Sat. Dec 7th, 2024
Public Feedback and Common FAQs on the ACAG 15 Lakh Loan

Apni Chat Apna Ghar Programme ACAG

Public Feedback FAQs ACAG Chief Minister of Punjab has launched ACAG program for the poor people of Punjab. Apply now for Rs 1.5 Million Loan Scheme and get interest free loan of Rs 15 Million in installments from Government of Punjab for house construction. This loan will be given in installments and it is your responsibility to repay this loan in installments to Government of Punjab before due date of amiable date.

These are payable installments over about 5 years where you will have to pay the monthly installment amount of Rs 14,500 to the Punjab Government. In case of default or misconduct in payment of the installments, the Punjab Government keeps all rights in its hands to take legal action against you. Also, there will be no next installment; hence ensure on time payment of your respective monthly installments Public Feedback FAQs ACAG.

Maryam Nawaz Loan Scheme offers Rs 15 million as per the allocation of the districts. The Punjab government is giving the first Rs 15 million loans to make a house. Once you get the first installment, then you can start making your house. Also, the Punjab government is offering an option in which it will also take care of your taxes required to build the house.

Well, in this article we will tell you in detail what people think about the ACAG program and what are the questions they are always asking. So, take an interest in the article.

Also read: The reason for the missing last payment of the BISP program has come to light

Public feedback on ACAG’s Rs 1.5 million loan scheme

ACAG’s loan program to the tune of Rs 15 million is being widely propagated in Punjab. According to people of Punjab, they have gained maximum benefits through this program. Anyone will hope to own his or her home as this is the deepest desire of everyone. Punjab Chief Minister Maryam Nawaz Sharif wants to fulfill this most profound desire of the people of Punjab through this program Public Feedback FAQs ACAG.

Punjab people said that they are trying their best to somehow get themselves enrolled in the Rs 15 million loan scheme so that they too can get a loan of Rs 1.5 million to build their houses. The best thing about this loan is that it is an interest-free loan and there is an option to repay this loan in instalments to the Punjab government.

The installment payment system, well planned according to the poverty rate, was very much liked by the people of Punjab, but it was accessible to the middle class too.

There is now growing voices asking the quota set to be too low and asking for the Punjab government to raise it so more can benefit from this program. People of Punjab are more than confident that the Punjab government will not play with this vote. Vote will be held in the public and will be chaired by the Chief Minister Punjab Maryam Nawaz Sharif.

Frequently Asked Questions about ACAG

What is the ACAG Program?

ACAG is a scheme initiated by the Government of Punjab to facilitate the poor people of Punjab by granting them an interest-free loan of Rs 1.5 million for house construction.

How do I apply for the Rs 1.5 million loan program?

Apply to receive interest-free loan of Rs 1.5 million. This loan is offered in installments and it has to be repaid in monthly installments, subject to the laws governing the tenure to 5 years.

Installment amounts and repayment period

I have to repay the loan within 5 years. I pay Rs 14,500 every month as an installment to the Punjab Government.

What happens if I make delayed or default payments?

If you delay payments or commit fraud, the Punjab Government has all rights to take legal actions against you. Besides that, if you fail to pay your previous loan, you lose your chance for getting further installments on the loan.

Will the Punjab Government incur any extra house construction expenses?

Yes, under this scheme, the Punjab Government also pays for the taxes that will be needed in constructing your house.

Does this loan have a district allocation?

Yes, the loan will be allocated based on district allocation. h. Some counties may have different allocations for borrowers.

How long after obtaining the loan can one begin building his house?

You can start building as soon as you get your first loan.

What legal steps can the government take in case of non-payment or fraud?

The Punjab government can take legal action under Pakistani law against someone who delays or defaults in payment of installments or commits fraud.

Also read: 8171 Ehsaas Program 25000 BISP New Registration Start October 2024

Registration Process for Maryam Nawaz Loan Programme

If you, too, want to register for Maryam Nawaz Loan Programme, go ahead and follow these steps:

 

  • Now, visit the official website of ACAG and register your account by using the CNIC number, phone number, email address, password, and the address.
  • Log in to your account with the help of your CNIC number or password.
  • You will be presented with a page containing “Terms and Conditions”.
  • Read them and click on “Continue” now.
  • You’ll be required to input some general information like your personal information, information about your bank, and upload a fresh photograph of yourself.
  • Once you have filled in all the correct information and clicked the “Save and Continue” button, you then have to upload pictures of your documents.
  • Photos of the documents you will need to display including a photo of your CNIC on the front, and a photo of the CNIC on the back and photos of your belongings.
  • Note that you should always upload clear, clean pictures of your documents which are readable;
  • Finally give your feedback and “Submit” your application.

Sammry

It implemented a 1.5 million rupee loan program. It was decided that 1.5 million rupee loans will be issued to the homeless families of Punjab for constructing houses. Punjab Chief Minister Maryam Nawaz Sharif desires that every citizen of Punjab should have his own house. That is why Maryam Nawaz Sharif initiated the ACAG program.

Under this scheme, you can repay the loan by paying monthly installments of Rs 14,500 to the Punjab Government for five years. If the installment is not paid on time, the Punjab Government has all the rights to move to a court against you according to the laws of Pakistan. The loan will be provided according to district quota. Punjab provincial level, this program is being promoted thoroughly and all are trying to get enrolled in the ACAG program.

The people of Punjab appreciate the installation system provided by the Punjab Government since it shows characters which reflect the standards of the state. If you haven’t yet done your registration, try and complete it today through the portal provided by Punjab Government. Fill in all the information that you are asked to put there and confirm your registration.

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