Under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G), the government provides money support for the construction of pucca houses featuring all basic facilities like electricity supply and sanitation. All those families who do not have a home or are currently living in raw or dilapidated houses in rural areas of India, can apply for PMAY-G.
In PMAY-G, you can take a loan of 6 lakh rupees at an interest rate of up to 6.5 percent annually. The minimum size of the house should be 25 square meters with all basic facilities such as power supply and clean cooking space.
CLSS or credit linked subsidy is given under this scheme. If you want more than this to build a house, then you will have to take a loan at that extra amount at the normal interest rate. Now when many calculators exist on the online website. You can also calculate the monthly installment according to your home loan amount and interest rate. According to the information given on www.paisabazaar.com, if your annual income is Rs 6 lakh and the maximum loan amount is Rs 6 lakh, then you will get 6.5 percent subsidy. NPV will be Rs 2,67,000 after subsidizing your interest at 6.5 percent subsidy. According to this, your PMAY loan actually becomes Rs 3.33 lakh instead of Rs 6 lakh.
Who will get the benefit – Apart from the list of below poverty line (BPL), there are some other persons who are eligible to get the benefits of PMAY-G.
On the basis of which the list is prepared – The Government pays attention to Socio Economic Cast Census 2011 i.e. Socio Economic Caste Census 2011 to identify the beneficiaries under the Pradhan Mantri Awas Yojana. In addition, the government includes tehsils and panchayats to decide the final list.
If you have applied , how to check the name- First of all go to rhreporting.nic.in/netiay/Benificiary.aspx website. If the registration number is there, enter it and click, after which the details will be revealed. If there is no registration number, click on ‘Advanced Search’. After that fill the form that came. Then click on search option. If your name is present in PMAY-G list, then all related details will be visible.
These documents – filled PMAY G application form, ID proof (eg Aadhar Card, Voter ID, etc.), ethnic group certificate, proof of income, income certificate, if income is less than taxable limit, address proof, salary proof Letter, 6 months bank statement, income tax return, Form 16, tax assessment order, business information if the applicant is involved in business, economic statement in case of business, plan of construction, certificate of claim of cost of construction , Official appraiser’s certificate, an affidavit certifying that neither the applicant nor his family members own a pucca house, the receipt of any advance payment made to the builder was made with the developer or builder Agreement, NOC from a Housing Society