PMAY Home loan Subsidy Status 2022 Eligibility | last date | Interest rate

The Central Government has released PMAY with the help of a survey done under the Socio-Economic and Caste Census in 2011. It has also known as SECC 2011. Most importantly, it helps in finding or identifying the eligible candidates for the PMAY scheme. Now, applicants can check the details related to Pradhan Mantri Awas Yojana Home Loan Subsidy Status 2022. Also, the interest rate list has available on the official website.

PMAY Home loan Subsidy Status 2022

As a result, the scheme’s main aim has to simplify the whole procedure of purchasing the house by the economically weaker families. So, if you have a dream of your own house. And still, this has not been possible due to financial issues. Then do apply now through the online method or by visiting the bank given in the list by the concerned department.

Although the rate of interest provided in the PMAY scheme has less than other schemes which have come under the commercial scheme by banks. Due to this scheme of the central government people can easily avail the services of subsidized loans. We also share details with our readers about how to calculate your EMI under the PMAY scheme as beneficiaries.

PM CLSS Application Form 2022

However, the Pradhan Mantri Awas Yojana has also been categorized area-wise, such as Pradhan Mantri Awas Yojana Urban, Pradhan Mantri Awas Yojana Rural/ Gramin. So, who so ever area you belong to you can check your eligibility under the scheme which has also been made available below on our page. Check the given information before you apply under the yojana.

Due to this project, slum dwellers residing in the confined areas can also complete their requirements of housing. Because of poor sanitation, infrastructure, and poor drinking water facilities, some people do need the help of the government. As per their condition, the diseases arise and they face so many issues in every season, whether it’s winter or summer, or rainy. Also know PMAY Home Loan emi calculator

PMAY Home Loan Subsidy
PMAY Home Loan Subsidy

PMAY Loan Subsidy Last Date 2022

Feature under the PMAY scheme :

  • At first, for poor people, the central government has to provide better habitat. Also, the designing and planning of the building have been done by the proper team.
  • Secondly, in this scheme best construction practice has done for the people.
  • Most important, the government department has picked up the best suitable material for the project. Quality will also not be compromised under this project for the safety of people.
  • The central government has also planned for the development of environment-friendly houses with the help of this scheme.
  • At last, for building design and construction, the most innovative technologies have been preferred under the PMAY scheme.
  • As a result, of this scheme, the subsidy interest is provided for the beneficiaries at 6.5% per annum on the loan of housing.
  • Then the term of the housing loan has been decided for 20 years for the eligible candidates.
  • While the preference for ground floor has been given to disabled people and senior citizens applied under the scheme.
  • Although, this scheme has been introduced for lower-income group families. But candidates from SC, ST, OBC categories can also apply. Also, women can apply for taking benefits of their own house.
Name of the Post Pradhan Mantri Awas Yojana Gramin/ Urban
Started by Prime Minister of India Mr. Narendra Modi
Launched in year 2015
Worked under The Central Government of India
Its benefits To provide housing for all
Current Year 2022
Beneficiaries of scheme Citizen with low income in India
Official Website Available below

PMAY Loan Interest Rate Calculator

The Finance Minister under the Central Government of India has recently announced the Union Budget for this year 2022. Mrs. Nirmala Sitaraman has said that the scheme can be extended for people. /so, that they can apply under this affordable housing project. For migrant workers from any state, the government has also provided affordable rental housing in the Budget session.

Calculation of EMI under the Pradhan Mantri Awas Yojana

  • At first, the total amount of the loan is in Rupees.
  • Then the rate of interest is needed.
  • After that, the total loan time period in months has been decided.
  • All the following details applicant has to punch in the calculator given on the official page.
  • At last click on the calculate button.
  • And your details come onto your screen.

PMAY Home Loan Subsidy Form 2022

PMAY home loan Eligibility Criteria =

  • Firstly, applicants who applied under the scheme, must not have their own pucca house before this scheme.
  • Then, the family income of the applicant should be 18 lakh per annum can apply under the yojana.
PMAY CLSS Calculator online
PMAY CLSS Calculator online
  • Although the income of the spouse should also mention at the time of application submission.
  • Also, those beneficiaries who already have one built house, can not take benefit of this scheme.
  • As a result of this scheme, no assistance has been given from any other department under the government.
  • Secondly, all the statutory towns notified in the Census 2011 survey can get coverage of this project for housing for all.
  • Applicants can get also a subsidy either single or married, in both ways they can apply.
  • Do follow us for more details related to this scheme.
PMAY Interest Subsidy Details :
Categories Interest Subsidy Maximum Loan for Subsidy
LIG 6.5% per annum Rs 6 Lakh
EWS 6.5% per annum Rs 6 Lakh
MIG I Group 4% per annum Rs 9 Lakh
MIG II Group 3% per annum Rs 12 Lakh

PM Awas Home Loan Subsidy Form 2022

Document required for Home Loan :

KYC Documents

  • Aadhar Card
  • PAN Card
  • Passport ( in case of NRIs)
  • Residence Proof

Income Proof Documents

  • Salary Slip
  • Form no.16 for salary
  • Income Tax Returns for last 3 years
  • Financial proof for the self-employed or current profession.
  • For the last 6 months to 12 months Bank statement.

Property Documents :

  • Proof of property ownership
  • Also, in the case of flats, the allotment letter is required for society or builders.
  • Tax paid receipt ( up to date)

PMAY Loan Subsidy Form 2022 online

How to get PAMY loan Interest Subsidy?

  • Firstly, applicants have to apply for a home loan from the bank they have comfortable with having subsidies.
PMAY Home Loan Subsidy portal
PMAY Home Loan Subsidy portal
  • Then the bank will review the application you submitted. And also they check whether you have eligible under the scheme or not.
  • After that, your application will have forwarded to the Central Nodal Agency.
  • So, after the verification, if your application has been considered for the scheme and there has been no error in your details.
  • Then the Central Nodal Agency will issue the subsidy amount to the concerned bank.
  • At last, the amount will credit to your loan account from the applied bank which will also lower the total amount of your loan.
  • Then, the applicant can pay the remaining EMIs towards the balance loan amount.

If you want to contact the concerned department, then helpline numbers are also mentioned below. Feel free to call on these numbers as per your area details.

The toll-Free number of URBAN HUDCO: 1800-11-6163

For Urban NHB Helpline Number: 1800-11-3388 or 1800-113377

The toll-free number for Gramin: 1800-11-6446

Official Portal Click here
MPNRC Home Click here

5 thoughts on “PMAY Home loan Subsidy Status 2022 Eligibility | last date | Interest rate”

  1. property on husband name , but bank refuses to give loan on wife name, despite
    we assure them , husband can be co borrower, still they refuse

    Reply
  2. I have applied for a loan to purchase a flat in pune and a loan sanctioned from HDFC bank. This is our first property but our family’s annual income is 13 Lakh per year. Can we get benefits of PMAY? Please guide us.

    Reply

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