Pradhan Mantri Awas Yojana or PMAY is an initiative by the government with a mission to provide ‘Housing for All’ by 2022. There are two major parts of this scheme which includes - the PMAY- U, which is meant for the urban poor and the PMAY- R Gramin, which is to build of pucca houses for the rural poor. As of now, it is estimated that 5 million rural houses will be constructed by March 2018 and 10 million rural houses will be constructed in March 2019. This will help mitigate the housing problem to a large extent as the home loan interest rates would drop. Individual who wish to apply for the PM Awas Yojana scheme must know of these important things -
In addition, the beneficiary must be able to fulfill the simple eligibility criteria of the scheme, as well. It states that -
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Sudipta Deb
2/17/2019 01:28:11 pm
I fall under category 2(3-6 lakh).But my carpet area is more than 60sq.m .Can i get pmay subsidy?
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |