PM Awas Yojana: The completion period of construction is now 114 days! Apply for a subsidy of up to Rs 2.5 lakh on a home loan

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Pradhan Mantri Awas Yojana Home Loan Subsidy: According to the center, since 2016, the pace of construction of houses has been ensured through different measures, resulting in the construction of 1.10 crore houses.

Pradhan Mantri Awas Yojana Home Loan Subsidy: Under the Pradhan Mantri Awas Yojana , the Central Government provides subsidy on home loans to those who want to own their own home. Credit linked subsidy of up to Rs 2.67 lakh is being provided through this scheme. Those belonging to weaker income groups are getting benefit in urban or rural areas. Under this, there is a target to build around 2 crore houses in the country by 31 March 2022. The scheme is applicable till 31 March 2021.



According to the government, the construction period for the houses being constructed under this scheme is now 114 days. The government has issued a press release informing that the time taken to construct the houses is now seeing faster than before.

According to the Center, since 2016, the pace of construction of houses has been increased through different measures, as a result of which construction of 1.10 crore houses has been completed, including Pradhan Mantri Awas Yojana – Rural (PMAY-G) Under this, houses of 1.46 lakh landless beneficiaries are also included.

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Increase in work efficiency, which is also evident in the study of NIPFP. In which, under PM Awas Yojana- Rural, the average period of completion of construction work has been stated as 114 days as against 314 days earlier.

To avail the subsidy under this scheme, an application has to be made by going to the home loan lending institution like Bank, Co-operative Bank etc. In this, the scheme can also be applied through Small Finance Bank, Regional Rural Bank, Housing Finance Company, National Housing Bank and HUDCO. Eligible people can apply by filling the application form here.



Apart from all these, the government can create an AwaasApp for this scheme can also be applied online. With the help of this app, people living in rural areas can login to the app with the help of their smart phones. After logging in, an OTP comes on your registered mobile number, after verifying that you can apply for the scheme through this app.

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