Maryam Nawaz Housing Scheme
Maryam Nawaz Housing Scheme has been launched by the Punjab Government, through which families in Punjab who do not have a house to live in are being provided with interest-free loans by the Punjab Government for the construction of houses.
The purpose of launching this scheme is for families in Punjab province who cannot build their own houses due to lack of capital, the Punjab Government provides a loan of 15 lakh rupees to such people so that they can build their own houses. If you also do not have the capital to build a personal house but have five marlas urban or 10 marlas rural land, then you can get a loan of 15 lakh rupees from the Punjab Government and build your house on your land.
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In today’s article, we will tell you how you can apply for the Maryam Nawaz Housing Scheme and how the Punjab Government will give you a loan of 15 lakh rupees, with which you can start the construction of your house.
Key Benefits of the Maryam Nawaz Housing Scheme
- Interest-free home construction financing.
- Affordable payment plan with easy installments.
- Government-backed scheme, ensuring transparency and security.
- Opportunity for low-income families to build their own homes.
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Eligibility Criteria for Maryam Nawaz Housing Scheme
To qualify for the Maryam Nawaz Housing Scheme, applicants must meet the following requirements:
- Must be a permanent resident of Punjab.
- Must own at least 5 marlas of urban land or 10 marlas of rural land.
- Must be a Pakistani citizen.
- Should not have been involved in criminal activities.
- Must not have previously taken a loan from any other government scheme.
- Must be the head of the family.
If you fulfill all these requirements, you are eligible to apply for the Punjab Government’s housing loan.
Step-by-Step Registration Process of Maryam Nawaz Housing Scheme
The Punjab Government has introduced the ACAG portal for online registration. Follow these steps to apply:
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Step 1: Create an Account on the ACAG Portal
- Visit the official ACAG portal (acag punjab gov pk).
- Enter your CNIC number, phone number, email address, and password.
- Click on the Register button.
Step 2: Log In to Your Account
Use your CNIC and password to log in.
Step 3: Upload Required Documents
- CNIC (Computerized National Identity Card)
- Property Ownership Documents (Ensure they are clear and legible).
Step 4: Submit the Application
- Provide additional information if required.
- Enter your feedback (Optional).
- Click on Submit to complete your registration.
Once submitted, your application will be reviewed, and you will be registered for the scheme.
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Loan Details and Repayment Plan
The Punjab Government provides a loan of 15 lakh rupees (15 lakh) under this scheme. Here are the key repayment details:
- Interest-Free Loan: No additional interest will be charged on the amount.
- Easy Monthly Installments: The loan can be repaid in monthly installments of Rs 14,000.
- Repayment Duration: The total duration for repayment is seven years
- Late Payment Charges: If you fail to pay the installment on time, late charges will apply as per the bank’s policy.
To avoid penalties, ensure that you make timely payments to the Punjab Government.
Approval and Loan Disbursement Process
After registration, the Punjab government will conduct a district-wise lottery system to select eligible applicants. If your name is selected in the balloting, you will get an interest-free loan of 15 lakh rupees for the construction of a house. The loan amount will be provided in installments according to the construction progress.
Frequently Ask Questions (FAQs)
What is the Maryam Nawaz Housing Scheme?
The Maryam Nawaz Housing Scheme provides interest-free loans of 15 lakh rupees to eligible families in Punjab for house construction.
Who is eligible for this scheme?
Applicants must be permanent residents of Punjab, own 5 marlas (urban) or 10 marlas (rural) land, be Pakistani citizens, and be the head of the family.
How can I apply for the Maryam Nawaz Housing Scheme?
You can apply online through the ACAG portal by registering with your CNIC, phone number, and email, then submitting the required documents.
What documents are required for registration?
You need your CNIC and property ownership documents to apply.
Is the loan completely interest-free?
Yes, the loan of 15 lakh rupees is interest-free.
How will the loan be repaid?
You need to pay monthly installments of Rs. 14,000 over seven years.
What happens if I miss an installment?
Late payment charges will apply as per the bank’s policy.
How will the beneficiaries be selected?
The Punjab Government will conduct a district-wise lottery to select eligible applicants.
When will the loan amount be disbursed?
The loan will be provided in installments based on the construction progress of your house.
Can I apply if I have taken a loan from another government scheme?
No, applicants who have previously taken a government loan are not eligible.
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Final Thoughts
The Maryam Nawaz Housing Scheme is a golden opportunity for families in Punjab who want to build their own homes but lack financial resources. By providing an interest-free loan of 15 lakh rupees, the Punjab government is ensuring that deserving citizens can fulfill their dream of home ownership.