Punjab Chief Minister Maryam Nawaz has introduced two major initiatives to help the citizens of Punjab. These initiatives focus on providing housing loans and increasing financial aid for disabled individuals. The programs aim to offer support during these challenging times and improve the living conditions of the people.
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Interest-Free Housing Loan Scheme
One of the significant initiatives launched by CM Maryam Nawaz is the ‘Apni Chhat, Apna Ghar’ project. This program provides interest-free loans to help people build their homes. The scheme is available to people who own land in both urban and rural areas.
| Details | Loan Scheme |
| Loan Amount | Up to Rs1.5 million |
| Repayment Term | 7 years |
| Monthly Installment | Rs14,000 |
| Service Charges | Covered by the government |
In urban areas, eligible applicants with land sizes between one to five marlas can apply. In rural areas, those with one to ten marlas of land can benefit from the scheme. The maximum loan amount is Rs1.5 million, which is to be repaid over seven years. There is an initial three-month exemption, and after that, monthly installments of Rs14,000 will be required. The government will cover all service charges, and there will be no bank involvement in this process. The scheme is focused on six large districts in Punjab and also offers loans for purchasing land.
Application Process and Helpline
To make the process easy for the citizens, the Punjab government has provided multiple ways to apply for this scheme. Citizens can apply online or use the helpline number 080009100 for assistance. This makes the program accessible to a larger audience, ensuring that more people can benefit from it.
Increased Financial Aid for Disabled Individuals
In addition to the housing loan scheme, CM Nawaz has also increased the financial assistance provided to disabled individuals through the ‘Himmat Card’ program. The aid has been raised from Rs7,500 to Rs10,000 for each of the 65,000 beneficiaries. The assistance will be distributed every three months through the Bank of Punjab, ensuring a regular income for those in need.
Exclusions and Implementation
The government has clarified that individuals already receiving financial support from other government agencies will not be eligible for this additional assistance. The program is designed to reach those who need it the most, ensuring that resources are allocated efficiently. A total of Rs 658.1 million has been set aside for the implementation of this project.
Government’s Commitment to Development
CM Nawaz emphasized that the government is dedicated to reducing the impact of inflation and supporting the development of Punjab. Among other initiatives, the government has announced plans for a major solar energy project, which is expected to reduce electricity bills by Rs45 to 50 billion.
Conclusion
These new initiatives by Punjab’s government are steps toward improving the lives of its citizens. The interest-free housing loans and increased financial aid for disabled individuals show the government’s commitment to supporting the people of Punjab during challenging times.
Also Read: Ehsaas Bahimmat Buzurg Program: Latest Eligibility Criteria for Registration
FAQs
Who is eligible for the interest-free housing loan?
Individuals who own land between one to five marlas in urban areas or one to ten marlas in rural areas are eligible.
How can I apply for the housing loan?
You can apply online or by calling the helpline at 080009100.
What is the new amount of financial aid for disabled individuals?
The financial aid has been increased to Rs10,000 for 65,000 beneficiaries.
When will the financial aid be disbursed?
The aid will be disbursed every three months through the Bank of Punjab.