Home Loan Subsidy Yojna: The government has brought a plan for those who do not have their own home. Name of this scheme Home loan subsidy scheme Is. Under this scheme, you can take a home loan to build your house and make a house with the loan amount. Home loan subsidy scheme is a public welfare scheme launched to provide financial assistance to the citizens of the country to buy or build houses.
Subsidy is available in interest rate on home loan
Under this scheme, the government gives subsidy at interest rate on home loans. To take advantage of this scheme, the person has to fulfill some criteria. The scheme has been launched to provide benefits to the people of the Economically Weaker Class (EWS), low income group (LIG), and middle income group (MIG and II). Under this scheme, in new construction and existing houses. Grants are provided on home loans taken to add rooms, kitchens, toilets etc.
Under this scheme, home carpet area for EWS should be 30 square meters and 60 square meters for LIG. However, the beneficiary can also build a big house according to himself, but the interest grant will be available only up to Rs 6 lakh only.
Grants get this way
Under this scheme, subsidy is provided by Rs 2.30 lakh to Rs 2.67 lakh. The maximum period of grant is up to 20 years. If a person takes a loan of Rs 10 lakh for 30 years, then he is provided subsidy at Rs 9 lakh for 20 years. The normal loan rate will be applicable for the remaining 1 lakh rupees. And he will have to repay the loan at a normal interest rate for the remaining 10 years after 20 years.
मुख्यमंत्री फ्री प्लाट योजना 2024
Eligibility required for taking loan
- Under the PM Home lawn subsidy scheme, citizens of all religions and caste will be eligible to apply.
- The benefit of this scheme will be available only to the people of the weaker sections who live in a rented house, raw houses, chaul or slum in the city.
- Only those who will get the benefit of the scheme Pradhan Mantri Awas Yojana The benefit of has not been found.
- To avail benefits under the PM Home Loan Subsidy Scheme, the applicant must have a link to Aadhaar card.
- It is necessary that no bank has declared a defaulter by the candidate.
Documents required for the scheme
- Aadhar card
- Address proof
- Caste certificate
- Driving license
- Income certificate
- Bank passbook
- email id
- Mobile number
- Passport Size Photo
How to apply
If you want to apply to get subsidy in home loan scheme, then you will have to wait a little bit now. This is because preparations are going on to launch the plan right now. Soon the cabinet will get approval to launch the scheme, after which the application process will be started under this scheme and then you will be able to apply. In such a situation, the application process for this has not started yet.
