Maryam Nawaz Loan Scheme 2024
The Maryam Nawaz Loan Scheme, also known as the Apni Chhat Apna Ghar Program, is a groundbreaking initiative by the Punjab Government to address the housing needs of low- and middle-income families. This program provides interest-free loans of Rs. 1.5 million (15 lakh), empowering families to construct their own homes on small plots of land.
The scheme, announced in August 2024, focuses on families owning plots ranging from 5 marlas in urban areas to 10 marlas in rural areas. With a repayment plan spread over seven years, and relief for the first three months, this initiative ensures ease of access and affordability for all eligible participants.
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Quick Information Table
| Feature | Details |
| Scheme Name | CM Maryam Nawaz 15 Lakh Loan Scheme |
| Launch Date | August 2024 |
| Application Deadline | Ongoing |
| Loan Amount | Rs. 1,500,000 (15 lakh) |
| Repayment Period | 7 years (first 3 months interest-free) |
| Eligible Land Sizes | 5 marlas (urban), 10 marlas (rural) |
| Cities/Provinces Covered | All districts in Punjab |
| Eligibility | Punjab residents with plot ownership |
| Application Method | Online and offline |
| Registration Portal | http://acag.punjab.gov.pk/ |
New Updates and Key Announcements
1. Loan Distribution Started
The loan disbursement began in September 2024, benefiting over 70,000 families in Punjab. As of October 2024, more than 200,000 applications have been registered.
2. Expanded Reach
While initially focused on urban and rural plot owners, the program will eventually expand its reach to other demographic groups in Punjab, ensuring widespread access to affordable housing solutions.
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How to Apply for the CM Maryam Nawaz 15 Lakh Loan Scheme
Step-by-Step Online Application Process
- Prepare Documents:
- CNIC (National Identity Card)
- Proof of income
- Ownership documents of the land
- Register on the Portal:
- Visit the Apni Chhat Apna Ghar Portal.
- Create an account with your CNIC, phone number, and personal details.
- Fill Out the Form:
- Provide accurate details about yourself and your property.
- Upload required documents, including front and back images of your CNIC.
- Submit the Application:
- Double-check the details and submit the form.
- Wait for a confirmation message regarding your eligibility.
For assistance, applicants can contact the helpline at 0800-09100.
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Key Benefits of the Loan
- Interest-Free Financing: Eliminates financial burdens associated with traditional loans.
- Flexible Repayment: The repayment schedule is set at a manageable Rs. 14,000/month.
- Accessibility: The application process is simple and user-friendly, ensuring inclusivity.
- Empowerment: Families are enabled to own and construct their homes.
Required Documents
To ensure eligibility, applicants need:
- CNIC: Verified by NADRA.
- Proof of Monthly Income: Ensures the applicant falls within the targeted financial bracket.
- Land Ownership Documents: Confirms the applicant’s eligibility based on plot ownership.
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A Revolutionary Step Toward Affordable Housing
The Maryam Nawaz Loan Scheme is not just about providing financial aid—it is a transformative initiative aimed at improving the quality of life for families in Punjab. By addressing housing shortages and offering an affordable solution, this scheme ensures economic empowerment and social stability.
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FAQs
- Who is eligible for the Maryam Nawaz Loan Scheme?
Residents of Punjab owning a plot of 5 marlas (urban) or 10 marlas (rural) are eligible. - What is the repayment plan?
The loan is repayable over 7 years with an installment of Rs. 14,000/month. The first three months are interest-free. - How can I apply for the Maryam Nawaz Loan Scheme?
Applications can be submitted through the Apni Chhat Apna Ghar Portal or at designated Punjab Government offices. - Can I apply if I don’t own land?
No, plot ownership is a mandatory requirement. - What happens if I miss the deadline?
Applications are currently open with no immediate deadline, but it’s advisable to apply as soon as possible to secure a spot.
The Maryam Nawaz Loan Scheme is a beacon of hope for families striving for homeownership. With its transparent policies and ease of access, it promises to transform lives across Punjab
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