Pradhan Mantri Awas Yojana – The interest subsidy scheme CLSS means Credit Linked Subsidy Scheme introduced by Ministry of Housing & Urban Poverty Alleviation (MHUPA) was announced by our honourable Prime Minister Sh. Narendra Modi with a vision of housing for all in 2022.
Underneath PMAY scheme, the beneficiary is eligible to avail interest subsidy on the purchase/construction/enhancement of a house.
Many financial institution offers “Credit Linked Subsidy scheme” for Economical Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG) categories under Pradhan Mantri Awas Yojana.
Enjoy interest subsidy of 6.50% to 7.50% p.a for loan amount upto 12 lakhs.
Salient features of scheme:
• Interest subsidy benefit is intended for 20 years
• Welfares available for the first property purchase
• Applicants should be of immediate family comprising self, spouse and unmarried children only
• Women Ownership is obligatory under EWS & LIG category for purchase of a new house
For more information on the scheme please refer www.mhupa.gov.in
A one-of-its-kind initiative by the central government, the Pradhan Mantri Awas Yojana (PMAY) is a credit-linked subsidy scheme that aims at providing housing for all by 2022. Under the PMAY scheme, potential homeowners can avail subsidy on home loans to either build, buy, renovate or make any kind of extensions. The Individuals who are eligible for PMAY scheme are: Any household with an annual income between ₹ 3 lakh to 18 lakh can apply for this scheme. The applicant or any other family member must not now own a pucca house in any part of the country. The beneficiary cannot avail PMAY benefits on the already built house. The PMAY aims to provide housing for 20 million individuals by 2020 by offering interest subsidies for buying homes and constructing affordable housing. The government has reduced the GST rate on home loans from 12% to 8% for those applying under PMAY schemes. This will give urban home investors like you a big boost. PMAY is also useful for business loan so that anyone can do their business in well manner. So for that they need to provide a proper project report so that they can able to get bank loan for their business start-up but before that they need to know at least what is project report, what is CMA Data etc. so they can get their reports. Once they decide what type of report they need for their start-up like Project Report for Industries, Project Report in entrepreneurship, Company Project Report, etc. they can do further process. Or some time they even use online Project Report tool to get Project Report. And for doing all this activities they need to know first Bank loan process also what Types of Project report they are able to take from bank. Also they can get subsidy DPR for Subsidy Project Report and for that they need to know what kind of Documents for subsidy they are needed. And with the help of loanDPR.com they can do all these staff in very less time or accurately.
LoanDPR.com is an online platform for generating Project Reports to get bank loans and even project reports for subsidy. Whether you are a New Start-up Company or an Established Company, user can create Project Report required for bank loan and also required CMA reports. It’s User Friendly and Do it by Yourself Platform, created for End Users, Entrepreneurs, Business Owners, Chartered Accountants, Tax Consultants, Finance Professionals, Bank Employees etc. You can generate Business Project Report for Bank Loan and also prepaid Project Report in just 10 minutes by using user interface provided by LoanDPR.com
For any assistance or more information feel free to contact us at contact@LoanDPR.com or at WhatsApp no. +91-8459973683 or +91-8459941735
Total Visitors : 5776
Total views : 12680