PM Awas Subsidy: If you have applied for PM Awas Yojana and you have not received the subsidy money yet, then do not worry. On behalf of the central government, the poor, needy, and middle class of the country are given subsidy facilities under PM Awas Yojana. Under this scheme, the government gives a subsidy of Rs 2.67 lakh to first-time home buyers.
About PMAY Scheme
The Central Government started this scheme (Pradhan Mantri Awas Yojana) in the year 2015. Under this scheme (PMAY), the government started providing houses to economically weaker people. The government aims to provide houses to the people living in slums, kutcha houses by the year 2022. Along with this, the government also provides the facility of loans and subsidies.
PMAY Subsidy Eligibility
The government gives the benefit of this scheme (Pradhan Mantri Awas Yojana) to those people whose annual income is less than 3 lakh rupees. The central government gives this subsidy to the people of the economically weaker sections. Apart from this, people whose income is between 3 to 6 lakhs, have been kept in the part of the low-income group. At the same time, people whose income is between 6 to 12 lakhs are kept in the middle class.
PMAY Subsidy Status
Check the status on the official website-
- You have to first visit the official website.
- Now here you have to click on ‘Search Beneficiary’.
- You have to click on ‘Search By Name’.
- Now you have to fill your name and details here.
- After this, your name details will come.
- A list will appear here, from which you can check your name.
The process to claim PMAY Interest Subsidy Benefit (PM Awas Subsidy)
The following steps can help you get a home loan subsidy under the PMAY scheme:
Check Your Income Limit: If you are thinking of applying for the PMAY subsidy on your home loan, you should first check if you meet the income requirements (EWS, MIG, or LIG) of the scheme. The carpet area of your residential house, for which you will be eligible for the PMAY scheme, will be determined by the criteria of your income. You can use the PMAY subsidy calculator to know how much you can save on your home loan.
Fill PMAY Application Online: PMAY Application can be completed both online and offline. While filing an offline application is a time-consuming process, you can apply for PMAY online by following the procedures given below.
For more details visit the PMAY website https://pmaymis.gov.in. Select the category for which you want to apply for the scheme under the ‘Citizen Assessment’ page. To link your Aadhar card with your application, fill out the form below (it is mandatory) You will be taken to the application form, where you will have to fill in your other personal information. To save your PMAY application for future use, click on the ‘Save’ button.
What are the benefits of the CLSS scheme?
The discounted interest rate on your home loan is up to a specified level. Under the scheme (Pradhan Mantri Awas Yojana), the subsidy amount is directly deposited in your account. As a result, both your outstanding principal and your EMI get reduced. You can extend the tenure of your loan up to 20 years. There is no upper limit on the loan amount. If the amount exceeds the indicated limit, interest will be charged at the lender’s normal rate. You may be eligible for tax benefits as a result of the government’s home loan subsidy, as specified in the Income Tax Act of 1961.
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