Maryam Nawaz Loan Scheme

Exciting News: Maryam Nawaz Loan Scheme 2025 Online Apply For 15 Lakh Loan

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Maryam Nawaz Loan Scheme

In a landmark creativity to address housing challenges in Punjab, Chief Minister Maryam Nawaz Sharif has launched the “Apni Chhat Apna Ghar” scheme. This plug-in aims to provide interest-free loans of up to PKR 1.5 million to 70,000 families, enabling them to construct their own homes. Recognizing that owning a home is an important milestone, this scheme seeks to offer economic support to those who lack adequate housing.

Quick Information Table

FeatureDetails
Program NameApni Chhat Apna Ghar Scheme
Announcement DateAugust 14, 2024
Loan AmountUp to PKR 1.5 million
Interest Rate0% (Interest-Free)
Repayment Period7 years
Monthly InstallmentApproximately PKR 14,000
Application MethodOnline
Official Websiteacag.punjab.gov.pk
Helpline0800-09100

Objectives of the Maryam Nawaz Loan Scheme

The primary goal of this system is to facilitate home ownership among the disadvantaged segments of society. By offering interest-free loans, the Punjab government aims to:

  • Reduce Homelessness: Assist families in obtaining permanent shelter.
  • Promote Social Welfare: Enhance living standards and provide stability.
  • Stimulate Economic Growth: Boost the building sector and create employment chances.

Eligibility Criteria for Maryam Nawaz Loan Scheme

To confirm that the benefits reach the worthy applicants, candidates must meet the following criteria:

  1. Residency: Must be a permanent inhabitant of Punjab, as indicated on the CNIC.
  2. Land Ownership:
    • Urban Areas: Ownership of up to 5 marla plots.
    • Rural Areas: Ownership of up to 10 marla plots.
  3. Income Level: Monthly household income should be less than PKR 60,000.
  4. Head of Family: Candidate must be the head of the family as per NADRA records.
  5. Credit History: Should not be a defaulter of any financial institution or bank.
  6. Criminal Record: Must have a clean legal record with no contribution in criminal activities. 
Read Also: CM Punjab Bewa Sahara Card Application Process

Application Process for Maryam Nawaz Loan Scheme

The application process is designed to be user-friendly and accessible:

  1. Online Registration:
    • Visit the official website: acag.punjab.gov.pk.
    • Click on the “Registration” tab.
    • Fill in the required personal and property details.
    • Create a protected password for future access.
  2. Document Submission:
    • Upload scanned copies of:
      • CNIC (front and back).
      • Proof of land ownership.
      • Income verification documents (if applicable).
      • Recent passport-sized photograph.
  3. Form Submission:
    • Review all entered info for correctness.
    • Agree to the terms and conditions.
    • Submit the application.
  4. Application Tracking:
    • Use the provided tracking number to monitor application status.
    • For aid, contact the helpline at 0800-09100. 
Read Also: How to Apply for Bewa Sahara Card KPK

Loan Disbursement and Repayment Terms

Upon agreement, the loan will be disbursed in phases to confirm proper utilization:

  • Disbursement: Funds released in tranches aligned with creation milestones.
  • Repayment:
    • Tenure: 7 years.
    • Monthly Installment: Approximately PKR 14,000.
    • Initial Relief: The first three installments are relaxed to provide economic ease to borrowers.

Benefits of the Maryam Nawaz Loan Scheme

This creativity offers several advantages:

  • Financial Relief: Interest-free loans reduce the financial burden on low-income families.
  • Economic Upliftment: Inspires economic activity in the construction sector.
  • Social Stability: Provides families with a sense of security and belonging. 
Read Also: CM Punjab Bewa Sahara Card Registration

Recent Developments

As of the latest updates:

  • Loan Distribution: Over 9,000 individuals have received loans totaling more than PKR 8.5 billion, indicating the program’s success.
  • Ongoing Applications: The portal continues to accept submissions, with a target to construct 100,000 houses within a year and 500,000 houses over five years.

Frequently Asked Questions (FAQs)

1. Can I apply if I own more than 5 marla land in an urban area?

No, the scheme is exactly for individuals owning up to 5 marla land in urban areas or up to 10 marla in rural areas.

2. Is there any processing fee for the loan application?

No, there is no dispensation fee; the application process is entirely free.

3. How long does the approval process take?

The approval timeline varies based on application volume and verification procedures. Candidates are advised to regularly check their application status online.

4. Can I use the loan for purposes other than home construction?

No, the loan is strictly for the construction of inhabited properties on the applicant’s owned land.

5. What happens if I default on a payment?

In case of payment default, standard legal and economic penalties may apply, as per the loan agreement. 

Read Also: How to Apply for Punjab Aghosh Program 2025

Conclusion

The “Apni Chhat Apna Ghar” scheme represents a important step towards improving housing conditions in Punjab. By providing interest-free loans, the government aims to empower families to build their own homes, thereby enhancing their quality of life. Eligible individuals are heartened to apply promptly to take advantage of this chance.

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