1. Lower Income Group
2. Middle Income Group - I
3. Middle Income Group-II

The above three mention group are eligible for this scheme. All the Beneficiaries can avail this scheme. They are also eligible to avail interest subsidy on the purchase or construction of a house or the enhancement of dwelling unit.

Prime Minister Shri Narendra Modi's Vision "HOUSING FOR ALL"

Eligibility Criteria

• Women who are citizens of India are eligible
• Age should not be 70 years or more
• Economically Weaker Section, Low Income Group, Middle Income Group and Middle Income Group are eligible for this scheme
• Income ranging under Rs. 3 lakh per annum or between Rs. 3 to 6 lakh per annum can avail this scheme.

Points to be noted while applying for the Scheme

1. Applicant should meet the income requirement of the scheme mention above.
2. Applicant should not own a property already anywhere in India under their name.
3. Applicant and Applicant's family should not avail any help of any housing scheme under any Government
4. In case of married couples, either spouse or both of them together can avail the joint ownership. This will be considered as a single subsidy
5. Applicant's under Middle Income Group MIG category, any adult earning member in the family Their marital status can be considered as a separate household.

Coverage under the scheme

As the research done on Census 2011. All Legal city and towns are finally announce as eligible under this scheme.

How the process works with real value ?

1. The Applicant can apply for the housing loan and CLSS subsidy through the Lending Institutions (Banks) with our help.
2. We check diligently that if the applicant fits into the eligibility criteria under the scheme and provide this information to the bank.
3. If the applicant's information match with the given eligibility criteria under the scheme, the bank gives that information to Central Nodal Agency. This agency processes the claim and releases the subsidy amount to the Bank where the applicant has applied home loan with our help.
4. This subsidy amount is adjusted by crediting to the applicant's loan account. This reduces the loan outstanding amount and also the EMI.

Key Features on scheme

1. A woman has to be owner or co-owner.
2. Applicant's family means husband, wife and unmarried children.
3. Interest subsidy of 6.50%* p.a.
4. Whichever is lower Rs. 6 lakh for 20 years or the actual term which will be credited upfront.
5. This subsidy is sanctioned by National Housing Bank (NHB)
6. Actual subsidy amount credited is as approved by the National Housing Bank (NHB)
7. This scheme is very profitable for the one who is purchasing or constructing their First home.

FAQ's

1. How to apply for Pradhan Mantri Awas Yojana?

Home Loans under PMAY, CLSS can be applied at our any branch.

2. Who is eligible for Pradhan Mantri Awas Yojana?

All Indian citizens who are women are eligible. Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group-I (MIG-I) and Middle Income Group-II (MIG-II) are eligible for this scheme. Applicant's age should be less than 70. Income should be below Rs. 3 lakhs per annum for economically weaker sections and between Rs. 3 - 6 lakh per annum for Middle income groups.

3. What is Pradhan Mantri Awas Yojana?

Shri Narendra Modi our honourable Prime Minister started this scheme for lower and economically weaker Group of the society. This yojana is launched to benefit them with a housing loan on purchase or construction of a house. They avail interest subsidy on either purchase or construction of the house.