PM Awas Yojana: How To Save Rs 2.6 Lakh On Your Home Loan

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(PMAY) Pradhan Mantri Awas Yojana 2019 Eligibility Criteria4.1 (82.5%) 16 votes Pradhan Mantri Awas Yojana 2018 (PMAY) Apply Online, Eligibility Criteria [Gramin and Urban (Sehri) ] and Application Form using pmaymis SECC 2011 list pradhan mantri Awas Yojana aka PMAY or Housing for all is a housing scheme for all the people who belong to lower.

Several proposals were approved in such meetings and the announcement has been made that more than 1 lakh homes will be constructed under the Pradhan Mantri Awas Yojana, Lucknow. A loan of Rs.1000 crore has been offered by the Housing & Urban Development Corporation (HUDCO).

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NEW DELHI: Thousands of first-time homebuyers from middle- and low-income groups in Noida and Greater Noida are being deprived of the interest subsidy of up to Rs 2.6 lakh under the PM Awas Yojana.

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. interest subsidy of 4 per cent on a 20.

Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme. Central government provides interest subsidy which is credited to eligible beneficiary’s loan account. Hence, a beneficiary receiving subsidy of Rs. 2.67 lac* on a loan amount of Rs. 20 lac for 20 years loan tenure, at interest rate of 8.5% actually gets loan a home loan at effective rate of 6.61%.

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Pradhan Mantri Awas Yojana Guidelines for income Rs. 3 – 6 Lakhs. In June 2015, Prime Minister Narendra Modi announced that India needs at least 2 crore houses in the range of 5-15 Lakhs. This project was started under the name Pradhan Mantri Awas Yojana (Urban). The Ministry of Urban Housing and Urban Poverty Alleviation has been designated to over look this ambitious project.

The PMAY last date for availing interest subsidy on home loan has been extended by 15 months and the MIG home loan borrowers can not avail the subsidy benefits up to March 2019. Under the CLSS component of the scheme, MIG home loan borrowers are being given interest subsidy of up to Rs. 2.6 Lakh for purchasing their first home.

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Pradhan Mantri Awas Yojana Housing Scheme For All – ICIC Bank offers Credit Linked Subsidy Scheme (CLSS) on home loans for all urbans, Lower (EWS/LIG) & Middle Income Group (MIG – I & II) families under Pradhan Mantri Awas Yojana.

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