Pradhan Mantri Awas Rin Yojana Registration | Pradhan Mantri Awas Rin Yojana Online Application | Pradhan Mantri Awas Rin Yojana Application Form
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.
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.
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 Yojana Helpline Number (Toll-Free Number) are 1800-11-6446, 1800-11-3377, 1800-11-3388 and 1800-11-6163