Key Features of the Scheme
- Loan Amount: Eligible applicants can receive up to Rs1.5 million to construct their homes.(Pakistan Today)
- Eligibility Criteria:
- Urban Areas: Individuals owning plots ranging from 1 to 5 marls.
- Rural Areas: Individuals owning plots ranging from 1 to 10 marls.
- Applicants must be permanent residents of Punjab and not defaulters of any financial institution.(The Express Tribune, WE News English)
- Repayment Terms:
- Grace Period: No repayments are required for the first three months.
- Installments: Monthly payments are capped at Rs14,000, making it manageable for families.
- Loan Tenure: The loan is to be repaid over a period of seven years.(Dawn, STS Result, WE News English)
- Application Process:
- Online Portal: Interested individuals can apply through the official portal at acag.punjab.gov.pk.
- Helpline: For assistance, applicants can call the dedicated helpline at 080009100.(CM Punjab, Pakistan Today)
- Additional Support:
- The government will cover all service charges associated with the loan.
- Banks are not involved in this scheme to avoid hidden costs.(Dunya News, Dawn)
Housing Design
The houses constructed under this scheme will feature:(Dawn)
- Two bedrooms
- A TV lounge
- A bathroom
- A kitchen of a decent size(Dawn)
These designs aim to provide dignified living spaces for low-income families.(The Express Tribune)
Implementation and Expansion
Initially, the scheme is being launched in six major districts of Punjab, with plans to expand it across the province within five years. The government has committed to constructing 100,000 affordable houses, benefiting approximately 70,000 families.(dailyrapidnews.com, WE News English)
Additional Initiatives
In conjunction with the housing scheme, CM Maryam Nawaz has announced an increase in financial aid for individuals with disabilities through the ‘Himmat Card’ program. The aid amount has been raised from Rs75,000 to Rs100,000 for 65,000 beneficiaries, with disbursements made every three months via the Bank of Punjab. (Pakistan Today)
This comprehensive approach reflects the government’s commitment to alleviating the financial burdens on its citizens and providing them with the means to improve their living conditions.
For more information or to apply, visit the official portal at acag.punjab.gov.pk or call the helpline at 080009100.(STS Result)
