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8.5B Interest-Free Loans
The Punjab government’s Apni Chhat Apna Ghar program has created history. Under this revolutionary initiative of Chief Minister Maryam Nawaz, interest-free loans have been provided to more than 9,000 people across the province, the total value of which has exceeded Rs 8.5 billion. Issuing such a large amount of microfinance loans through this program in just a few months is a unique feat, which is a testament to the government’s commitment to public welfare.
Under the program, the construction of 5,000 houses in the first phase is nearing completion, while the construction of 3,000 more houses in the second phase has begun. More than 400,000 applications have been received on the “Apni Chhat, Apna Ghar” portal, which is a clear expression of the public’s trust in this program. The applications are being verified by impartial microfinance institutions to ensure transparency.
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Under this program, interest-free loans of up to Rs 1.5 million are being given to people, which will be repaid in monthly installments of Rs 14,000 over 9 years. The Chief Minister has assured that there will be no room for any kind of recommendation or nepotism in the distribution of loans. This scheme is providing a golden opportunity for low-income people to get a roof over their heads.
Chief Minister Maryam Nawaz says that “the state is like a mother, which feels the most for its homeless children. My dream is that no one in Punjab should remain homeless and everyone should have their own roof over their heads.” For more information, the portal acag.punjab.gov.pk and helpline 0800-09100 are available. This program is becoming a means of turning the dreams of millions of people into reality and is one of the best public welfare projects.
Record-Breaking Loan Distribution
Under this revolutionary program, interest-free loans worth over Rs. 8.5 billion have been issued to more than 9,000 individuals across Punjab. This achievement marks a new record in the history of microfinance programs, as these loans were distributed in just a few months. In the first phase of the project, 5,000 loans were issued, while the second phase is underway, with construction beginning on houses through an additional 3,000 loans.
Massive Public Response
The “Apni Chhat, Apna Ghar” program has received an overwhelming response, with over 400,000 applications submitted through the official portal. This remarkable number reflects the trust and enthusiasm of the public for the project. To maintain transparency, the applications are being verified by three impartial microfinance institutions, ensuring that only deserving candidates benefit from this initiative.
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Housing Construction Targets
Under this program, more than 5,000 houses have already reached the final stages of completion, and construction work on additional houses is progressing rapidly. Chief Minister Maryam Nawaz has set ambitious targets of building 100,000 houses in one year and 500,000 houses in five years, a goal that promises to transform the housing landscape of Punjab.
Easy Loan Repayment Terms
A significant feature of the program is its user-friendly repayment plan. Beneficiaries who receive loans of up to Rs. 1.5 million will repay the principal amount over nine years, with monthly installments of just Rs. 14,000. This affordable structure ensures that even low-income families can participate in the program without financial strain.
Transparent and Merit-Based System
Chief Minister Maryam Nawaz has emphasized that the program operates on a completely merit-based system. She assured the public that there would be no room for favoritism or recommendations, and loans would only be granted to eligible applicants who meet the criteria.
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Chief Minister’s Vision for Housing
Speaking about the initiative, Chief Minister Maryam Nawaz said, “The state is like a mother, and a mother feels the most for homeless children. My heart desires that no one in Punjab remains homeless, and everyone experiences the comfort of their own roof.” Her heartfelt vision has become the driving force behind this project, ensuring that the government prioritizes the welfare of its citizens.
Accessing the Program: Portal and Helpline
To facilitate the public, the Punjab government has established an online portal and a helpline. Citizens can visit the official website acag.punjab.gov.pk to apply or call the helpline 0800-09100 for assistance and further details.
A Historic Step Toward Public Welfare
The “Apni Chhat, Apna Ghar” program has become a symbol of hope and progress in Punjab. It stands as one of the largest and most impactful housing initiatives in the province’s history, aiming to fulfill the dream of a home for millions of homeless individuals. With its transparent processes, interest-free loans, and long-term vision, the program is transforming lives and contributing significantly to the socio-economic development of Punjab.
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Benefits of the Apni Chhat Apna Ghar Scheme
- Interest-Free Loans: Beneficiaries receive loans of up to Rs. 1.5 million without any interest, making housing affordable for low-income families.
- Affordable Repayment Plans: Loans are repayable over nine years with manageable monthly installments of Rs. 14,000, ensuring financial ease for borrowers.
- Massive Public Engagement: Over 400,000 applications have been received, showcasing its popularity and trust among the citizens of Punjab.
- Transparent Process: The verification of applications is conducted by impartial microfinance institutions, ensuring a merit-based and corruption-free system.
- Employment Generation: The construction of new homes creates job opportunities for laborers, contractors, and suppliers, boosting the local economy.
- Housing Security: With over 5,000 houses nearing completion, thousands of families are on the path to securing safe and permanent housing.
- Ambitious Targets: The program aims to build 100,000 houses in one year and 500,000 houses in five years, significantly reducing homelessness in Punjab.
- Easy Access to Information: Citizens can easily apply and seek assistance through the online portal acag.punjab.gov.pk or the helpline 0800-09100.
Conclusion
The Apni Chhat Apna Ghar scheme is a transformative step by the Punjab government, addressing the long-standing issue of homelessness. With its transparent processes, interest-free loans, and accessible application system, the program is empowering thousands of families to achieve their dream of owning a home. This initiative is not just about housing; it’s about restoring dignity, security, and hope to the people of Punjab.