The Punjab cabinet has sanctioned the Apni Chhat Apna Ghar plan, which intends to deliver 100,000 affordable houses or apartments to qualifying families throughout the province.. This project is part of the government’s aim to facilitate home ownership for low-income families. The home loan will be given on the basis of plot ownership and a copy of the CNIC. Borrowers can receive up to Rs 1.5 million in loans, with a monthly installment of Rs 14,000 for nine years.
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| Scheme Details | Information |
| Loan Amount | Rs 1.5 million |
| Monthly Installment | Rs 14,000 for 9 years |
| Number of Houses | 100,000 |
| Target Completion | 5 years |
Interest-Free Housing Loans
The Apni Chhat Apna Ghar plan would offer interest-free loans, becoming Pakistan’s first significant housing project to do so. This lending system has been changed into a revolving fund, which means that no more fees will be charged to borrowers. The goal is to make it easier for consumers to secure loans. This involves decreasing the complexity of verifying applicants’ social, economic, and income facts.
Housing Loan for Rural and Urban Areas
Loans of up to Rs 1.5 million would be made available in rural regions for residences measuring up to 10 marlas. In metropolitan areas, the same amount will be accessible for houses measuring up to 5 marlas. Borrowers will pay back the loan in monthly installments of Rs 14,000. This initiative includes both rural and urban areas, ensuring that people throughout Punjab benefit from this housing project. It aims to reduce homelessness and enhance the living conditions for vulnerable families.
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Flats for Major Cities
In key cities, the government intends to construct four-story flats on government property. These flats will be awarded using a lottery system and paid for in convenient payments. The creation of these flats will help to address housing shortages in major cities by providing low-income families with affordable dwelling options. This project will also ensure that individuals in cities have access to sustainable and environmentally suitable housing. Loans of up to Rs 1.5 million for rural and urban areas. Monthly installments of Rs. 14,000. Flats in large cities with a lottery system Government subsidy of up to Rs one million each property.
Government Support and Employment Opportunities
The government is providing subsidies of up to Rs 1 million per house under private housing plans. This financial assistance is intended to make housing more accessible for low-income households. In addition to providing housing, the Apni Chhat Apna Ghar program is anticipated to generate work possibilities for millions of people. Construction of houses and flats will provide jobs, contributing to economic growth in the province.
Conclusion
The Apni Chhat Apna Ghar programme is an important step towards improving living conditions and eliminating homelessness in Punjab. The government makes home ownership more accessible to low-income families by offering interest-free loans and subsidies. With a target of building 500,000 houses in five years, this ambitious project will include a long-term influence on the lives of many people, giving them the opportunity to own their homes and better their quality of life.
