You need subsidy to build a house, subsidy is available under this scheme, know: PM Home Loan Subsidy Yojana Everyone wants to have their own house. But due to financial constraints, many people are unable to fulfill this dream. But now the central government has started a new scheme through which poor and middle class people will be able to buy their own house. This scheme is known as 'Pradhan Mantri Home Loan Subsidy Yojana'.
What is Home Loan Subsidy Scheme?
Under the Home Loan Subsidy Scheme, the government will provide home loans to poor and middle class people at affordable rates. The government has allocated a budget of Rs 6,000 crore for this scheme. This scheme will start only after the approval of the Cabinet.
Objective of the scheme
The main objective of this scheme is to provide proper housing to the poor and middle class people. The government aims to provide home loans to 25 lakh people under this scheme.
Eligibility Criteria
- Only citizens of India will be eligible for this scheme.
- The applicant should not have any loan in any other bank.
- Only those people who live in hut, rented house or square will be eligible for this scheme.
- Those who have already availed the benefit of Pradhan Mantri Awas Yojana will not be eligible for this scheme.
Required Documents
- Aadhar card
- PAN card
- Passport size photo
- mobile number
- Age Proof
- caste certificate
- Accommodation quantity
- Bank account statement
- email id