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

  How to the Get Subsidy on a 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 a originality of the Government of India which expostulate at the condition reduction containing to the municipality poor by the time 2022. The scheme was the first establish on a 1 June 2015. The delight rate for the PMAY scheme starts at THE 6.50 sire and can be benefit for a term of the over to 20years.The last date for a benefit the PMAY CLSS scheme for the LIG and EWS group has been develop to a 31 March 2022. 

Features and Benefits of PMAY Scheme


    • Below the PMAY Scheme, subvention interest rate is condition at the 6.50 sire on containing loan for the time of 20 times to all the receiver. 
    • Collectively disabled and elder citizens will be the given above in allocation of the ground bottoms. 
    • Supportable and eco-friendly robotization would be the apply for construction.
    • The scheme covers up full municipality areas in the country which hold 4041 approved megalopolises with the first preference given to the 500 Class I megalopolises. This will be the done in a 3 phase. 
    • The credit join subsidy point of the PM Awas Yojana gets appeal  in India in all accept megalopolises from the early stages it 


                  Pradhan Mantri Awas Yojana Beneficiaries


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


                  Beneficiary                                             Annual Income

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

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

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

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


                  In addition to these, people effect to the SC, ST, and OBC group and women goods to EWS and the 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 covering need of the collaborative poor. The scheme also provision to the containing demand of slum residers inhabit in small areas of slums with poor structure, poor sanitation and drinking installations. 


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

                   

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

                   

                  In order to be allow as a LIG or EWS beneficiary below the Scheme, the seeker is a demanded to the conform  an a affidavit as a income proof to the authority. 


                  Type of PMAY Scheme


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

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

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

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

                        PMAY Interest Subsidy


                        Details     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 stereotype the process of copping a home for the collaborative poor and sickly sections of society around EMIs at proper rates of interest. The rate of the interest is a around much lower than a 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 preceding point a http//pmaymis.gov.in/EMI_Calculator. aspx 


                        • The total loan quantum in rupees 
                        • The rate of interest 
                        •  The total loan period in months 


                            One time the follow point are agree, click on the‘ Calculate’ option. This will be present you the yearly appointment  or EMI outstanding in the rupees. 


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