Punjab Information Minister Azma Bokhari recently announced that the government’s “Apni Chhat, Apna Ghar” project is gaining significant traction. This initiative, designed to provide interest-free loans for home construction, has already received over 78,000 applications, and nearly 200,000 calls have been made by citizens seeking information and guidance about the project.
Key Highlights of the Apni Chhat Apna Ghar Project
- Interest-Free Loans: The project offers interest-free loans to help citizens build their homes.
- Repayment Terms: The loans can be repaid in monthly installments of Rs 14,000 over seven years.
- Government Support: The Punjab government will cover all service charges and taxes associated with the loans, ensuring that citizens are not burdened by additional costs.
- Monthly Balloting: Chief Minister Maryam Nawaz personally oversees the monthly balloting process to ensure transparency and prevent the inclusion of individuals with criminal backgrounds.
- IMF Reservations: Minister Azma Bokhari also mentioned that the government is addressing the International Monetary Fund’s (IMF) concerns about electricity bill subsidies.
Detailed Overview ACAG Scheme
| Feature | Details |
|---|---|
| Loan Type | Interest-Free |
| Repayment Plan | Rs 14,000/month for 7 years |
| Government Support | Service charges and taxes covered by Govt. |
| Application Status | Over 78,000 applications received |
| Information Inquiries | Nearly 200,000 calls received |
| Transparency Measures | Monthly balloting by CM Maryam Nawaz |
Also Read: Minimum 1 Million Allocated to Each Family for ACAG Scheme
Punjab Government’s Commitment to Affordable Housing
The Apni Chhat, Apna Ghar project is a cornerstone of the Punjab government’s efforts to provide affordable housing to its citizens. By offering interest-free loans, the government is making it easier for people to own homes without the financial strain typically associated with mortgages.
High Public Interest
With over 78,000 applications submitted and nearly 200,000 inquiries made, it’s clear that the public is highly interested in the program. The overwhelming response indicates a strong demand for affordable housing solutions in the region.
Transparent and Fair Selection Process
To maintain the integrity of the project, CM Maryam Nawaz conducts monthly balloting. This ensures that only eligible and deserving candidates are selected, and safeguards are in place to prevent any malpractice.
Government Coverage of Service Charges
Unlike similar projects where banks and financial institutions charge service fees, the Punjab government has decided to bear these costs. This move further reduces the financial burden on citizens, making the dream of homeownership more accessible.
Conclusion
The Apni Chhat, Apna Ghar project is a significant step toward providing affordable housing in Punjab. With transparent processes, government support, and overwhelming public interest, the project is set to make a substantial impact on the lives of thousands of citizens.