Pradhan Mantri Awas Yojana: 2691 crore has been released by PM Narendra Modi under PM Awas Yojana. These have been sent to the bank accounts of the people, so that more than 6 lakh houses will be constructed in rural areas. This amount has been released for Uttar Pradesh. PM Modi said that having his own house increases confidence in people. Self-reliance is directly related to self-confidence. Explain that under the PM Awas Yojana Gramin, loans are given to low income people on subsidy to build houses.
PM Narendra Modi has transferred the first installment of housing construction to 5.3 lakh beneficiaries of Pradhan Mantri Awas Yojana (Rural) and the second installment to 80 thousand beneficiaries under the financial year 2020-21. In PMAY-G (PMAYG), if your income is up to 6 lakh rupees per annum, then a loan linked subsidy of 6.5 percent will be available on a loan of 6 lakh rupees. The loan should be for a maximum period of 20 years. If you want more than this to build a house, then you will have to take a loan with the normal interest rate on that additional amount.
Annual Income: Rs 6 Lakh
Maximum loan amount: Rs 6 lakhs
Subsidy: 6.5 percent
Loan amount: 6 lakh rupees
Rate of interest: 9 percent
Monthly EMI: Rs 5398
Total interest in 20 years: 6.95 lakh rupees
NPV will be Rs 2,67,000 after subsidizing your interest at 6.5 percent subsidy. According to this, your PMAY loan actually becomes Rs 3.33 lakh instead of Rs 6 lakh.
How to apply?
To apply under the Pradhan Mantri Awas Yojana Grameen Yojana, the government has created a mobile-based housing app. It can be downloaded from Google’s Play Store. After downloading, you will have to create a log-in ID with the help of mobile number. After this the app will send a one-time password to your mobile number. After logging in with this, fill the required information. After applying to get a house under PMAY-G, the central government elects the beneficiaries. After this, the final list of the beneficiaries is put on the PMAY-G website.
PMAY Rural List: How to check name
First of all visit the website rhreporting.nic.in/netiay/Benificiary.aspx.
If the registration number is there, enter it and click, after which the details will be revealed.
If there is no registration number, click on ‘Advanced Search’.
After this, fill the form that comes.
Then click on search option.
If your name is present in PMAY-G list, then all related details will be visible.