensuring that more people can benefit from the program. In private housing developments, families can receive up to 1 million PKR in government subsidies, with the remaining amount paid over five years through easy installments.
Future Plans for the Apna Ghar Apni Chat Scheme
The Punjab government plans to expand the Apna Ghar Apni Chat scheme to cover both urban and rural areas across the province. In the future, the program aims to build thousands of new housing units each year, providing much-needed housing for low-income families. By focusing on sustainable and affordable housing, the initiative will not only help families but also create employment opportunities for workers in the construction and housing industries.
Conclusion
In conclusion, the Apna Ghar Apni Chat Scheme launched by Chief Minister Maryam Nawaz is a groundbreaking step toward providing affordable housing for low-income families in Punjab. With interest-free loans, government subsidies, and flexible repayment plans, this initiative will make homeownership a reality for thousands of underprivileged families. As the program continues to expand, it promises to improve the lives of countless families by providing them with stable, affordable housing.
Also Read: Over 15,000 Applications Received for AGAC Interest-Free Loan
FAQs
1. How much loan can families get under the Apna Ghar Apni Chat Scheme in 2024?
Families can receive up to 1.5 million PKR in loans, depending on the location and size of the plot.
2. Are the loans offered by the government interest-free in 2024?
Yes, the loans provided under this scheme are interest-free, making it easier for low-income families to afford the repayments.
3. How can I apply for the Apna Ghar Apni Chat Scheme in 2024?
You can apply online through the government portal or by contacting the designated registration offices. Applications can also be submitted via the toll-free number provided by the government.