Pradhan Mantri Awas Yojana: If you are interested in buying a home, the Credit Linked Subsidy Scheme (CLSS) of the Prime Minister’s Urban Housing Scheme will help you financially. This is quite different from Indira Awas Yojana and Rajiv Awas Yojana.
In fact, the apartments in the old plans were very small. The house was prepared in 30-32 square meters. It was compulsive to take a house like the government, it was a compulsion.
But now it is not so in the Prime Minister’s Urban Housing Scheme. Now the builders are building the house and the government is giving subsidy in interest. Not only this, you can take a flat of 110 sq. Meters.
Most of the old government housing schemes benefited BPL. But now the benefit is also available to those who earn an annual income uptoRs 18 lakhs.
When CLSA was started, the benefit of the beneficiary was only to get the benefit of Rs 6 lakh annually. The maximum area for the house was fixed up to 60 sq. Meters.
Now it is being tried to give benefit to the middle class by adding MIG. Its profit can be raised till 1 January 2018.
RaoInderjit Singh, Minister of State for Housing and Urban Poverty Alleviation, says that the government has set a target to provide houses to all by 2022. In this direction, he is moving forward.
Officials of the Ministry of Housing and Urban Poverty Alleviation say that the application of the first house loan has to be given. The application builder or the lending agency will do the same.
Your Housing Finance Company will send a report to the National Housing Bank for a subsidy. After this, the National Housing Bank will transfer the Subsidiary Amount to your bank.
To take advantage, in an affidavit it has to be told that you and your wife have no other house. Income certificate will be required. Aadhaar card, voter ID card and PAN card will have to be given.
Town planning expert SC Kush says the builders also benefit from the customers under the Prime Minister’s Urban Housing Scheme. Many State Governments have reduced the External Development Charge (EDC) by 60 per cent to make the home cheaper. License fees are also being discounted.