Pradhan Mantri Awas Yojna
“Home is the starting place of love, hope and dreams”. Housing is a dream for weaker sections of the society but under this scheme your dream will turn to reality.
It basically targets the Middle Income Group (MIG), Lower Income Group (LIG) and Economic weaker section of society (EWS).
Eligibility Criteria for scheme:
- The beneficiary family should not own a house either in his/her name or in the name of beneficiary family members.
- The house to be purchased should contain female ownership mandatorily.(It is mandatory only in case of EWS/LIG but not in MIG-I and MIG-II)
- Property should fall within 4452 statutory towns as per 2011 census and other areas as notified from time to time.
Below mentioned is the brief guideline of PMAY scheme-
| CRITERIA | EWS+LIG | MIG-I | MIG-II |
| Annual Income | Upto Rs. 6 Lakh | Rs. 6lakh-12 lakh | Rs. 12lakh-18lakh |
| Carpet Area | 322-645 sqft | 645-1290 sqft | 1290-1615 sqft |
| Woman ownership | Yes (Except for construction) | NA | NA |
| Max Loan Amt | Upto 6 lakh | Upto 9 lakh | Upto 12 lakh |
| Subsidy% | 6.5% | 4% | 3% |
| Subsidy Amt | Rs. 2.67 lakh | Rs.2.35 lakh | Rs. 2.3 lakh |
| Tenure of loan | 20 yrs | 20 yrs | 20 yrs |
| Property should be | 1 home of family | 1 home of family | 1 home of family |
| Loan purpose | Purchase/Self Construction/ Extension | Purchase/Self Construction | Purchase/Self Construction |
Moksha Financial Services Pvt Ltd will turn your dream into reality. It is the path which will lead to your own house. We always keep client requirements first & foremost and will get your requirement done at lowest affordable rates. So come to Moksha Finance to fulfill your dream.