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Great news for all residents of Punjab! As of October 4, 2024, the Chief Minister of Punjab, Maryam Nawaz, has initiated the cash distribution process under the Apna Ghar Apni Chhat (AGAC) program.
Applicants who successfully applied for housing loans will soon receive their funds through the Bank of Punjab. Those who were selected through the ballot are now eligible to receive loans of up to Rs 15 lakh in this first phase of the program.
Punjab Government Begins AGAC Cheque Distribution
The AGAC program, led by Chief Minister Maryam Nawaz and supported by PML-N President Nawaz Sharif, aims to help deserving families build their own homes. Starting Wednesday, the Punjab government has been distributing cheques to approved applicants, allowing them to begin construction on their homes.
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Over 500,000 Applications for AGAC Program
Since the Apna Ghar Apni Chhat scheme was launched in August 2024, over 500,000 applications have been received from eligible citizens. The program, which focuses on providing interest-free loans for home construction, has seen a huge response.
At a recent event, Maryam Nawaz emphasized that this initiative is helping to fulfill Nawaz Sharif’s vision of providing affordable housing for those in need. The scheme offers loans of up to Rs 15 lakh, helping families achieve their dream of homeownership.
Monthly E-Balloting Announced for AGAC Program
In a recent announcement, Maryam Nawaz confirmed that e-balloting will be held every month to select more applicants who will receive housing loans. The government aims to help 100,000 families each year build their own homes through this initiative.
Interest-Free Loans of Rs 1.5 Million for Home Construction
The Apna Ghar Apni Chhat program is Pakistan’s first large-scale interest-free housing scheme. Approved applicants can receive loans of up to Rs 1.5 million, which can be repaid in monthly installments of Rs 14,000 over nine years. This is the first time such a scheme has been offered based on land ownership or CNIC registration.
Loan Options for Rural, Urban, and City Areas
- Rural Areas: Loans of up to Rs 1.5 million for homes up to 10 marlas, repayable in Rs 14,000 monthly installments.
- Urban Areas: Loans of the same amount are available for homes up to 5 marlas, with similar repayment terms.
- Major Cities: In larger cities, the government will construct four-story residential buildings on public land. These homes will be distributed through a lottery system, and repayment will be made in easy installments.
Additionally, homes ranging from 3 to 5 marlas will be offered under private housing schemes, with a subsidy of up to Rs 1 million provided by the government.
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How to Apply for the AGAC Program Online
Applying for the Apna Ghar Apni Chhat program is simple and can be done online. Here’s how you can apply:
- Visit the official website: acag.punjab.gov.pk.
- Click on the “Register” button located at the top left corner of the page.
- Complete the application form by entering the required information accurately.
- Submit the form to finalize your registration.
For more details, visit the official website for updates.
Conclusion
The Apna Ghar Apni Chhat program, launched by the Punjab government, is a transformative initiative offering interest-free loans of up to Rs 15 lakh to help families build their own homes. With monthly e-balloting and flexible repayment plans, this program provides a golden opportunity for those in rural, urban, and city areas to secure affordable housing.
Keep an eye out for the monthly ballot results, as this could be your chance to benefit from this life-changing housing initiative.
Resources:
- https://8171registrationonline.pk/15-lakh-cash-distribution-begins-for-agac/
- https://bisp.8171alert.pk/tag/cash-distribution-of-15-lakh/
- https://www.facebook.com/groups/1152742432658991/posts/1192878515312049/
- https://punjab.gov.pk/
- https://ehsaassprogram.com/apni-chhat-apna-ghar-program-15-lakh-cash-distribution-begin/
