how to apply for pradhan mantri awas yojana

The Prime Minister's Awas Yojana (PMAY Scheme Eligibility) is a scheme launched by the Central Government with the objective of building 2 crore houses for low-income families, middle-income and economically backward sections by 2022. The scheme will also benefit women in India. The Prime Minister launched the Awas Yojana for neglected groups, primarily tribals and adivasis. According to the PMAY Rules (PMAY Rules), people belonging to these categories get affordable housing in urban areas.

PMAY scheme objective

The Prime Minister's Awas Yojana focuses on four areas:

1. Construction and improvement of houses under the leadership of legal persons

2. Promoting affordable housing for the weaker sections through credit linked subsidy

3. Rehabilitation of existing slum dwellers with land as a resource and private sector participation

4. Construction of affordable housing with the help of private and government funds

PMAY: Rs 9,000 crore for AP under PMAY (Urban) .. Center answers MP Parimal Natwani's question

PMYA scheme features

People can get home loan as part of this scheme. The Government of India offers interest relief on home loans.

The subsidized interest rate on a home loan is 6.50% per annum. This interest subsidy offer is applicable to all beneficiaries for a loan term of 20 years.

Under PMAY CLSS subsidy Rs. Can save up to 2.5 lakhs

During the allocation of PMAY houses .. Senior citizens and persons with disabilities are given priority in allocating ground floors.

how to apply for pradhan mantri awas yojana

The scheme promotes the construction of houses in the name of women.

Sustainable, environmentally friendly technology is used for housing construction under the PMYA scheme. Houses are built with modern technology.

The scheme covers all urban areas of the country. The government has set a target of achieving the target in all three phases.

Credit Linked Subsidy under PM Awas Yojana is being implemented in all statutory cities in India.

The PMAY scheme involves a simple documentation process.

For those who are financially backward and low income earners, the interest rate offer is applicable on a maximum home loan of Rs. 6 lakhs. The interest rate subsidy is 6.5 per cent for 20 years.

For those coming under MIG-1 category in middle income group .. Up to a maximum of Rs.

For those belonging to MIG-2 category .. 3 per cent interest rate subsidy up to a maximum of 20 years on a maximum loan amount of 20 years.

PM Awas Yojana: With this scheme offered by Prime Minister Modi, the benefit of buying a flat is Rs 2.67 lakh.

Benefits of PM Awas Yojana

The Central Government has launched the Prime Minister's Awas Yojana or PMAY scheme for the general public. There are some schemes in place even before this housing scheme. However there are advantages like huge subsidy on home loans through PMAY, low interest rates. In addition it has some different features as well as additional benefits as compared to other housing schemes. Aventante

Pradhan Mantri Awas Yojana: Women benefit from the Pradhan Mantri Awas Yojana scheme

How much is the subsidy under the scheme? (PMAY Subsidy)

The biggest benefit that PMAY gives is the subsidy rate. Recently home loan interest rates have risen to more than 10%. This made it impossible for the common man to get these loans. However, the PMAY scheme subsidizes up to 6.5% per person. That means there will be a huge reduction in monthly installments. Previously the subsidy for other housing schemes was around 1%. Now it has grown massively. This subsidy will greatly benefit the lower middle class family.

how to apply for pradhan mantri awas yojana

Women, benefits of other backward classes

Widows, transgender people, the disabled, the low-income elderly and women can benefit from PMAY. Individuals belonging to Scheduled Castes and Scheduled Tribes can get houses under this scheme. Also senior citizens can get flats in the ground floor area for their convenience.

Target to provide homes for everyone

The government will build 2 crore houses in urban areas across the country as part of the Prime Minister's Awas Yojana. Maharashtra, West Bengal, Tamil Nadu and other states have already started construction work in some areas. Only 40% of the total population lives in urban areas and enjoys all the amenities. The big responsibility on the government is to build their own home for the rest of the urban population to enjoy their lives as well.

Country development goal

PMAY and other housing development schemes benefit not only the people but also the country. With the development of such large projects the country's real estate market and related industries will grow.

Other affordable housing schemes

Along with PMAY, the government has launched several other urban housing schemes. These schemes are of immense benefit to the people of backward classes as well as those below the poverty line. Applicants can avail Rs. Grant up to Rs 1 lakh can be obtained.

Prime Minister Awas Yojana Tax Benefits

The Government of India has decided to reduce the GST on all home loans applicable under the PMAY scheme from 12% to 8%.

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