Last Updated on: 3rd May 2024, 08:13 pm
Maryam Nawaz Sharif, Chief Minister of Punjab, has launched the Chief Minister Roshan Gharana Scheme, aiming to distribute 50,000 solar systems across the province. The initiative was introduced during a review meeting led by the Chief Minister, emphasizing solar home solutions.
Introduction to the Roshan Gharana Scheme:
The Chief Minister Roshan Gharana Scheme in Punjab allocates Rs 12.6 billion to provide solar systems to 50,000 consumers. Phase I focuses on consumers using up to 100 units of electricity monthly, distributing systems through a balloting process. The package includes solar panels, inverters, batteries, and accessories.
Important Points of the Roshan Gharana Program:
The program provides financing options for property-related needs like purchasing, building, renovating, and acquiring land. Participants can enjoy equal monthly installment plans with flexible financing periods ranging from 3 to 25 years. High financing limits are available, covering up to 85% of property value for purchase and construction, and up to 30% for renovation.
Here’s How to Apply for Punjab Motorcycle Scheme: Step-by-Step Guide
Eligibility Criteria for Gharana Scheme:
- Salaried individuals eligible for a Non-Resident RDA account must hold a valid NICOP, be aged between 20 and 60 (or the retirement age, if lower), and have a minimum of two years of continuous employment.
- Individuals who are not employed on a salary basis may be eligible for certain benefits if they meet the following criteria: they hold a Non-Resident RDA account, possess a valid NICOP, are aged between 20 and 65 years, and have been operating a business continuously for at least two years.
Registration Method for the Roshan Gharana Program:
The Roshan Gharana Program application process involves three steps:
- Fill out the form by clicking on the ‘Apply Now’ button and providing the requested information.
- Prepare all required documents based on the checklist provided for both salaried and non-salaried individuals.
- Submit the application after ensuring all documents are ready.
Documents Required:
This checklist outlines the required documents for obtaining regular housing finance:
| Main Applicant (Non-Resident Pakistani) | Co-Applicant (Resident Pakistani) | Co-Financee (Non-Resident Pakistani) |
|---|---|---|
| Passport-sized colored photographs of applicant and co-applicant(s) | Copy of CNIC | Passport-sized colored photograph of co-applicant |
| Applicant’s copy of NICOP | Copy of Passport | Applicant’s copy of NICOP |
| Bank Statement – last 3 months | Copy of Visa / Work permit / Residence Permit | Copy of Passport |
| Last 3-month salary slip (for salaried individuals) | Bank Statement – last 12 months | Copy of Visa / Work permit / Residence Permit |
| Employer’s Certificate / Employment Contract | Credit Bureau Report of Stay Country | Bank Statement – last 12 months |
| Copies of the last two years’ tax documents | – | Credit Bureau Report of Stay Country |
| Proof of allotment, transfer, and/or Title Document of the property | – | Credit Bureau Report of stay country |
Procedure to Apply for the Roshan Gharana Program 2024:
Applicants for the program must submit their email address, desired finance amount, city for home finance, source of income, customer name, and contact number.
Check Eligibility and Property Value:
The program is open to both salaried and non-salaried individuals who meet the eligibility criteria. While there’s no minimum income requirement, the program maintains a maximum Debt Burden Ratio (DBR) of 50%. Financing can cover up to 85% of the property value for purchasing or construction purposes.
Check also, List of Punjab Cities Eligible to Apply for the Motorcycle Scheme in Phase 1
Final Thoughts:
The ‘Roshan Gharana Scheme’ offers Punjab residents a chance to embrace clean energy and obtain financing for housing with flexible terms and a transparent process. It aims to advance technology and promises a brighter future for homeowners. Register now to start your journey towards sustainability and prosperity!