Pradhan Mantri Awas Yojana( PMAY Scheme)
PMAY Scheme Overview
In 2015, the Government of India launched a scheme called the Pradhan Mantri Awas Yojana( PMAY).
The PMAY scheme aims to give affordable covering for all by 2022. We at ICICI Home Finance, are aligned with Central Government' s' containing for All' charge and offer benefits as outlined in the Pradhan Mantri Awas Yojana( PMAY).
The Ministry of Housing and Urban Poverty Alleviation( MoHUPA) has introduced in June 2015, an interest annuity scheme called Credit Linked Subsidy Scheme( CLSS) under Pradhan Mantri Awas Yojana( Urban)- containing for All, for purchase/ construction/ extension/ improvement of house to feed EWS/ LIG/ MIG corridor to meet the covering demands in India.
Our home loan product, Apna Ghar is erected as an extension of the Pradhan Mantri Awas Yojana( PMAY), which offers you a annuity benefit of over to ₹2.67 lakh. From the operation process to the eligibility morals to the repayment options, we are committed to support you in making your and your family’s dreams come true.
still, into gram panchayats and regularised colonies, we will support you, If your dream home takes you beyond thereopenedcommunities.However, we will support you, If you can't arrange formal income evidenceslikeITR.However, we will support you! At each of our 135 ICICI HFC branches, you will find friendly, If you have set up it delicate to get a home loan in the history or have noway really believed you could get one.
Pradhan mantri awas yojana Benefits
CLSS under PMAY schemes makes the home loan affordable as the PMAY annuity handed on the interest element reduces the outpour on the home loan. The annuity amount under the scheme largely depends on the order of income which you belong to as well as the size of the property unit being financed.
When to apply for PMAY?
The PMAY scheme is being executed in three phases, with the first two phases having ended. currently, the last phase is on; it began on April 1, 2019, and will end on March 31, 2022.
So if you want to profit of Pradhan mantri awas yojana, the time is now.
Income Groups( for PMAY purposes)
EWS/ LIG scheme- The charge was effective from June 17, 2015 and PMAY validity is till Mar 31, 2022
MIG- 1 and MIG- II scheme- The charge was effective from March 31, 2020 and PMAY validity is till Mar 31, 2021.
description of a heir family A heir family will comprise of husband, woman
unattached sons and/ or unattached daughters. An adult earning member irrespective of nuptial status can be treated as a separate ménage.
Other Conditions
Income incremental, there is another pivotal condition the heir family should not enjoy a pucca house either in his/ her name or in the name of any member of his/ her family in any part of India;
Women Power/ Title- For EWS/ LIG Women power is obligatory only for new purchase and not for new construction on an being piece of land or for enhancement/ repairs of an being house. For MIG I and MIG- II Not usual
still, either you or your mate can apply or do so jointly;
If you are wedded and want to avail of Pradhan mantri awas yojanabenefit.Your income as a couple will be considered as a unit; still, if there is another adult earning member in the family, he she can be treated as a separate ménage irrespective of their nuptial status;
You must not have any other central government backing on home acquire/ construction;
You have to submit a tone- declaration about your total family income and documents of the asked property to your loan provider
All loan accounts under Pradhan mantri awas yojana should be linked with your Aadhar card
The eligible unit needs to have introductory installations and structure like bathroom, water, sewerage, road, electricity etc;
Alternate, the carpet area( walls not included) must not exceed
EWS – 30 square metre( 323 sq ft)
LIG – 60 square metre( 646 sq ft)
MIG- I – 160 square metre( 1722 sq ft)
MIG- II – 200 square metre( 2153 sq ft)
ultimately, the position
All statutory cosmopolises as per Census 2011 and cosmopolises notified subsequently, including planning area as notified with respect to statutory megacity.
still, click on the National Housing Bank( NHB) link below, and look up the section marked “ Statutory Town and Planning Area Canons ” https// nhb, If you want to know if yourcityqualifies.org.in/ government- scheme/ pradhan- mantri- awas- yojana- credit- linked- annuity- scheme/
PMAY Scheme Loan Limits
EWS Rs 6 lakhs;
LIG Rs 6 lakhs;
MIG( I) Rs 9 lakhs;
MIG( II) Rs 12 lakhs
Note
All fresh loans beyond specified limits, if any, will be handed atnon- subsidized rate.
The Net Present Value( NPV) of the interest PMAY annuity will be calculated at a reduction of 9
PMAY Scheme Loan Tenure
The maximum Home Loan term offered under all four orders is 20 Times.
PMAY Scheme Interest Rates
EWS6.5; up to Rs2.67 lakhs
LIG6.5; up to Rs2.67 lakhs
MIG( I) 4; up to Rs2.35 lakhs
MIG( II) 3; up to Rs2.30 lakhs
How to Apply for PMAY Scheme
Any ménage with an periodic income up to 18 lakh can apply forPMAYscheme.However, you can submit your operation at any of our 135 ICICI HFC branches, If you wish to apply for the PMAY annuity benefit. Our individual branch experts will review your request and process your request at foremost. Our end is to make the process fast and simple for you.
Download and fill the tone- declaration form
Submit it at your nearest ICICI HFC Branch
Carry your original ID substantiation along with Aadhaar card of all family members
* Assessment of your eligibility to avail the profit of CLSS is at the sole discretion of the Government of India. The content herein is parameters delimit under the PMAY scheme for assessment of entitlemen
PMAY annuity Calculator
Find out if you are eligible for the Pradhan Mantri Awas Yojana( PMAY) and how important annuity you can get with our PMAY Subsidy Calculator
No comments:
Post a Comment