PM Awas Yojana: Often people have many questions on the subsidy they get about this scheme, which they are in confusion about. One question is, how much subsidy will a person get out of Rs 2.67 lakh under this scheme?
PM Awas Yojana: Under the Pradhan Mantri Awas Yojana , the government is providing subsidy of up to Rs 2.67 lakh on home loans. Under this scheme, the dream of owning millions of people has been fulfilled. The government aims to have a roof over the head of every family by 2022. In this direction, the government has implemented this scheme.
Often there are many questions on the subsidy that people get about this scheme, which they are in confusion about. One question is, how much subsidy will a person get out of Rs 2.67 lakh under this scheme? Who will get the full subsidy and who will not? Due to lack of answers to these questions, people are in a state of confusion.
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In such a situation, let us tell you that conditions have been made for who will get subsidy under this scheme. These conditions are based on income slots. Under the scheme, loans are provided under these three categories. It comes with MIG, LIG and EWS. Those with an annual income of up to Rs 3 lakh are placed in the EWS category. According to the plan, the amount of subsidy reduces the amount of your loan and thus reduces the interest burden on you.
If your income is up to Rs 6 lakh per annum, then a loan of Rs 6 lakh will get 6.5 percent subsidy. Which will be up to Rs 2.67 lakh. At the same time, those earning up to Rs 12 lakh will get 4% interest subsidy on loans up to Rs 9 lakh.
In this way, people of this category will get subsidy of Rs 2,35,068. Those earning up to Rs 18 lakh will get 3% interest subsidy on loans up to Rs 12 lakh. In this way he will be able to save Rs 2,30,156 as subsidy.
