Pradhan Mantri Awas Yojana - Credit linked subsidy scheme | Loan to family from Low-income group for constructing pucca house
Operated by
Ministry of Housing and Urban poverty Alleviation
Purpose
Financial assistance in the form of interest subsidy on loan to family from Low-income group for constructing pucca house
Probable duration
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Eligibility
- LIG households are defined as households having an annual income between Rs.3,00,000 (Rupees Three Lakhs One) up to Rs.6,00,000 (Rupees Six Lakhs). States/UTs shall have the flexibility to redefine the annual income criteria as per local conditions in consultation with the Centre
- The beneficiary family should not own a pucca house (an all weather dwelling unit) either in his/her name or in the name of any member of his/her family in any part of India
Benefit Description
To provide support to LIG family for construction of pucca house
Application process
Not known
Other Details
Conditions if Any
The credit linked subsidy will be available only for loan amounts upto Rs 6 lakhs and additional
loans beyond Rs.6 lakhs, if any, will be at nonsubsidized rate. Interest subsidy will be
credited upfront to the loan account of beneficiaries through lending institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI).
More Information
Annexure Link:
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Link:
File: -
Link:
http://mhupa.gov.in/writereaddata/HFA_guidelines_March2016-English.pdf
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