New Delhi: Not only the rich, but every poor man also dreams of one of his lovers. Pradhan Mantri Awas Yojana (PMAY) is proving to be very effective for realizing the dreams of the economically weaker sections. In such a situation, if someone is dreaming of making their dream home for the first time, then you can also take advantage of Pradhan Mantri Awas Yojana. Under this scheme, the government is also providing subsidy on home loans to those purchasing their own house. The Central Government has extended the Credit Linked Subsidy Scheme (CLSS) under PM Awas Yojana till 31 March 2021. In such a situation, if you also want to take subsidy in the home loan, then you can take advantage of this scheme. However, there are some conditions.
These conditions are necessary for taking subsidy
Those who want to take advantage of the PM Awas Yojana (Pradhan Mantri Awas Yojana) and are thinking of saving in home loans, then it is necessary for the government to come into these circles. If you want to apply in this scheme, your annual income must be between 6 lakh and 18 lakh only. Under this scheme, first time home buyers get subsidy on the interest of the home loan. This subsidy on a home loan can be up to a maximum of Rs 2.67 lakh. To get the subsidy of PMAY it is important to know a few things.
Know how to get a subsidy
A 6.5 per cent credit-linked subsidy is available only for loans up to Rs 6 lakh. Those whose annual income is Rs 12 lakh, they get 4 per cent interest subsidy on a home loan of Rs 9 lakh. People with an income of 18 lakh rupees get 3 per cent subsidy on the loan of 12 lakh rupees. In all these, the loan period is 20 years. Interest is required to be paid at the existing rate on the additional loan above the subsidized loan amount.
Categories are determined according to income
Economically weaker sections (EWS) and (LIG) with an annual income of 3 lakh to 6 lakh have been kept. Middle Income Group 1 (MIG1) with an annual income of 6 lakh to 12 lakh and middle-income group 2 (MIG2) with an annual income of 12 to 18 lakh have been included. 2.67 lakh subsidy on taking a loan of 6 lakh rupees from this scheme, similarly 12 lakh annual income subsidy is getting 2.35 lakh subsidy on loans up to 9 lakh. Under this scheme, loans up to Rs. 12 lakhs are being given to those with 18 lakh annual income.
Apply this way to get the benefit of PM Awas Yojana
To avail the Pradhan Mantri Awas Yojana, you have to first log in to the official website of PMAY https://pmaymis.gov.in/. If you fall under LIG, MIG or EWS category, then click on the other 3 components. Enter the Aadhaar number in the first column here. Enter your name written in Aadhaar in the second column. After this, give you complete personal details on the page that opens, such as name, address, information about family members. With this, click on a box below, on which it will be written that you certify the correctness of this information. Once you have filled all the information and submitted it, then you will have to enter captcha code here. After this, you submit this form.