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Saturday, 19 January 2019

PRADHAN MANTRI AWAS YOJNA : HOUSING FOR ALL : SUBSIDY ON LOAN INTEREST FULL DETAIL

Lodging for All" Mission for urban zone has been executed with impact from 17.06.2015 to give focal help to actualizing organizations. The Credit Linked Subsidy Scheme is being offered under this mission.

For Middle Income Group(MIG), the intrigue sponsorship will be given on lodging credits to securing/development of houses (counting repurchase).

For Economically Weaker Section(EWS)/Lower Income Group(LIG), the intrigue sponsorship will be given on lodging credits to securing, development of house. The Credit Linked endowment would likewise be accessible for lodging advances benefited for new development and expansion of rooms, kitchen, can and so forth to existing abodes as steady lodging.

The intrigue sponsorship advantage will be forthright on the essential remarkable.

The accessibility and measure of intrigue sponsorship is liable to meeting pay criteria according to different classifications under the plan.

Recipient

A recipient family will include spouse, wife, unmarried children as well as unmarried little girls. A grown-up gaining part (independent of conjugal status) can be treated as a different householdKey Parameters*

Points of interest

EWS

LIG

MIG I

MIG II

Family Income (Rs. p.a)

0-3,00,000

3,00,001-6,00,000

6,00,001-12,00,000

12,00,001-18,00,000

Qualified Housing Loan Amount for Interest Subsidy (Rs.)

Up to 6,00,000

Up to 6,00,000

Up to 9,00,000

Up to 12,00,000

Intrigue Subsidy (% p.a.)

6.50%

6.50%

4.00%

3.00%

Greatest advance residency (in years)

20

20

20

20

Greatest staying unit cover zone

30 Sq. m.

60 Sq. m.

160 Sq. m.

200 Sq. m.

Rebate Rate for Net Present Value (NPV) computation of intrigue sponsorship (%)

9.00%

9.00%

9.00%

9.00%

Max. Intrigue Subsidy Amount (Rs.)

2,67,280

2,67,280

2,35,068

2,30,156

Singular amount sum paid per authorized to PLIs in lieu of Processing Fee (Rs.) to the degree of credit sum on which appropriation is material.

3000

3000

2,000

2,000

Use of plan on existing home advances endorsed on or after

17.06.2015

01.01.2017

Appropriateness of No Pucca House

Not for remodel/upgradation

Indeed

Indeed

Lady Ownership/Co-proprietorship

Required for new procurement, Not compulsory for existing property

Not required

Not required

Nature of House/Flat Construction

National Building Code, BIS Codes and according to NDMA Guidelines embraced

Endorsements for the Building Design

Obligatory

Essential Civic Infrastructure (water, sanitation, sewerage, street, power and so on.)

Obligatory


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