pradhan mantri awas Yojana (Urban) is an iniative by Prime Minister Narendra Modi of India in which affordable housing will be provided to the urban poor. The government has identified 305 cities and towns have been identified in 9 states for beginning construction of houses for urban poor.
The central government recently announced that the benefit of interest subsidy of about Rs 2.60 lakh on home loans under Pradhan Mantri (PM) Awas Yojana (Urban) for middle income groups (MIG) has been extended by 15 months. After the extension, the benefit of Rs 2.6 lakh subsidy will be available till March 2019.
Under the Pradhan Mantri Awas Yojana (PMAY), you get a subsidy on the interest rate for your home loan. To get the subsidy, you and your family members (husband, wife and unmarried children.
pradhan mantri awas yojna – Avail Home Loan Under scheme. full Guideline on Home Loan Interest Subsidy under. We analyzed Modularhomeowners.com page load time and found that the first response time was 1.8 sec and then it took 3.3 sec to load all DOM resources and completely render a web page.
The PM Awas Yojana Credit Linked Subsidy Scheme provides subsidy on home loans for EWS and LIG categories under Pradhan Mantri Awas Yojana. The scheme was announced by our Honourable Prime Minister Narendra Modi and envisages the vision of housing for all by the year 2022.
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Government loan up to 6 Lac for the period of 15 years or less will be provided for affordable housing. In addition to subsidy amount you can also avail home loan with a lower interest rate under this scheme. The subsidized interest rate under this scheme is 6.5%.
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MUMBAI: The Centre has decided to extend the timeline for availing interest subsidy of around Rs 2.6 lakh on home loans under the Pradhan Mantri Awas Yojana (Urban) by the middle income groups.
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Middle-class home buyers get clarity to avail loan subsidy under Pradhan Mantri Awas Yojna. Interest subsidy will be provided on home loans for construction or purchase of house with carpet area of 90 square meters by those earning up to Rs 12 lakh per annum and of 110 sqm by those earning up to Rs 18 lakh per year.