PM Awas Yojana: Loans are provided to people who buy and build houses in urban and rural areas of the country under the Pradhan Mantri Awas Yojana. If a person wants to buy a house in an urban area, then a subsidy of more than 2.5 lakh rupees is provided on the loan given to him. The government started the Pradhan Mantri Awas Yojana (PM Awas Yojana) in the year 2015 to provide houses to urban citizens at a discounted rate. Till now lakhs of people have benefited under this scheme. Come, let us know how to apply for buying a house under the PM Housing Scheme…
Government increased deadline
The government has extended the deadline to apply to buy a house under the PM Awas Yojana. The Credit Linked Subsidy Scheme has been extended till 31 March 2021. Apart from this, now the dream of buying a house under PM Awas Yojana 2020 will be fulfilled soon. The central government has reduced the average time to 114 days by making changes in the plan. It was 314 days ago. Its opinion was that now people will go home after 114 days of applying under this scheme. To take advantage of this scheme of the government, you can apply at home.
What is Credit Link Subsidy Scheme?
This scheme is being run by the government for the middle income group. This was earlier until 2017, which was extended to March 2020. Then it was increased to March 2021. Under this scheme, an interest subsidy of Rs 2.67 lakh is given to the economically weaker section.
Who will get the benefit of PM Housing Scheme?
The main objective of this scheme is to provide housing to all. Therefore, those who already have a house or whose family members have a house, they will not get the benefit. It clearly states that the beneficiary should not have a pucca house. In this, the family is also defined. The family consists of spouses and unmarried children.
What is EWS, LIG and MIG category?
A family with an annual income of less than three lakh rupees falls in the financially weak EWS category. After this, LIG family with 3 to 6 lakh annual income and family with 6 to 12 lakh annual income fall in MIG-1 category. The family with an annual income of 12 to 18 lakhs falls in the MIG-2 category. In the MIG-1 and MIG-2 category, there is a four percent interest subsidy on loans up to Rs 9 lakh and three percent interest subsidy on loans up to Rs 12 lakh.
How does the PM Housing Scheme work?
Suppose you fall in the MID-2 category and you want to buy a house worth 60 lakh rupees. For this, you pay 20 percent i.e. 12 lakh rupees in cash and take the remaining amount i.e. 48 lakh loan. Under the PM Awas Yojana, you will get 3 percent interest subsidy on a loan of Rs 12 lakh. In this way, normal interest will be charged on the remaining loan amount of Rs 36 lakh.
Which documents are required for the application?
To apply under PM Awas Yojana, it is necessary to have PAN card as an identity card. Voter ID, Aadhaar card, passport, driving license or any government issued photo icard is required for address proof. In the income proof, the last 6 months bank statement, income tax return receipt and the last 2 months salary slip (whichever is applicable) will have to be given.
How to apply
- To apply, you can visit the PM Awas Yojana website http://pmaymis.gov.in.
- Select Benefit under other 2 components option in the drop-down menu of the Citizen Assessment section given at its home.
- Now a new page will open, in which Check Aadhaar / Virtual ID No. The details of the existence will be. To verify your information here, enter your Aadhaar number and write your name in Aadhaar.
- After this, tick the term and click on the check. After doing this, a new page will open which will be of the application form.
- Fill all the necessary information on the application form like name, mobile number, email ID, personal information, income statement, bank account details and other information.
- After filling the application form, click on the Disclaimer checkbox button, insert the captcha and then click on the Save button. After doing this, your application will be completed. Take a printout of the application form.
