WebSep 30, 2024 · The income plays a bigger role here as households with the family’s total income of INR 18 lakh per year or more would be ineligible to avail benefits under the … WebFeb 1, 2024 · A household with an annual income up to INR 18,00,000 can apply for the PMAY scheme. One can also include the annual income of their spouse while applying. One cannot avail the benefits of PMAY on the already built house. The individual and the family seeking PMAY, should not have availed any central assistance under any housing scheme.
PMAY (U)
WebMay 25, 2024 · The PMAY aims to provide housing for 20 million individuals by 2024 by offering interest subsidies for buying homes and constructing affordable housing. The government has reduced the GST rate on home loans from 12% to 8% for those applying under PMAY schemes. This will give urban home investors like you a big boost. Benefits … WebMedium Income Group (MIG2): Individuals earning an annual household income between Rs.12 to Rs.18 lakh will fall under MIG2 of the PMAY scheme. These people can avail … ukraine without power january
SBI PMAY: Eligibility, Documents, and Application Process
WebMar 8, 2024 · To be eligible for the PMAY scheme, applicants must belong to one of the four categories – economically weaker sections (EWS), a low-income group (LIG), a middle-income group I (MIG I), and a middle-income group II (MIG II). The annual household income of the applicant should be within the prescribed limit for each category. WebMar 16, 2024 · The Pradhan Mantri Awas Yojana (PMAY) scheme primarily addresses the housing needs of the rural and urban poor. This involves slum dwellers in confined areas with limited facilities, inadequate sanitation and lack of safe drinking water. Beneficiaries are of 3 different types, i.e. 1. Middle Income Groups (MIGs) 2. Low-Income Groups (LIGs) 3. WebAug 2, 2024 · Middle Income Group 1 (MIG1), whose annual household income is between Rs. 6 lakhs and Rs. 12 lakhs, and who can take out loans of up to Rs. 9 lakhs with 4% subsidy. Middle Income Group 2 (MIG2), whose annual household income is between Rs. 12 lakhs and Rs. 18 lakhs, and who can take out home loans up to Rs. 12 lakhs with 3% … thomi + co ag/sa