PMGY 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.
The eligibility is dependent on the income
group you fall in.
Income Group
|
Annual Household Income
|
EWS
|
Up to 3 Lacs
|
LIG
|
3.01 to 6 Lacs
|
MIG 1
|
6.01 to 12 Lacs
|
MIG 2
|
For EWS and LIG, it is mandatory for a female
to be the property owner. In certain exception cases, the lender may inform
you. Also, 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.
The subsidy offered is dependent upon the loan amount and
the income group you fall in. Applicants with income up to 6 Lacs, can avail a maximum subsidy of 2.67
Lacs.
Applicants with income up to 12 Lacs, can avail a maximum
subsidy of 2.35 Lacs.
Applicants with income up to 18 Lacs, can avail a maximum
subsidy of 2.30 Lacs
Income Group
|
Subsidy on maximum Loan Amount
|
Interest Subsidy (%)
|
Maximum Subsidy Tenure
(In years) |
Max. Subsidy amount
|
Up to 3 Lacs
|
6 Lacs
|
6.5%
|
20
|
` 2.67 lacs
|
Above 3 Lacs up to 6 Lacs
|
6 Lacs
|
6.5%
|
20
|
` 2.67 lacs
|
Above 6 Lacs up to 12 Lacs
|
9 Lacs
|
4%
|
20
|
` 2.35 lacs
|
Above 12 Lacs up to 18 Lacs
|
12 Lacs
|
3%
|
20
|
` 2.30 lacs
|
The documents required
are very basic like:
·
KYC Documents &
Photograph
·
Aadhar Card is
mandatory
·
Salary slip or
Certificate & updated bank statement for salaried applicants
·
Income Tax Returns of
last two years and bank statement for self employed applicants
·
Self-certificate/affidavit
as proof of income
·
Customer declaration
undertaking
·
Additional Application
form
You can visit any bank or housing finance
company and enquire about the Pradhan Mantri Awas Yojana scheme.
Toll-Free Helpline Numbers
NHB: 1800-11-3377
1800-11-3388
HUDCO: 1800-11-6163
27 Comments
informative
ReplyDeleteVery informative and helps thousands of people get detailed knowledge about the scheme....
ReplyDeleteit will be so kind if you tell where to apply the form provided i.e where to give this form after filling this
ReplyDeletesarathvijayan10@gmail.com
Grama Panchayath aria yil labikkumo
ReplyDeleteWere should we apply this?
ReplyDeleteIth evideyaa kondu kodukkandee
ReplyDeleteTx
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIs this available in Grama panchayath now ?
ReplyDeleteWa
ReplyDeleteGrama Panchayathil available ?
ReplyDeleteGrama Panchayathil available ?
ReplyDeleteGrama panchayathil available ano?
ReplyDeleteGrama panchayathil available ano?
ReplyDelete👍
ReplyDeleteസ്ഥലം ഇല്ലാത്തവർക്ക് വീട് കിട്ടുമോ, സ്ഥലവും വീടുമില്ല.
ReplyDeleteveede undakan
ReplyDeletesuhuruthe ethu kandu kure nadannu...,facebook ilum wattsappilum matre ulluu...bankil illa
ReplyDeleteThara kettiyinu 4varshamaayi
ReplyDeleteSBI യിൽ ഹോം ലോൺ ഉള്ളവർക്കു ഇത് പ്രയോജനപ്പെടുത്താൻ സാധിക്കുമോ...?
ReplyDeleteMatte etangilume bankil loan ullavarkke labikkumoooo
ReplyDeleteSbi യിൽ ഹോം ലോൺ ഉണ്ടിഗിൽ കിട്ടുമോ
ReplyDeleteഇത് എല്ലാ ബാങ്കുകളിലും കിട്ടുമോ???
ReplyDeleteShameer
ReplyDeleteGood program for India government
ReplyDeleteവീട് നവീകരണത്തിന് ഈ ലോൺ ലഭ്യമാണോ?
ReplyDeleteEngane aanu Apeksha evideya kodukkendathu
ReplyDelete