Apni Chhat Apna Ghar Scheme 2nd Phase – Key Information for Registration and Loan Distribution
Apni Chhat Apna Ghar Scheme 2nd Phase
Apni Chhat Apna Ghar Scheme 2nd Phase has been opened for individuals who were unable to register in the first phase of the scheme. This is a perfect opportunity for them to register in the Apni Chhat Apna Ghar Scheme 2nd Phase Apni Chhat Apna Ghar Scheme 2nd Phase .
Through the Apni Chhat Apna Ghar Scheme, Punjab Chief Minister Maryam Nawaz Sharif would grant a loan of Rs 1.5 million to Punjab families that do not have a place to reside to build a house. These households will receive an interest-free loan in installments. Aside from that, the households can repay the loan by paying Rs 14,000 every month for seven years.
According to Maryam Nawaz Sharif, this initiative is open to all Punjabi families that do not currently own a home and have 5 marlas of urban land or 10 marlas of rural property. Furthermore, you will be provided with complete information about the registration of the second phase of the Apni Chhat Apna Ghar Scheme, loan distribution, repayment schedule, and required documents to assist you in your registration so that you do not face any difficulties in obtaining a loan of Rs 1.5 million from the Punjab Government.
Loan Distribution and Repayment Schedules Under the ACAG Scheme
Punjab Chief Minister Maryam Nawaz Sharif has launched the Apni Chhat Apna Ghar Scheme for Punjabi families owning 5 marlas (urban) or 10 marlas (rural) land but lacking funds to build a house.
Under this initiative, families will receive an interest-free Rs 1.5 million loan to start construction, repayable over seven years in easy installments. Beneficiaries can complete their homes by paying Rs 14,000 per month to the Punjab government.
To ease the burden, the government has waived certain property construction taxes. The Bank of Punjab will disburse the loan in installments, providing funds as construction progresses.
Simple Registration Steps for Those Who Missed the First Phase of the ACAG Scheme.
For individuals who were unable to register for the Apni Chhat Apna Ghar initiative Phase One, the Punjab government has launched the Apni Chhat Apna Ghar Scheme 2nd Phase, ensuring that the majority of Punjab’s families benefit from this initiative.
To verify your enrollment in Apni Chhat Apna Ghar Scheme 2nd Phase, complete the procedure outlined below:
- Visit the ACAG Scheme’s official website.
- Create your account by entering your CNIC, District, Tehsil, Division, City, Mobile Number, Gender, Email Address, and Password.
- Log in to your account with your CNIC and password.
- I agree to the terms and conditions.
- Provide accurate and complete general information, such as your name, father’s name, CNIC number,
- gender, mobile number, email address, and so on.
- Upload your ownership documentation, as well as a photo of both the front and back of your CNIC.
- Finally, provide feedback and submit your application.
- Remember that the Punjab government would grant a loan of Rs 15 lakh to families in the province through a balloting process to build a house.
Documents and Information required for the registration process
The paperwork and information needed to apply for the Apni Chhat Apna Ghar Scheme 2nd Phase are listed below.
- Your email address.
- Your telephone number
- Proof of your property
- Your and your father’s CNIC numbers
- A photocopy of your National Identity Card issued by the government of Pakistan.
Frequently Ask Questions (FAQs)
What is the Apni Chhat Apna Ghar Scheme, Second Phase?
The plan offers interest-free loans of Rs 1.5 million to Punjab households without a home to help them build one.
Who is eligible for the scheme?
Families in Punjab with 5 marlas of urban or 10 marlas of rural land who do not currently own a home are eligible.
What is the repayment schedule for the loan?
The loan can be repaid in convenient monthly installments of Rs 14,000 over a period of seven years.
How will the loan be provided?
The loan will be disbursed in installments by the Bank of Punjab as the house development continues.
How can I sign up for the scheme?
You can register on the official ACAG website by entering your personal information, attaching the necessary documents, and completing the application online.
What happens if my name is selected in the balloting?
If chosen, you will receive the first installment of the Rs 1.5 million loan to begin your home development.
Are there any further benefits to this scheme?
Yes, the Punjab government has eliminated taxes on house construction for families that benefit from the plan.
What happens if I fail to register in the first phase?
You can now sign up for the Apni Chhat Apna Ghar Scheme 2nd Phase.
Conclusion
The Punjab government has launched the 2nd phase of for individuals who missed the first phase. Chief Minister Maryam Nawaz Sharif announced that families owning 5 marlas (urban) or 10 marlas (rural) land but lacking funds can avail of a Rs 1.5 million loan. The loan is repayable in easy monthly installments of Rs 14,000 over seven years.
Eligible families can register on the ACAG portal by providing details, an identity card, and proof of property. The Punjab government will grant loans through balloting, providing selected applicants with the first installment of the Rs 1.5 million loan.
