Pradhan Mantri Awas Yojana PMAY Know Eligibility Process To Apply in Telugu
The central government has recently given good news to the rural and urban poor.
It has been decided to build another 3 crore houses as part of the PM Awas Yojana scheme to build pukka houses for the poor.
It was approved in the first meeting of the Union Cabinet headed by Prime Minister Narendra Modi.
The Center has been implementing the Pradhan Mantri Awas Yojana since 2015-16 to build houses with basic facilities to the deserving poor.
In the last ten years, 4.21 crore houses have been completed and provided to the deserving poor.
Now it has decided to build another 3 crore houses.
Facilities such as toilets, LPG connection, electricity and drinking water supply will be provided by integrating other schemes implemented by the central and state governments.
Homeless people anywhere in India are eligible for interest subsidized loan under PMAY.
The government housing scheme, Pradhan Mantri Awas Yojana is divided into two parts.
Pradhan Mantri Awas Yojana Urban, Pradhan Mantri Awas Yojana Grameen or Rural.
Those who get loan through Arbana Yojana will get concession in interest.
EWS with annual family income below Rs.3 lakh, LIG families with annual income of Rs.3-6 lakh, Middle Class Group-1 families with annual income of Rs.6-12 lakh, Middle Class Group-2 families with annual income of Rs.12-18 lakh deserve Credit Linked Subsidy Scheme provides interest subsidy to all sections.
Eligible urban poor can avail home loans at subsidized interest rates for construction, improvement and extension of rooms.
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