Home loan subsidy: There are many schemes of the central government in which the poor section gets benefit. One of these schemes is Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0. Apart from the urban poor, middle class families also get benefit in this scheme.
Modi Govt Scheme: There are many such schemes of the central government in which the poor section gets benefit. One of these schemes is Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0. Apart from the urban poor, middle class families also get benefit in this scheme. Under the scheme, the government fulfills the dream of building a house. Today we will tell you which documents will be required before applying for the scheme. Apart from this, how can eligibility be checked for the scheme.
What is the eligibility
It is for Economically Weaker Section (EWS)/Low Income Group (LIG)/Middle Income Group (MIG) families. Let us tell you that families with annual income up to ₹ 3 lakh are called EWS. At the same time, families with annual income from ₹ 3 lakh to ₹ 6 lakh are defined as LIG and families with annual income from ₹ 6 lakh to ₹ 9 lakh are defined as MIG. This scheme has many verticals. One of these is the Vertical Interest Subsidy Scheme (ISS).
Interest Subsidy Scheme
If you select this scheme, you will get subsidy on home loan. Beneficiaries taking home loan up to ₹25 lakh for a house worth up to ₹35 lakh will be eligible for 4 percent interest subsidy on the first loan of Rs 8 lakh for a period of 12 years. A subsidy of ₹1.80 lakh will be released to eligible beneficiaries through push button in 5-yearly installments.
Documents required
1. Aadhaar details of the applicant (Aadhaar number, name as per Aadhaar, date of birth).
2. Aadhaar details of family members (Aadhaar number, name as per Aadhaar, date of birth).
3. Applicant’s active bank account details (account number, bank name, branch, IFSC code) which is linked to Aadhaar.
4. Income proof.
5. Land documents (in case of beneficiary based construction BLC component)
How to apply
- First of all visit the official website of PMAY-U 2.0.
- Here you will need to check eligibility.
- To check eligibility, enter the information of state, annual income.
- There are 3 vertical options in this, from which Interest Subsidy Scheme (ISS) has to be selected.
- After this you have to tell whether you have a pucca house anywhere in India?
- Apart from this, information has to be given whether the person has availed any benefit under any housing scheme of the Central/State Government in the last 20 years?
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