The CM Maryam Nawaz 15 Lakh Loan Scheme, officially known as the Apni Chhat Apna Ghar Scheme, is a groundbreaking initiative aimed at empowering families in Punjab, Pakistan, to construct their homes. This interest-free loan program is designed to make homeownership accessible for families with limited resources. The scheme emphasizes transparency, ease of access, and affordability.
Key Features of the Scheme
Eligibility and Quotas
- Target Beneficiaries: Families owning urban plots (1-5 marlas) or rural plots (1-10 marlas).
- Quotas: District-wise quotas ensure equitable distribution of resources, with electronic balloting used for fair selection.
Loan Amount and Usage
- Loan Value: Up to PKR 15 lakh for home construction.
- Conditions: Funds must be exclusively used for house building, verified by the Punjab government after the first installment.
Repayment Plan
- Duration: 7 years.
- Monthly Installment: PKR 14,500, ensuring affordability as payments are designed to be less than typical rental costs.
- Interest-Free: The Punjab government absorbs all service charges.
Application and Balloting Process
Registration
- Current Phase: Phase Two is ongoing. Applicants can register via the official website.
- Documentation: Valid CNIC and proof of land ownership are required.
Also Read: CM Punjab Honahaar Scholarship Program 2024 (Registration and Key Details)
Selection
- Balloting: Electronic and district-based to eliminate fraud.
- Installments: Successful applicants receive their first installment at Bank of Punjab branches after identity verification.
Benefits of the Scheme
- No Hidden Costs: Completely interest-free loans.
- Transparent System: Regular monitoring to ensure proper fund utilization.
- Economic Relief: Affordable repayment structure supports low-income families.
Informative Table: Loan Overview
| Feature | Details |
|---|---|
| Loan Amount | PKR 15,00,000 |
| Purpose | Home construction |
| Eligibility | Urban plots (1-5 marlas), rural plots (1-10 marlas) |
| Monthly Installment | PKR 14,500 |
| Repayment Period | 7 years |
| Interest Rate | 0% |
| Application Method | Online registration |
| Verification Process | Electronic balloting and CNIC check |
| Initial Installment Collection | Bank of Punjab branches |
Conclusion
The CM Maryam Nawaz Loan Scheme is a transformative step toward addressing housing challenges in Punjab. By offering interest-free loans and ensuring a transparent, streamlined process, the initiative paves the way for sustainable development and improved living standards. Families should seize this opportunity to secure affordable housing under this visionary program.
For further details and registration, visit the official portal or contact the helpline at 0800-09100
