House is one of the basic needs of any family. Everybody has a dream to live in his own house. Here lies a question that a person who does not have a good amount of money at particular time has no right to see dreams. Should he stop dreaming, No because there is a solution for thee queries. Government of india has launched a new scheme “pradhan mantri Awas Yojana” to convert is dreams in to reality. Pradhan mantri awas yojana is a vision of prime minister narendra modi of india where all facilites will be provided in pone place.
Mission Of PMAY 2017
The mission of the scheme is being implemented
during 2015-22 and provide central assistance to Urban Local Bodies and other implementing agencies through states / UTs for.
“In Situ” Rehabilitation of existing slum dwellers using land as a resource through private participation.
Credit Linked Subsidy
Affordable housing in partnership.
Subsidy for beneficiary led individual house construction enhancement.
Objectives of PMAY 2017
A comprehensive mission of PMAY pradhan mantri awas yojana 2017 Housing schemes aims to create :
Affordable homes with water connection, toilet facilities, 24*7 electricity supply and complete access.
20 million house to be built across nations length and breadth.
Targetting the lower income group (LIG) and Economically weaker section of our society (EWS), basically the urban poor by the year 2022.
2 million non – slum urban poor households are proposed to be covered under the mission.
Pradhan Mantri Awaas Yojana 2017 PMAY 2017 for loans up to 12 lakhs and loans up to 9 lakhs is One of the key announcements of prime minister narendra modi new year eve’s speech. Two New housing Schemes house laons has been launched by pm Narendra Modi. According to which in year 2017,
There will be 4% rebate on interest of the housing loan up to Rs. 9.00 lakhs taken in year 2017.
There Will be 3% rebate on interest of the hosing loan up to Rs. 12.00 lakhs taken in year 2017.
Housing Loans of up to 12.00 Lakh rupees taken in year 2017 will receive interest subvention of 3%. Housing Loans of up to 09.00 Lakh rupees taken in year 2017 will receive interest subvention of 4%. Also pm narendra modi addresses about honesty Do you not feel, that for the good of the country, this movement for honesty, needs to be further strengthened: PM . further also pm narendra modi thanks banks for their extra ordinary work and let the nation knows that only because of banks demonetisation movement has been successful.
Also government to pay interest for 60 days on loans taken by farmers for rabi seasons from district co operative banks and from primary societies. Government to stand also guarantee for laons up to Rs. 2 crore fom current Rs. 1 crore to small business man. Banks have been also asked to raise cash credit limit to small businessman to 25% from 20%. 8% interest rate will be guaranteed TO senior citizens for 10 years of deposit maximum amount 7.50 Lakh.
The main objective behind pmay 2017 is to provide housing within reach of poor and middle class families.
Key Feature of pradhan mantri awaas yojana 2017 is.
Interest subventions for the loans of up to Rs. 12.00 Lakhs. The number of houses being built under pradhan mantri awaas yojana in rural areas increased by 33 %.
Under the pradhan mantri awaas yojana in urban areas, loans of up to Rs. 9.00 Lakh will recieve interest subvention of 4%, loans of up to Rs. 12 Lakh taken in 2017 will receive interest subvention of 3%.
Loans of up to Rs. 2 lakh taken in 2017 for new housing or extension of housing in rural areas will receive interest subvention of 3%.