Sunday, May 22

Tag: eligibility for PMAY

Tips to Boost Your Eligibility for Pradhan Mantri Awas Yojana
Real Estate & Finance

Tips to Boost Your Eligibility for Pradhan Mantri Awas Yojana

The government set up an eligibility criteria to avail PMAY benefits Only first time house buyers are entitled for the scheme Beneficiaries are to be divided into 3 segments based on their income Maximum housing carpet area to be eligible for PMAY revised in June 2018 Having set the deadline to provide a home to over 20 million people by 2022, the government has identified over 2,508 cities and towns across the 26 states in the country to build over 2 million houses. The government has also extended the Credit Linked Subsidy Scheme (CLSS) on home loans for properties belonging to the lower and middle income group. However, the Ministry of Housing and Urban Property Alleviation has set the eligibility criteria a prospective applicant needs to meet in order to avail the benefits. S...