PM Home Loan Subsidy Yojana 2024: Government is Giving loan Up to Rs 50 lakh

PM Home Loan Subsidy Yojana 2024
PM Home Loan Subsidy Yojana 2024

PM Home Loan Subsidy Yojana 2024

Prime Minister Modi is preparing to launch the PM Home Loan Interest Subsidy Scheme for the low-income group people living in rented houses or kutcha houses in urban areas. In this scheme, the low-income people of the country People will be given interest rebate of 3% to 6.5% every year on home loans up to Rs 50 lakh for 20 years and this amount will be transferred directly to their bank account.

Under this PM Home Loan Subsidy Yojana, a loan up to Rs 9 lakh can be provided on which the beneficiaries will get interest subsidy every year. Also, for this, the government has decided to bear the expenditure of Rs 60,000 crore which will be used to provide benefits to 25 lakh home loan applicants. For detailed information about the scheme, read the information given below carefully.

Overview

Name of the scheme

PM Home Loan Subsidy Yojana 2024

Who started it

Prime Minister

beneficiary

Low-income people of the country

Objective

people of low-income group will be provided their own houses at Low rates

About Yojana


  • Under the Prime Minister Home Loan Subsidy Scheme, people of low-income group will be provided their own houses at cheap rates. Due to which people living in slums or rented houses will be able to get cheaper houses and their standard of living will improve. And the date of implementation of this scheme has not been released yet, it may soon get approval from the cabinet. After this the PM Home Loan Subsidy Scheme will be started and the beneficiaries will get its benefits. This scheme is especially designed for people living in urban areas.

Eligibility Criteria


  • Citizens of all religions and castes are eligible to apply under PM Home Loan Subsidy Scheme.

  • The benefit of this scheme will be available only to the weaker section of the people who live in rented houses, kutcha houses, chawls or slums in the city.

  • The benefit of the scheme will be available only to those who have not got the benefit of Pradhan Mantri Awas Yojana.

Benefits


  • Preparations are being made to launch the PM Home Loan Interest Subsidy Scheme for people living in cities who live on rented houses, live in kutcha houses or reside in slums.

  • Under this scheme, home loans will be provided to low-income group citizens at cheap interest rates.

  • Under the scheme, these families will be given interest subsidy of 3% to 6.5% per annum on home loan amount of Rs 9 lakh.

  • The interest subsidy amount will be transferred directly to the bank account of the beneficiaries.

  • 25 lakh home loan applicants are going to benefit from this scheme and the government is going to spend Rs 60,000 crore in 5 years under the scheme.

  • People from lower income group will have their own house which will raise their standard of living.

Required Documents


  • Aadhar card

  • Address proof

  • caste certificate

  • driving license

  • income certificate

  • bank passbook

  • email id

  • mobile number

  • passport size photo

How to Apply

If you want to apply under PM Home Loan Subsidy Yojana 2024, then you will have to wait for a while because preparations are going on to launch the scheme. Soon, approval will be given by the Cabinet to launch the scheme, after this the process of application under this scheme will start and then you will be able to apply. Till then please wait a bit, as soon as any official information is released by the government

FAQ

  • What is PM Home Loan Subsidy Yojana 2024?

Under the Prime Minister Home Loan Subsidy Scheme, people of low-income group will be provided their own houses at Low rates. Due to which people living in slums or rented houses will be able to get cheaper houses and their standard of living will improve.

  • How much Amount Government will give under PM Home Loan Subsidy Yojana 2024?

Under this scheme an amount of Rs 50 Lakh will be given to Women.

  • What is the mode of PM Home Loan Subsidy Yojana 2024?

Application process details will be updated soon on its official website.

  • What is the main objective PM Home Loan Subsidy Yojana 2024?

people of low-income group will be provided their own houses at Low rates

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