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class="off-canvas-wrapper"> <div class="hfeed site" id="page"> <header class="header-v2 stick-this site-header" id="masthead"> <div class="container hidden-lg-down"> <div class="masthead"><div class="header-logo-area"> <div class="header-site-branding"> <h1> {{ keyword }} </h1> </div> </div><div class="primary-nav-menu electro-animate-dropdown"><ul class="nav nav-inline yamm" id="menu-secondary-nav"><li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-4315" id="menu-item-4315"><a href="#" title="Home">Home</a></li> <li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-4911" id="menu-item-4911"><a href="#" title="About">About</a></li> <li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-4912" id="menu-item-4912"><a href="#" title="Contact">Contact</a></li> </ul></div> </div><div class="electro-navbar"> <div class="container"> </div> </div> </div> </header> <div class="site-content" id="content" tabindex="-1"> <div class="container"> <div class="site-content-inner"> {{ text }} </div> </div> </div> <footer class="site-footer footer-v2" id="colophon"> <div class="desktop-footer container"> <div class="footer-bottom-widgets"> <div class="container"> <div class="footer-bottom-widgets-inner"> {{ links }} </div> </div> </div> <div class="copyright-bar"> <div class="container"> <div class="copyright">{{ keyword }} 2020</div> <div class="payment"></div> </div> </div></div> </footer> </div> </div> </body> </html>";s:4:"text";s:4552:"The estimated completion year for the scheme is 2022, which means that these 2 crore homes will be constructed over a period of 7 years. The new rates are applicable for home buyers purchasing affordable homes under the PMAY (Pradhan Mantri Awas Yojana) – CLSS scheme. There are some rules to this. Repairing work to the existing house can be undertaken in houses which are kutcha, semi pucca and require extensive renovation to make it into a pucca house. The loan amount is also increased to 12 Lac from 6 Lac. Note : You should fall in Secc 2011 list to be eligible for getting PMAYG benefits. 1,45,301. Thus, the amount of EMI he or she needs to pay per month will be INR 6,632 per month. Applicants are required to submit all their documents in these CSCs and a minimum registration fee of Rs. Individuals who will fall under this section will be awarded with a subvention on the interest rate at 3%. The calculator does not guarantee CLSS - PMAY benefit to applicant/customer. How a Customer can get maximum Subsidy benefit? These candidates will be able to apply for a new home provided they meet other requirements. This means that those who want to avail housing loans for the scheme, they will enjoy a rate of interest which is 4% below the market rate. People who are living in rural areas or in urban areas, belonging to EWS or LIG groups need to submit their income certificates along with their identity and address proof. Your email address will not be published. To check or track the status of your application, you must click on the following link. What are the income norms for various categories? 6 Lakhs, Annual Household Income of MIG 1 should be Rs. For more information, read the "Cookie Policy" under Online Privacy Policy. 18 Lakh per annum, they are ineligible for subsidies under the Pradhan Mantri Awas Yojana. Key Highlights of … Even if several banks offer minimal home loan interest rates, yet this subsidized loan makes the purchase of the house more affordable for the eligible people. Once you submit that a long list of applicants’ name will be shown. To check or track the status of your application, you must click on the following link http://pmaymis.gov.in/Search_Name.aspx. In case of online process the applicant can register for free of cost through the pradhan mantri awas yojana ministry official website. So, if a person applies for INR 700,000 as loan, he or she will have to pay normal market interest rate (for home loans) for the additional INR 100,000. 18 lakhs or less, they will be categorized as Medium Income Group 2 category. Accordingly, EMI of the Customer is reduced. Subsidy Category. Most IMP Terms & Conditions & Schedule of Charges, Quick approval with minimum documentation, Annual Household Income of EWS/LIG should be less than Rs. In accordance with the calculation, the equated monthly installment on these types of loans of six lakhs for a long duration of fifteen years falls somewhere around 6,632 rupees. The individuals who belong to LIG and EWS will be offered with 6.50 percent subsidy with the assistance of credit linked subsidy scheme. The rules are: The government has come up with a list of all cities in different states and union territories where housing units will be constructed under the Pradhan Mantri Awas Yojana. cuts down GST on affordable homes from 12% to 8 % For First time home buyers. To prevent misuse of the housing purchasing subsidy, this present scheme has been introduced. As of now March 2019 is the last date for application is being mentioned by the authority. Pradhan Mantri Awas Yojana, Urban (PMAY) has been received positively by the people of India and thousands have already applied for the benefits under the PMAY plan. Each creditor will have to pay up the entire loan amount within 20 years. Apart from this the GST benefit will also be provided to home buyers investing in low cost home projects having 646 sq. The applicant can register through the official ministry website for PMAY without spending anything. They need to clear the credit repayment within 20 years. Common Service Centres are being established in many places across the nation. In case of offline registration, there is a demand survey by the urban local bodies. The application form is available online only. Any applicant who has a yearly earning that amount to 12 lakhs, then he/she will be categorized as Medium Income Group 1. 12 lakhs, they must have an annual salary of Rs. Save my name, email, and website in this browser for the next time I comment. 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