Pradhan Mantri Awaas Yojana Scheme

Pradhan Mantri Awaas Yojana Scheme - Benefits, How to Apply Online & Offline Mode: It is the dream of everyone to own a house. But it is not easy to realize the dream as a large amount of money is required. Most of the people take a housing loan from banks and other financial organizations. There is a central government scheme that helps to get reduction benefit on your home loan. Pradhan Mantri Awaas Yojana scheme was launched by the government of India in 2015. This scheme was launched to ensure that people who are living in urban as well as rural areas have their own houses. The subsidy is given to eligible people who purchase the house under this scheme.

Benefits of Pradhan Mantri Awaas Yojana Scheme

Pradhan Mantri Awaas Yojana Scheme is not available for everyone. This applies to only selected few.
People belonging to financially weaker sections, middle income groups, low income groups are only eligible.
Those who are eligible to apply for a home loan under Pradhan mantra Awaas Yojana will get a maximum subsidy of Rs.2.67 on interest. For example for a total loan amount of Rs. 6 lakhs, subsidy on interest is around 6.5%. People belonging to weaker sections and lower income groups get maximum benefits from this scheme.
They can get up to Rs. 2.67 lakh subsidy on interest.
This is applicable up to 20 years loan tenure. Interest subsidy is applicable to only Rs. 6 lakh loan amount and for the remaining amount benefits of the scheme are not applicable.

How to Apply Pradhan Mantri Awaas Yojana Scheme Online

To get a loan under Pradhan Mantri Awaas Yojana Scheme,

1)Visit the official website (https://pmaymis.gov.in/).
2)You can see the citizen assessment tab there.

3) Click on the option ‘Benefit under the 3 components’.

3) Enter your Aadhar number and complete the verification.

4) The application process is on the next page. The central government made Aadhar number compulsory to ensure that the scheme benefits are not misused. In the next page, applicants have to enter their personal details, address and details of the family members.
5) After entering all the required details submit the application.

How to Apply Pradhan Mantri Awaas Yojana Scheme Offline

To apply for a home loan under Pradhan Mantri Awaas Yojana Scheme, go the nearby banks, housing finance companies, regional rural banks, state cooperative banks, urban co-operative banks, small finance banks etc. There is also a chance to apply through urban local bodies. It is better to contact the bank in which you have a savings account.