Maryam Nawaz Loan Scheme- Get 15 Lakh loan From ACAG

Maryam Nawaz Loan Scheme

Punjab Chief Minister Maryam Nawaz Sharif has announced the Maryam Nawaz Loan Scheme, under which interest-free loans of up to Rs 1.5 million will be provided to about 70,000 deserving families in Punjab. The loan will be provided through the “Apni Chhat Apna Ghar” scheme, which aims to help low-income families build their own homes. Applicants can register for the scheme by visiting the web portal http://acag.punjab.gov.pk. During registration, they will have to provide their identity card, property documents, income details, and other necessary information.

This scheme is specifically for those families who own their own land but cannot build a house due to lack of financial resources. The loan will be repaid in monthly installments of Rs 14,000 over seven years, while the initial three installments will be waived. The eligibility of applicants will be determined through the Punjab government’s Dynamic Survey System to ensure that only deserving families are provided with this facility.

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Key Details of the Maryam Nawaz Loan Scheme

The Maryam Nawaz Loan Scheme provides a substantial financial benefit to eligible applicants, helping them construct a safe and stable home. Here are the primary details of the scheme:

• This loan scheme will provide 15 lakh rupees to eligible families, helping them begin construction on their property.
• One of the greatest or main advantages of this loan is that it’s interest-free. Borrowers only need to repay the principal amount, easing the financial burden.
• The repayment period extends over seven years, with manageable monthly installments set at 14,000 rupees. Notably, the first three installments are waived, offering recipients additional breathing room during the initial months.
• The primary goal is to help those families in Punjab achieve homeownership, thereby contributing to long-term stability and better living conditions.

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Step-by-Step Application Process for the Loan Scheme

If you are interested in getting a 15 lakh interest-free loan under the Maryam Nawaz Loan Scheme, you must register with the Apni Chhat Apna Ghar scheme. The Punjab Government has simplified the application process, allowing all the people of Punjab to complete registration easily through the Apni Chhat Apna Ghar Scheme portal at http://acag.punjab.gov.pk. You can follow these steps to complete your registration in the scheme:

1. Collect Required Documents: Have your CNIC, property information, phone number, email address, and other important details.
2. Find the ACAG Portal in Browser: Find and go to the Apni Chhat Apna Ghar Scheme official website (http://acag.punjab.gov.pk).
3. Create an Account in Portal: If you’re a new user then you’ll need to create an account. You can provide your CNIC, phone number, password, email address, and home address to register in the portal easily.
4. Login into Account: After account creation, log in to account by using your CNIC number and password.
5. Accept Terms and Conditions: You’ll be prompted with the terms and conditions of the loan scheme. Review and accept them.
6. Fill Out the Application Form: A form will appear where you need to enter important information like name, surname, property information, CNIC, phone number, address, and email address. Also, upload a passport-sized photo.
7. Verify Your Information: Review the provided details to make sure that you will provide accurate information..
8. Upload CNIC and Property Proof: Upload both the front and back sides of your CNIC and any required property documentation.
9. Submit Feedback: Enter any feedback as prompted, then submit your application.

Once submitted, the Punjab Government will verify your eligibility. If approved, the loan disbursement will follow on the scheduled date.

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How to Check Eligibility for the Loan

To confirm eligibility for the Maryam Nawaz Loan Scheme, you can follow these steps to check eligibility:

1. First of all, visit the ACAG Portal http://acag.punjab.gov.pk.
2. You can use your CNIC number and password to log in to your account.
3. After logging in, you’ll see whether your application is pending or approved.
4. The government of Punjab has published a list of approved applicants on the portal. You can check if your name is on this list to confirm your approval status.

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Required Documents for the Loan

For successful verification, you’ll need to provide some important documents. These documents are required by the Punjab Government to ensure your eligibility, ensuring that deserving people will receive financial aid. These important documents are explained in detail:

• National Identity Card that was Issued and approved by the Government of Pakistan.
• Monthly income details to verify your eligibility.
• You can provide relevant property ownership documents.

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Eligibility Criteria for the Loan Scheme

To qualify for the Maryam Nawaz Loan Scheme and secure the 15 lakh interest-free loan, applicants must meet the following criteria:

1. People must be permanent residents of Punjab.
2. Ownership of at least 5 marlas of land in urban areas or 10 marlas in rural areas is required.
3. The applicant and their immediate family should not currently own any house.
4. This scheme targeted low-income families who cannot afford to build their own homes.
5. The Punjab Government will verify your eligibility through its dynamic survey system to make sure that the loan reaches those who need it most.

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Frequently Asked Questions

Who can apply for the Maryam Nawaz Loan Scheme?
Permanent residents of Punjab who meet the eligibility criteria, including the specific land ownership and income requirements, can apply.

What is the loan amount?
The loan amount provided under the scheme is 15 lakh rupees, interest-free, and repayable over a seven-year period.

How can I repay the loan?

Repayment is spread over seven years in monthly installments of 14,000 rupees. The first three installments are waived for added convenience.

What documents are required for the loan application?

Applicants need to submit their CNIC, property documents, income proof, and a passport-sized photograph.

Is there a deadline for applying?
Yes, the application deadline is approaching. It’s advisable to check the ACAG portal for exact dates.

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Final Thoughts

The Maryam Nawaz Loan Scheme provides a generous loan of 15 lakh rupees to around 70,000 families in Punjab, by helping them in their journey to construct their own homes. Interested applicants can register through the Apni Chhat Apna Ghar Scheme portal at http://acag.punjab.gov.pk, where they can complete the registration by providing some important information and documents.

By successfully applying and registering for the Apni Chhat Apna Ghar Scheme, eligible families in Punjab will gain access to this interest-free loan, enabling them to secure a stable home and a brighter future. This initiative by CM Maryam Nawaz reflects the Punjab Government’s commitment to enhancing the quality of life for its citizens by promoting homeownership and improving living conditions for low-income families

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