Pradhan Mantri Awas Yojana
Housing for all
- Pradhan Mantri Awas Yojana is a programme by Government of India to ensure Housing for all by 2022. Under this, there is a Credit Linked Subsidy Scheme on home loans for properties in urban market belonging to Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group 1 & 2 (MIG). It can be availed for new or resale purchase of home, construction, or for extension or improvement of rooms, kitchen, toilet etc.
- For Economicaly weaker Section(EWS) & Low Income Group(LIG)
- Up to Rs. 6 Lacs.
- Subsidy 6.50%
- Subsidy amount upto Rs. 2,67,280
- For Middle Income Group(MIG):
-
- Up to Rs. 12 Lacs – Rs. 18 Lacs.
- Subsidy 4.00% – 3.00%
- Subsidy amount upto Rs. 2,35,068 – Rs. 2,30,156
- The applicant or its dependents should be a first time home buyer and should not own a pucca property at the time of availing the scheme.
- Banks other terms and conditions will be applicable.
