IJSBANK

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.
  1. For Economicaly weaker Section(EWS) & Low Income Group(LIG)
    • Up to Rs. 6 Lacs.
    • Subsidy 6.50%
    • Subsidy amount upto Rs. 2,67,280
  2. 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.
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