Pradhan Mantri Awas Yojana 2021 | PMAY | Pradhan Mantri Awas Yojana Details in Hindi

Pradhan Mantri Awas Yojana 2021 | PMAY | Pradhan Mantri Awas Yojana Details in Hindi

This video is step by step guide to avail subsidy under pradhan mantri awas yojana (PMAY). In this video I have mentioned the exact process which I followed to get PMAY subsidy of Rs. 2.67 lac.

After watching this video you would be able to know:

Pradhan Mantri Awas Yojana (PMAY) 2021

Pradhan Mantri Awas Yojana (PMAY) 2020

Pradhan Mantri Awas Yojana (PMAY) 2019

Pradhan Mantri Awas Yojana (PMAY) 2018

Pradhan Mantri Awas Yojana (PMAY) 2017

What is pradhan mantri Awas Yojana ?

What are the benefits under PMAY ?

How to apply for PMAY Subsidy ?

Who is eligible to get subsidy under PMAY ?

Eligibility criteria under PMAY ?

Income Criteria under pradhan mantri awas yojana ?

How to get subsidy under pradhan mantri awas yojana ?

Process of getting subsidy under Pradhan mantri Awas Yojana ?

Pradhan Mantri Awas Yojana (PMAY) - Credit Linked Subsidy Scheme ( CLSS)

Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has introduced in June 2015, an interest subsidy scheme called Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (URBAN)-Housing for All, for purchase /construction / extension / improvement of house to cater Economical WeakerSection (EWS) / Lower Income Group(LIG) / Middle Income Group (MIG), given the projected growth of urbanization & the consequent housing demands in India.

Eligibility

• The beneficiary family should not own a pucca house in his/her or in the name of any member of his/her family in any part of India.

• In case of married couple, either of the spouse or both together in joint ownership will be eligible for a single subsidy.

• The beneficiary family should not have availed of central assistance under any housing scheme from Government of India or any benefit under any scheme in PMAY.

Beneficiary

The beneficiary family will comprise husband, wife and unmarried children. (An adult earning member irrespective of marital status can be treated as a separate household in MIG category)

• Aadhar number(s) of the beneficiary family are mandatory for MIG category.
• The interest subsidy will be available for a maximum loan tenure of 20 yrs or the loan tenure whichever is lower.
• The interest subsidy will be credited upfront to the loan account of beneficiaries through HDFC resulting in reduced effective housing loan and Equated Monthly Installment (EMI).
• The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.
• The additional loan beyond the specified limits, if any to be at non-subsidized rate.
• There is no cap on the loan amount or the cost of the property.
*for more details on the scheme please refer www.mhupa.gov.in
Note: Assessment of your eligibility to avail the benefits of CLSS is at the sole discretion of the Government of India. Contents herein are parameters outlined under the scheme for assessment of entitlement.

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