15 Lakh Loan Scheme
15 Lakh Loan Scheme provided by the Government of Punjab which is very popular in Punjab province today. All the people of Punjab province say that they are willing to apply for the 15 lakh loan scheme provided by the Punjab government and they are trying their best to get a 15 lakh loan from the Punjab government.
Seeing the popularity of the 15 lakh loan scheme among the people, the Punjab government has decided that they will continue this program and try to ensure that all the people of Punjab can have their own private houses. If you also want to get an interest-free loan of 15 lakh rupees to build your house with the help of the 15 lakh loan scheme from the government of Punjab, then you will be interested in applying for the 15 lakh loan scheme.
Keeping your interest in mind, in this article we will tell you how you can register for your 15 lakh loan scheme and how the Punjab government will provide you with a loan of 15 lakh so give importance to the article according to the scheme.
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Main Mission of the ACAG Scheme
Chief Minister Punjab Maryam Nawaz Sharif says that the 15 lakh loan scheme is a strong effort of the Punjab government, which the Punjab government will make full efforts to complete. All those interested in this scheme and meeting the Punjab Government’s eligibility criteria will be provided with a mandatory 15 Lakh loan to start construction of their home.
Maryam Nawaz Sharif says that thanks to this scheme, she will give a loan of 15 lakh loan to all the people of Punjab for the construction of their own houses. This loan will be provided to every citizen who needs a basic facility like a house. Having your own home is a great blessing that is felt by those who do not have this blessing.
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As the ruler of a province, Chief Minister Punjab Maryam Nawaz Sharif wants to fulfill the wishes of the people of her province and ensure the supply of necessities like clothing, housing, and food to them.
Compulsory Documents for Registration
You also need some of your documents to apply for the 15 lakh loan scheme. The government of Punjab requests these documents from you for your verification. These documents are verified by various government sources like NADRA, FBR, and PHATA if your documents are considered original and correct then you will be provided a loan of 15 lakhs by the Government of Punjab.
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This proves how important your documents are to get a 15 lakh loan from the Punjab government. You have to provide your documents along with your original and correct information keeping in mind the same importance. A list of these compulsory documents is given below:
- A photo of the front side of your original CNIC.
- A photo of the backside of your original CNIC.
- Photo of regional documents of your property.
Remember:
It should be noted that you have to upload photos of your original documents and ensure that the photo you upload is legible clearly.
Stepwise Guide on ACAG Registration
Maryam Nawaz Sharif has launched a portal to apply for the Apni Chhat Apna Ghar Scheme through which you can complete your registration and get a loan of 15 lakhs from the Punjab government. The procedure of registration in the ACAG scheme is explained below in detail.
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You can easily complete your registration by following the steps mentioned below:
- Make sure that whatever device you are using is connected to a valid internet connection and your system must have a search engine.
- Visit ACAG’s official website in your system search engine.
- Create your account using your CNIC number, phone number, email address, and password.
- Log in to the account using your CNIC and password.
- You will be shown some terms and conditions, read these terms and conditions carefully, and agree to them by checking the terms and conditions.
- The general information box will show in front of you in which you have to upload your profile information along with your educational information and your bank information along with one of your photos.
- After providing your information, read the information carefully once so that there is no possibility of any mistake.
- Upload your required documents mentioned above.
- Finally, you will be asked for your remarks. Give your remarks (giving remarks is not mandatory, if you want to leave it, you can leave it) and click on the “Submit” button.
Update About Balloting Results
After submitting your application, the balloting result will be arranged on the date fixed by the Punjab Government. A few lucky people will be selected from among all those who have applied to the ACAG scheme. This selection will be done according to the district-wise quota, if your name is among the lucky ones whose name is mentioned in the balloting result, then you will be provided with the first installment of a 15 lakh loan from the Punjab government.
As soon as you get the first installment, you can start building your house. As soon as you build your house, the Punjab government will provide you with an installment of 15 lakh loan scheme. It should be remembered that this loan is being provided to you on an interest-free loan, which you will have to repay by paying Rs 14,500 per month to the Punjab government in easy installments of 7 years.
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Frequently Ask Questions (FAQs)
What is the 15 Lakh Loan Scheme?
The 15 Lakh Loan Scheme is an interest-free loan program by the Punjab Government to help people build their own houses.
Is the loan interest-free?
Yes, the loan is provided interest-free.
What documents are required for the 15 Lakh Loan Scheme?
You need to upload your CNIC (front and back) and property documents for verification.
How do I apply for the loan?
Apply online by creating an account on the ACAG portal, uploading your documents, and submitting the form.
How are applicants selected?
Selection is done through a balloting process based on a district-wise quota.
What is the loan repayment plan?
The loan is repaid in installments of Rs 14,500 per month over 7 years.
Recap of 15 Lakh Loan Scheme
The 15 Lakh Loan Scheme introduced by the Government of Punjab provides a significant opportunity for citizens of Punjab to build their own homes through an interest-free loan of 15 lakh rupees. The application process is simple and requires basic documentation like CNIC front-side photo, backside photo, and property documents.
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You can register through an ACAG online portal introduced by the Punjab IT Board. Selection is made via a district-wise quota through balloting results. This loan is an interest-free loan that can be repaid over 7 years by paying 14500 rupees every month.