Pradhan Mantri Awas Yojana (PMAY): Many schemes are being run by the central government to help the poor and economically weaker people. This also includes the PM Awas Yojana. The government is allotting houses to economically weaker people through this scheme. Let us tell you that PM Awas Yojana 2.0 is currently being run by the government. Under the scheme, the government will provide financial assistance to the middle class and poor families living in the city to build, buy, and rent a house at the right price. The government aims to provide a pucca house to everyone to improve the people’s lives.
Know who is getting the benefit?
According to the official website of PM Awas Yojana, the government is giving the benefit of the scheme to people living in slums, minorities, disabled, Scheduled Castes and people suffering from society. Apart from this, street vendors, workers, cleaners, Anganwadi workers, etc., will get financial help.
What should be the eligibility to avail the benefits of PM Awas Yojana?
Let us tell you that the benefit of PM Awas Yojana is being given only to the weaker sections, low-income middle class people. Thus, those who do not have a permanent house. They are getting the benefit of this scheme. If they come from the weaker sections and their annual income is up to Rs 3 lakh. Apart from this, people with low incomes, whose income ranges from Rs 3 lakh to Rs 6 lakh, benefit from the scheme. At the same time, people coming from the middle class, whose income is from Rs 6 lakh to Rs 9 lakh, are getting permanent houses.
EWS family: Annual income up to Rs 3 lakh.
LIG family: Annual income from Rs 3 lakh to Rs 6 lakh.
MIG family: Annual income from Rs 6 lakh to Rs 9 lakh.
According to the PM India website, this scheme addresses the need for affordable housing in urban areas through the following areas.
How much subsidy will you get
Let us tell you that if you take a loan of up to Rs 25 lakh, then 4 percent interest subsidy is being received on the first loan of Rs 8 lakh for a tenure of 12 years. At the same time, eligible people will get a maximum subsidy of Rs 1.80 lakh. The payment of which will be made in installments of 5 years. This money will come directly into the account.
