Pradhan Mantri Awas Rin Yojana Registration | Pradhan Mantri Awas Rin Yojana Online Application | Pradhan Mantri Awas Rin Yojana Application Form

09 Nov, 2021 Last Update 2 years ago

Pradhan Mantri Awas Rin Yojana Registration  | Pradhan Mantri Awas Rin Yojana Online Application | Pradhan Mantri Awas Rin Yojana Application Form

Pradhan Mantri Awas Rin Yojana

Prime Minister Narendra Modi launched the Pradhan Mantri Awas Rin Yojana, as you may know. Pradhan Mantri Awas Rin Yojana was implemented in two phases under that scheme. Pradhan Mantri Sehri Awas Yojana, the Prime Minister's Gramin Awas Yojna, had begun. Anyone interested in taking out a housing loan under the Pradhan Mantri Gramin Awas Rin Yojana or the Pradhan Mantri sehri Awas Rin Yojana should read our companion tomorrow in depth. In this article, we'll explain how to apply for a loan through the Pradhan Mantri Awas Loan Yojana.

Pradhan Mantri Awas Rin Yojana Overview

Prime Minister Narendra Modi's Pradhan Mantri Awas Rin Yojana allows anyone, whether urban or rural, to obtain a loan under the Pradhan Mantri Awas Rin Yojana. A loan will be granted. And whoever wants to take out a home loan to build a house will be able to do so at a reasonable interest rate. Prime Minister Narendra Modi announced the Pradhan Mantri Awas Yojana (PMAY) in June 2015 with the goal of making affordable housing a reality. By March 31, 2022, it seeks to give more than 2 crore low-cost dwellings with running water, toilets, and 24-hour power to eligible families and beneficiaries.

Pradhan Mantri Awas Rin Yojana Registration Process

  • This link should you click Pradhan Mantri Awas Yojana to if you want to apply for a Pradhan Mantri Home Loan Yojana loan online?
  • After visiting this page, a link to the Pradhan Mantri Awas Yojana Loan application form will appear. That link should be followed.
  • Carefully fill out the information on this application form.
  • Then press the submit button.
  • This is how you may apply for the Pradhan Mantri Home Loan Yojana online.

Pradhan Mantri Awas Rin Yojana 2021 Benefits

  • The Indian government has set out Rs. 1 lakh for each household for slum restoration. of subvention
  • 1.5 lakh in central support for each unit of affordable housing built or expanded via a partnership and beneficiary-led individual house construction/expansion.
  • A housing loan interest subsidy of up to 6.5 percent is available.
  • The interest subsidy is available for a maximum loan term of 20 years or the applicant's loan term, whichever is shorter.
  • Women are encouraged to be homeowners or co-applicants.

Pradhan Mantri Awas Rin Yojana Home Loan Interest Rates / Subsidy

Details  EWS  LIG  MIG I  MIG II
Income ₹ 3 Lakh ₹ 3 – 6 Lakh ₹ 6 – 12 Lakh ₹ 12 – 18 Lakh
Interest Subsidy 6.50% 6.50% 4.00%  3.00%
Eligible Loan Amount to Calculate Subsidy Up to 6 Lakh Up to 6 Lakh Up to 9 Lakh Up to 12 Lakh
Maximum Subsidy ₹2,67,280 ₹2,67,280 ₹ 2,35,068 ₹ 2,30,156
Maximum loan tenure 20 years 20 years 20 years 20 years
Max Carpet Area 30 Sq. Meter 60 Sq. Meter 160 Sq. Meter 200 Sq. Meter
The discount rate for computing the NPV of interest subsidy 9.00% 9.00% 9.00% 9.00%
Scheme application on existing home loan approved on or after this date  2015/06/17 2015/06/17 2017/01/01 2017/01/01
Female-owned/co-applicant Mandatory for a new house Not mandatory for the existing property Not mandatory  Not mandatory 

Pradhan Mantri Awas Rin Yojana Eligibility Criteria

  • In India, no member of the beneficiary family should own a constructed house.
  • The beneficiary household is not taking advantage of any government of India or state government housing scheme.
  • There should be no PMAY support from any Primary Lending Institution for the beneficiary family (PLI).
  • Home loan borrowers who previously received the PMAY subsidy are not eligible for the subsidy under the Home Loan Balance Transfer program.
  • Singles, individually or in joint ownership, will be eligible for a subsidy if they are married.
  • To receive benefits under the MIG income category, families must submit their Aadhar numbers.
  • Beneficiaries in the EWS category would receive full support, while those in the LIG and MIG income groups will only be eligible for the PMAY 2019 Credit Linked Subsidy Scheme (CLSS).

Pradhan Mantri Awas Rin Yojana Helpline Number

Pradhan Mantri Awas Yojana Helpline Number (Toll-Free Number) are  1800-11-6446, 1800-11-3377, 1800-11-3388 and 1800-11-6163

Read Article

Pradhan Mantri Awas Yojana 2021 Registration , Required Document , Application Form ,Benefits , Eligibility Criteria