Wed. May 22nd, 2024
Registration Started for 'Roshan Gharana SchemeRegistration Started for 'Roshan Gharana Scheme

Last Updated on: 3rd May 2024, 08:13 pm

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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:

  1. Fill out the form by clicking on the ‘Apply Now’ button and providing the requested information.
  2. Prepare all required documents based on the checklist provided for both salaried and non-salaried individuals.
  3. 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.

Eligibility Criteria for Gharana Scheme

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!

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