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%.