PM Home Loan Subsidy Yojana : Prime Minister Modi ji is soon going to implement the Home Loan Subsidy Scheme for the weaker section of the country’s citizens. Through this scheme, people from weaker sections will be given the benefit of subsidy on home loan to buy their own house, so that eligible citizens will be able to easily buy their own house. How to get the benefit of PM Home Loan Subsidy Yojana and how to register its government of India. To get all this information, you will have to read this article till the end.
For the welfare of the economically weaker section of citizens, the Prime Minister of the country has announced the launch of Home Loan Subsidy Scheme. Under this scheme, subsidy on loans will be provided to low income group people living in urban areas to buy houses. For which applicants will be able to get subsidy on home loan of less than Rs 50 lakh for a period of 20 years. The loan amount will be transferred directly to the applicant’s bank account. With the help of which applicants will be able to easily buy a house.
Objective of PM Home Loan Subsidy Yojana
The main objective of the PM Home Loan Subsidy Yojana is to provide the benefit of subsidy on loans to buy houses to the lower class citizens of the country, so that the eligible citizens do not have to face financial crunch to buy houses.
About of the PM होम लोन सब्सिडी योजना
| Feature | Description |
|---|---|
| Scheme name | Pradhan Mantri Awas Yojana (PMAY) |
| Launched by | Prime Minister Narendra Modi, India |
| Beneficiaries | Economically weaker sections (EWS) and low-income groups (LIG) |
| Assistance provided | Subsidy on home loan |
| Application process | Online/offline |
| Official website | To be launched soon |
Also Read : Abua Awas Yojana – झारखंड अबुआ आवास योजना
How much loan will be given under PM Home Loan Subsidy Yojana and how much will be the annual interest subsidy
According to the report, beneficiaries can get loan up to Rs 9 lakh through PM Home Loan Subsidy Yojana and annual interest subsidy between 3 to 6.5 percent will be provided on this loan. This subsidy can be made available to eligible citizens on home loans of less than Rs 50 lakh for a tenure of 20 years.
Government will spend Rs 60,000 crore for PM Home Loan Subsidy Yojana
According to sources, information has been given that about Rs 60,000 crore will be spent by the government in 5 years for this scheme, through which benefits will be provided to 25 lakh home loan applicants.
Eligibility for PM Home Loan Subsidy Yojana
- The applicant must be a permanent resident of the country.
- Citizens living in rented houses, slums or chawls in cities will be eligible to avail the benefits of this scheme.
- Those citizens who did not get the benefit of Pradhan Mantri Awas Yojana will be able to avail the benefit of PM Home Loan Subsidy Yojana
- The candidate availing home loan should not be a bank defaulter.
- The beneficiary’s bank account should be linked to Aadhaar card.
Documents required for Pradhan Mantri Home Loan Subsidy Yojana
- Aadhar card
- Address proof
- income certificate
- caste certificate
- age certificate
- Bank account statement
- mobile number
- email id
- passport size photo
Benefits of PM Home Loan Subsidy Yojana
- Prime Minister Modi has started the PM Home Loan Subsidy Scheme to provide housing facilities to the citizens of the country.
- Through this scheme, cheap home loans will be provided to the economically weaker section of citizens who are living in rented houses in the cities.
- Through PM Home Loan Subsidy Yojana, the government will provide the benefit of subsidy on home loan.
- Loan amount of Rs 9 lakh will be provided for this scheme and 3 to 5 percent annual interest subsidy will be provided on it.
- 25 lakh loan applicants will benefit from this scheme.
- The government will spend Rs 60,000 crore in the next 5 years on PM Home Loan Subsidy Yojana
- By availing the benefit of this scheme, eligible citizens will be able to easily buy a house.
- PM Home Loan Subsidy Yojana will be run in the entire country.
- The benefits of the scheme will be provided to the beneficiaries without any discrimination.
Also Read :- Vidhwa Evam Ekal Nari Awas Yojana – मुख्यमंत्री विधवा एवं एकल नारी आवास योजना
Key features of PM Home Loan Subsidy Yojana
- Providing subsidy on loans for purchasing houses to economically weaker citizens of the country.
- Motivating eligible citizens to take advantage of the scheme
- Making beneficiaries self-reliant and empowered
How to Registration for the PM Home Loan Subsidy Yojana
- Eligible citizens of the country who want to apply for PM Home Loan Subsidy Yojana through online and offline mode will have to wait for a while.
- Because after the launch of the scheme, the application process will also be started soon, so that citizens will be able to apply for the scheme easily.
PM Home Loan Subsidy Yojana – Helpline Number
A government program called the PM Home Loan Subsidy Yojana (PMAY) offers eligible borrowers discounts on their mortgage payments. The PMAY helpline number is 1800-11-6163.
You can call this number to learn more about the program, requirements for participation, the application procedure, and any relevant questions. The National Housing Bank (NHB), the central nodal organization for the PMAY, runs the helpline, which is open twenty-four hours a day, seven days a week.
You can learn more about the PMAY in addition to calling the helpline by visiting the following websites:
- pmayuclap.gov.in is the PMAY’s official website.
- Visit the NHB’s website at https://www.nhb.org.in/.
- The Ministry of Housing and Urban Affairs’ website is located at mohua.gov.in.
For further information about the PMAY and to apply for the program, you can also get in touch with your neighborhood bank or housing financing organization.
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