1st Qist For the Apna Ghar Scheme
The Government of Punjab has commenced the distribution of the first installment, or “Qist,” under the Apna Ghar Apni Chat (AGAC) Scheme. This initiative, aimed at facilitating affordable housing, has transferred funds directly into the accounts of registered recipients. Over 850 eligible applicants have already received their first installment, allowing them to start constructing their homes. This installment distribution marks a major milestone for the 1st Qist For the Apna Ghar Scheme, which has allocated over 60 crore rupees across Punjab to support housing development.
AGAC Program’s 1st Qist
- Initiation of Payment: The Punjab government has begun the disbursement of the first Qist to eligible applicants, as promised by Maryam Nawaz. The initial distribution includes a 14 lakh rupee loan for each qualifying applicant, deposited in their respective accounts. Applicants can verify their payment status by visiting their nearest Bank of Punjab (BOP) branch.
- E-Balloting Process: The first list of beneficiaries was determined through an e-balloting process, ensuring transparency in selecting recipients. Those who haven’t checked the balloting results can visit the designated platform to confirm their eligibility status.
- Financial Support Details:
- Loan Amount: Rs 14 lakh per applicant for housing construction.
- Total Disbursement: Over 60 crore rupees distributed to eligible beneficiaries, supporting a significant number of applicants.
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Eligibility Criteria
At the 15th Cabinet Meeting, Chief Minister of Punjab provided insights into the eligibility requirements for the AGAC Scheme, segmented by area:
- Rural Areas:
- Loan Amount: Up to PKR 1.5 million.
- Property Size: Up to 10 marlas.
- Repayment: Monthly installments of PKR 14,000.
- Urban Areas:
- Loan Amount: Up to PKR 1.5 million.
- Property Size: Up to 5 marlas.
- Repayment: Monthly installments of PKR 14,000.
- Major Cities:
- Apartment Housing: Four-story apartments built on government land, with allotment through a lottery system.
- Payment: Affordable monthly installments, tailored for urban housing.
Solution For Beneficiaries Facing Difficulty In Receiving Payment!
Completion of Verification and Payment Disbursement Process
The verification process for the AGAC Scheme took place from August 21 to August 31, with thorough checks on each applicant’s eligibility. With the completion of this phase, funds were transferred to applicants’ accounts in the Bank of Punjab, matching the account details provided during registration.
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Conclusion
The disbursement of the AGAC Scheme’s first installment has empowered many families to embark on building their homes. With over 850 beneficiaries receiving funds already, others are encouraged to verify their payment status at BOP branches. The scheme has provided significant financial support to eligible recipients, promoting sustainable housing development in Punjab.
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FAQs
How can I check my payment status under the AGAC Scheme?
You can check your payment status by visiting your nearest Bank of Punjab (BOP) branch.
What loan amount is provided under the AGAC Scheme?
Eligible applicants receive a loan of up to PKR 1.5 million.
What are the monthly installment terms?
The loan is repayable in monthly installments of PKR 14,000.
Are there different criteria for rural and urban applicants?
Yes, rural applicants can build up to 10 marlas homes, while urban applicants are limited to 5 marlas.