Table of Contents
How much money is given in Pradhan Mantri Awas Yojana?
The Urban division of Pradhan Mantri Awas Yojana comprises around 4,300 cities and towns across India….Offers and Advantages of PMAY-U.
| Features | MIG-I | MIG-II |
|---|---|---|
| Maximum subsidy amount | Rs. 2.35 Lakh | Rs. 2.30 Lakh |
| Maximum Home Loan Quantum for Subsidy | Rs. 9 Lakh | Rs. 12 Lakh |
Is PMAY applicable for under construction flats?
No, you cannot avail PMAY subsidy benefits for a resale flat as the scheme is applicable for the purchase or construction of new houses, extension or improvement of existing homes.
Is Pradhan Mantri Awas Yojana still available?
The scheme extended up to March 2020 for the first time and then the government, on May 14, 2020, announced the further extension of the deadline for the affordable housing CLSS scheme for one year, that is, till March 2021. The subsidy benefits for MIG-I and MIG-II categories ended on March 31, 2021.
Can we sell pm Awas Yojna house?
Can I sell a PMAY house? A. If you have purchased the house under the Pradhan Mantri Yojana, you cannot sell that property within five years of its buying. The main purpose of the PMAY is to provide homes to needy people.
Is PMAY scheme extended till 2022?
The Pradhan Mantri Awas Yojana (PMAY) is an initiative of the Government of India which aims at providing affordable housing to the urban poor by the year 2022. The last date for availing the PMAY CLSS scheme for the LIG and EWS categories has been extended to 31 March 2022.
What is the last date of Pradhan Mantri Awas Yojana?
March 31, 2022
The PMAY scheme is being implemented in three phases, with the first two phases having ended. Currently, the last phase is on; it began on April 1, 2019, and will end on March 31, 2022.
Is PMAY extended to 2022 for MIG?
The PMAY scheme is being implemented in three phases, with the first two phases having ended. Currently, the last phase is on; it began on April 1, 2019, and will end on March 31, 2022.
What is PMAY LIG?
Light Income Group (LIG): People that fall under LIG category usually have an annual household income ranging between Rs. 3 lakh to 6 lakh. 18 lakh will fall under MIG2 of the PMAY scheme. These people can avail loans of up to Rs. 12 lakh.
How do you get government flats?
To apply for a government Subsidy house take the following documents to a provincial office of the DHS, or your municipal offices:
- Applicant and spouse’s identity documents (green book or ID card)
- Certified copies of birth certificates of children.
- Proof of income if working, e.g. salary slip.
How does a government housing subsidy work?
Individual housing subsidies are available to low-income households, where an applicant wishes to buy a residential property for the first time. The subsidy can be used to buy an existing house – including the property on which the house stands. You do not have to repay this subsidy as it is not a loan.