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Monday, April 11, 2022

How to Get Subsidy on own house|pradhan mantri awas yojana | Subsidy Providing Bank list]

How to Get Subsidy on own house|pradhan mantri awas yojana | Subsidy Providing Bank list]

Pradhan Mantri Awas Yojana (PMAY)

What is PMAY?

The Pradhan Mantri Awas Yojana (PMAY) is an originality of the Government of India which expostulate at condition reduction casing to the city poor by the time 2022. The scheme was first establish on 1 June 2015. The delight rate for the PMAY scheme starts at6.50 sire and can be benefit for a term of over to 20years.The last date for benefit the PMAY CLSS scheme for the LIG and EWS group has been expand to 31 March 2022..

Features and Benefits of PMAY Scheme

Below PMAY Scheme, subvention interest rate is condition at6.50 sire on casing loan for the time of 20 times to all the receiver.
Collectively disabled and elder citizens will be given above in allocation of ground bottoms.
Supportable and eco-friendly robotization would be apply for construction.
The scheme covers up full city areas in the country which contain 4041 approved municipalities with the first preference given to 500 Class I metropolises. This will be done in 3 phase.
The credit join subvention point of the PM Awas Yojana gets apply in India in all approved municipalities from the early stages it

Pradhan Mantri Awas Yojana Beneficiaries

The receiver below the PMAY scheme can be listed as follows:

Beneficiary Annual Income

Middle Income Group I (MIG I) Rs.6 lakh to Rs.12 lakh

Middle Income Group I (MIG II) Rs.12 lakh to Rs.18 lakh

Lower Income Group (LIG) Rs.3 lakh to Rs.6 lakh

Economically Weaker Section (EWS) Up to Rs.3 lakh

In addition to these, people effect to SC, ST, and OBC group and women effects to EWS and LIG income groups will also be allowed for the PMAY scheme.

Identification and Selection of Beneficiaries under PMAY

The Pradhan Mantri Awas Yojana-Town scheme provision substantially to the casing necessary of the civic poor. The scheme also provision to the casing demand of slum residers inhabit in small areas of slums with poor structure, poor sanitation and drinking installations.

Receiver of PMAY-U substantially involve Middle Income Groups (MIGs), Low- income Groups (LIGs) and Economically Weaker Section (EWS).

While the receiver from the EWS type is allowed for complete help below the scheme, receiver from LIG and LIG types are only allowed for the Credit Linked Subsidy Scheme (CLSS) below PMAY.

In order to be allow as a LIG or EWS receiver below the Scheme, the seeker is demanded to submit an affidavit as income evidence to the authority.

Type of PMAY Scheme

There are two member of the PMAY scheme which are divided on the base of the area on which they direct:

Important link

મધ્યમવર્ગીય પરિવારોનું 'ઘરના ઘર'નું સપનું થશે સાકાર 

1. Pradhan Mantri Awas Yojana Gramin-The Pradhan Mantri Awas Yojana – Gramin (PMAY-G) was formerly known as the Indira Awas Yojana and was name as PMAY-G in 2016. The scheme is aimed at the force of reduction and accessible casing units to allowed receiver in pastoral regions of India ( banning Chandigarh and Delhi). Below this scheme, the Government of India and the particular state governments partake the cost of development of casing volume in the rate of 6040 for plain regions and 9010 for North-Eastern and hilly regions.

2. Pradhan Mantri Awas Yojana Urban-The Pradhan Mantri Awas Yojana – Urban (PMAYU), as the name submit, is determined around the civic areas in India. At current, there municipalities and metropolises which are join under this scheme. The scheme is set to responsibility under three colorful stage

Stage 1 Under Phase 1, the government choose to cover 100 metropolises in several countries and UTs over the country from April 2015 to March 2017.
Stage 2 Under Phase 2, the government choose to cover 200 further metropolises in several countries and UTs over the country from April 2017 to March 2019.
Stage 3 Under Phase 3, the government choose to cover the metropolises which have been left out in Phase 1 and Phase 2 and attain the select by the end of March 2022.

PMAY Interest Subsidy

Particulars Interest Subsidy Maximum Loan for Subsidy

EWS 6.50% p.a. Rs.6 lakh

LIG 6.50% p.a. Rs.6 lakh

MIG -1 4.00% p.a. Rs.9 lakh

MIG-2 3.00% p.a. Rs.12 lakh

Pradhan Mantri Awas Yojana Subsidy Calculator

Pradhan Mantri Awas Yojana scheme thing to vulgarize the process of copping a home for the civic poor and sickly sections of society around EMIs at proper rates of interest. The rate of interest is around much lower than business rates, therefore offering people subsidised loans.

To calculate the EMI log on to the Pradhan Mantri Awas Yojana website and fill up in the following point http// aspx
The total loan quantum in rupees
The rate of interest
The total loan period in months

One time the following point are submitted, click on the‘ Calculate’ option. This will present you the yearly investiture or EMI outstanding in rupees.

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