Maryam Nawaz Loan Scheme
Registration for the Maryam Nawaz Loan Scheme Phase 2 is still ongoing. Those who did not register in Phase 1 can now register in Phase 2 and get an interest-free loan of Rs 15 lakh from the Punjab government. The loan provided through the Maryam Nawaz Sharif Loan Scheme is interest-free and you have to repay this loan to the Punjab government within a specific period.
In this article, we will provide you with the latest information about the eligibility criteria for the Maryam Nawaz Loan Scheme, the benefits of the Maryam Nawaz Loan Scheme, the procedure for applying for the Maryam Nawaz Loan Scheme Phase 2, so read the article from beginning to end.
Latest News About the Maryam Nawaz Loan Scheme
The Punjab government has provided the first installment of a loan of Rs 15 lakh to the families who registered in Phase 1 of the Apni Chhat Apna Ghar Scheme launched by Punjab Chief Minister Maryam Nawaz Sharif and these people have started the construction of their houses. Maryam Nawaz Sharif says that as soon as those people start building their houses, the Punjab government will provide them with a loan installment of Rs 15 lakh.
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The latest information about the Maryam Nawaz loan scheme is that Maryam Nawaz Sharif has started phase 2 of the Apni Chhat Apna Ghar Scan and those who were not able to complete their registration in phase 1 can now register in phase 2 and get a loan of Rs 15 lakh from the Punjab government.
The Chief Minister of Punjab says that she will close the registration of the Maryam Nawaz loan scheme phase 2 very soon, so those who want to apply for the Maryam Nawaz loan scheme should make sure to apply for the Apni Chhat Apna Ghar scheme as soon as possible.
Advantages of the Maryam Nawaz Loan Scheme
The biggest advantage of the Maryam Nawaz loan scheme is that this scheme is being provided on an interest-free loan, which you can repay to the Punjab government in seven easy installments of Rs 14,500 every month. For your convenience, Maryam Nawaz Sharif has made this installment very easy so that you do not have to face financial difficulties in completing the construction of your house.
It should be remembered that you can use this loan of Rs 15 lakh only for the construction of your house. If you use this loan for any other purpose, the Punjab government reserves the right to take legal action against you. Through the Maryam Nawaz 15 lakh loan scheme, Maryam Nawaz Sharif will ensure that every family in the province of Punjab has its own personal home because having a personal home is a great blessing that is realized by those families who do not have their own.
Eligibility Criteria for the Maryam Nawaz Loan Scheme
If you also want to register in Maryam Nawaz 15 lakh loan scheme phase 2 launched by the Punjab government, then for this you will have to meet all the eligibility criteria mentioned below:
- You are the owner of five Marla urban land or 10 Marla rural land.
- You do not already have a house.
- You are a permanent resident of the province of Punjab.
- You have completed your PSER survey.
- You must be above 18 years of age.
- You must be married to get a loan of Rs 15 lakh.
- You have never been a part of criminal activity.
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How to Apply for Maryam Nawaz Loan Scheme
You are being told about easy steps to apply for the Rs 15 lakh loan scheme. You were told below that you can easily get a loan of Rs 15 lakh through the Maryam Nawaz Loan Scheme by following the steps:
- To apply for the Maryam Nawaz Loan Scheme, first make sure that you have completed your PSER survey.
- After completing the PSER survey, visit the official website of Apni Chhat Apna Ghar Scheme (acag punjab gov pk)
- Create your new account using your CNIC phone number address etc.
- Log in to your account using CNIC and password.
- Agree to the Terms and Conditions provided.
- In the form given to you, you have to provide your personal information including your name, identity card number, address, phone number, your photo, etc.
- Upload a photo of the front and back side of your identity card and property documents.
- Finally, inform the Punjab government of your opinion and submit your application.
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Frequently Ask Questions (FAQs)
What is the Maryam Nawaz Loan Scheme Phase 2?
It is an interest-free loan program by the Punjab government that provides Rs 15 lakh to eligible families for constructing their homes.
Who can apply for a loan under this scheme?
Eligible applicants must be married residents of Punjab, own specific land, have completed the PSER survey, and not own a house.
What are the benefits of the Maryam Nawaz Loan Scheme?
The scheme offers an interest-free loan repayable in seven years through easy monthly installments of Rs 14,500, specifically for house construction.
How can I apply for the Maryam Nawaz Loan Scheme Phase 2?
You must complete the PSER survey, register on the official website, and upload the required documents such as your CNIC and property papers to submit your application.
Can I use the loan amount for purposes other than house construction?
No, the loan is strictly for house construction. Misusing it may result in legal action by the Punjab government.
What happens if the number of applicants exceeds the program’s capacity?
If applications exceed the limit, the Punjab government will distribute the loans through balloting.
What documents are required to apply for the scheme?
You need your CNIC, property documents, and a completed PSER survey to apply.
What is the repayment process for the loan?
The loan must be repaid in 84 easy monthly installments of Rs 14,500 over seven years.
Summary
Registration has started in the Maryam Nawaz Loan Scheme Phase 2. Those who did not register in Phase 1 should register in Phase 2 as soon as possible and get an interest-free loan of Rs 15 lakh from the Punjab government. It is worth remembering that this loan is being provided for the construction of your own house, which you will have to repay to the Punjab government by paying Rs 14,500 every month in easy installments for 7 years.
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Maryam Nawaz Sharif says that if the Punjab government receives more applications than the specified limit in this scheme, the Punjab government will provide the first installment of a loan of Rs 15 lakh to the families through balloting. To register for the Apni Chhat Apna Ghar Scheme, it is necessary to complete the PSER survey.
After completing the PSER survey, you have to visit the official website of the Apni Chhat Apna Ghar Scheme. There you have to upload your required documents and information. After providing all the information correctly and comprehensively, you will be successfully registered in the Apni Chhat Apna Ghar Scheme.