The Punjab government has shared exciting updates about the “Apni Chhat, Apna Ghar” programme, which is helping thousands of people build their own homes. Over 5,000 houses are nearly complete under this project, offering financial assistance to those who qualify. The scheme is being managed on a merit basis to ensure fairness and transparency.
| Update | Details |
|---|---|
| Total Homes Completed | 5,000+ |
| Phase II | 3,000 loans distributed |
| Loan Amount | Up to Rs 1.5 million |
Loan Repayment Terms and Conditions
One of the key features of the “Apni Chhat, Apna Ghar” programme is its easy repayment plan. Borrowers who receive loans of up to Rs 1.5 million can pay back the amount over nine years. The repayment is broken down into monthly installments of Rs 14,000. This is a huge relief for those who may have struggled to afford housing otherwise.
| Loan Amount | Rs 1.5 million |
|---|---|
| Monthly Installment | Rs 14,000 |
| Repayment Period | 9 years |
The Historic Interest-Free Loan Feature
This programme is notable for being the first interest-free housing project in Pakistan’s history. This means that the beneficiaries do not have to worry about extra charges or interest on their loans, making it a rare and valuable opportunity for low-income families.
| Feature | Detail |
|---|---|
| Interest-Free | Yes |
| Programme Type | Housing loan |
Monthly Lottery for Loan Distribution
To ensure fairness, the Punjab government holds a monthly ballot to distribute the loans. Each month, a random draw determines which applicants will receive the loans, ensuring that the system is transparent and accessible to everyone.
| Draw Type | Monthly Ballot |
|---|---|
| Participants | 500,000 applications |
| Loan Amount | Up to Rs 1.5 million |
Special Provisions for Rural and Urban Areas
The loan program offers different provisions for rural and urban areas to cater to varying needs. In rural areas, families can apply for loans to build houses up to 10 marlas, while in urban areas, the limit is set to 5 marlas. Both can avail up to Rs 1.5 million, with a repayment of Rs 14,000 per month.
| Area Type | Loan Limit | House Size | Monthly Installment |
|---|---|---|---|
| Rural Areas | Rs 1.5 million | Up to 10 marlas | Rs 14,000 |
| Urban Areas | Rs 1.5 million | Up to 5 marlas | Rs 14,000 |
Flats in Major Cities and Private Housing Schemes
For major cities, the Punjab government plans to construct four-story flats on government land. These flats will be offered through a lottery system and will be available on easy installments. Additionally, private housing schemes will offer homes ranging from 3 to 5 marlas with a government subsidy of up to Rs 1 million per house.
| City Type | Property Type | Subsidy |
|---|---|---|
| Major Cities | Four-story flats | Government subsidy |
| Private Housing | 3 to 5 marlas | Rs 1 million |
Summary
The “Apni Chhat, Apna Ghar” programme is a groundbreaking initiative that offers an affordable pathway to homeownership for low-income families across Punjab. With flexible loan options, transparent distribution, and interest-free benefits, this project is a lifeline for many families looking to fulfill their dream of owning a home. The Punjab government’s commitment to ensuring fairness and accessibility for all is evident in the way this programme has been structured.
