Chief Minister of Punjab Maryam Nawaz Sharif has announced the launch of the Chief Minister Roshan Gharana Program, aimed at providing 50,000 solar systems across Punjab. This initiative was unveiled during a review meeting chaired by the Chief Minister, focusing on Solar home solutions. Here’s all you need to know about this groundbreaking program:
Overview of the Roshan Gharana Scheme
With a budgetary outlay of Rs 12.6 billion, the Chief Minister Roshan Gharana Scheme targets to provide solar systems to 50,000 protected consumers in Punjab. These systems will be allocated through balloting in Phase I, primarily targeting consumers utilizing up to 100 units monthly. The solar system package includes advanced solar plates, inverters, batteries, and other necessary accessories.
Key Features of Roshan Gharana Program
- Financing Options: The program offers financing options for various purposes including property purchase, construction, renovation, and land acquisition.
- Equal Monthly Installments: Participants will benefit from equal monthly installment plans.
- Flexible Financing Tenure: Financing tenure ranges from 3 to 25 years.
- High Financing Limits: Financing is available for up to 85% of the property value for purchase and construction, and up to 30% for renovation.
Eligibility Criteria
Salaried Individuals
- Non-Resident RDA account holder
- Valid NICOP holder
- Age between 20 and 60 years (or retirement age, whichever is lower)
- Minimum two years of continuous employment
Non-Salaried Individuals
- Non-Resident RDA account holder
- Valid NICOP holder
- Age between 20 and 65 years
- Minimum two years of continuous business operation
Also Read: Step-by-Step Guide for Punjab Motorcycle Scheme Registration
Registration Form for the Roshan Gharana Program
To apply for the Roshan Gharana Program, interested individuals need to follow these steps:
- Fill in the Form: Simply click on the ‘Apply Now’ button and fill in the required details.
- Provide Necessary Documents: Ensure you have all the required documents ready. Refer to the documents checklist for both salaried and non-salaried individuals.
- Submit Application: Once all documents are ready, submit your application.
Required Documents Checklist
Here’s a checklist of documents required for 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 |
How to Apply for the Roshan Gharana Program 2024?
To apply for the Roshan Gharana Program, you need to provide the following details:
- Email Address
- The required amount of Finance
- City in which Home Finance is required
- Applicant’s source of income
- Name of Customer
- Contact Number
Who is eligible for the Roshan Gharana Program?
Both salaried and non-salaried individuals meeting the specified criteria are eligible.
Is there a minimum income requirement for applicants?
No, there is no minimum income requirement; however, a maximum of 50% Debt Burden Ratio (DBR) will be maintained.
What is the maximum property value covered under the scheme?
The financing covers up to 85% of the property value for purchase and construction purposes.
Conclusion
The ‘Roshan Gharana Program’ offers an excellent opportunity for individuals in Punjab to embrace clean energy and secure financing for their housing needs. With its flexible terms, transparent process, and commitment to technological advancement, this program promises a brighter future for homeowners. Register now and take the first step towards a sustainable and prosperous tomorrow!