Middle-class home buyers get clarity to avail loan subsidy under Pradhan Mantri Awas Yojna – ET RealEstate

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.

According to sources, the ministry has been working on a proposal to extend the coverage of the scheme after receiving buyer complaints related to non-authorisation of home loan applications by banks under Credit Linked Subsidy Scheme (CLSS) in some areas of the approved 100-city list. CLSS is an interest subsidy scheme under PMAY related to.

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Listed here are 10 highlights of the interest rate subsidy scheme under Pradhan Mantri Awas Yojana (Urban): 1) Beneficiaries qualified to receive interest subsidy beneath the CLSS scheme have to make use of to their lenders for availing the subsid.

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Yes, any home loan customer who bought their home or constructed home on or after 25th june 2017 and comes under the category of LIG or EWS can avail the CLSS-PMAY subsidy scheme. However, they must do all the calculation work in the PMAY eligibility calculator to know their status.

Seva Bhoj Yojna Union Ministry of Culture has launched. houses The Union Ministry of Housing & Urban Affairs has approved construction of another 1.5 lakh affordable houses under Pradhan Mantri Awas Yojana. now home buyers will be an integral part of the decision making process. The CoC will also have representation from security holders.

Home loan EMIs under Pradhan Mantri Awas Yojana for middle. – Home loan EMIs under Pradhan Mantri Awas Yojana for middle-income groups: Eligibility, interest, preference to women. The total interest subsidy to be paid under MIG group for loan up to Rs 9.

Middle-class home buyers get clarity to avail loan subsidy under Pradhan Mantri Awas Yojna All home buyers with annual incomes of above Rs 6 lakh and up to Rs 18 lakh per year will be eligible for receiving interest subsidy on housing loans taken in 2017 under Pradhan Mantri Awas Yojna (Urban)

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Our Honourable Prime Minister Shri Narendra Modi, recently shared his vision of housing for all by the year 2022, through the "Credit Linked Subsidy Scheme" (CLSS) under Pradhan Mantri Awas Yojana (PMAY). We at ICICI Bank are pround to offer the "Credit Linked Subsidy Scheme" under Pradhan Mantri Awas Yojana.

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