Pradhan Mantri Awas Yojana 2017 Housing For All

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.

  1.  “In Situ” Rehabilitation of existing slum dwellers using land as a resource through private participation.
  2. Credit Linked Subsidy
  3. Affordable housing in partnership.
  4. 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 :

  1. Affordable homes with water connection, toilet facilities, 24*7 electricity supply and complete access.
  2. 20 million house to be built across nations length and breadth.
  3. Targetting the lower income group (LIG) and Economically weaker section of our society (EWS), basically the urban poor by the year 2022.
  4. 2 million non – slum urban poor households are proposed to be covered under the mission.

Coverage Purpose and Rate Of Interest Under PMAY 2017 – Pradhan Mantri Awas Yojana 2017.

The Scheme will cover 4041 statuory towns as per census 2011. List of 4041 statutory towns as per census 2011 is availabe in www.nhb.org.in . Purpose of pradhan mantri awas yojana 2017 is that credit linked subsidy will be availabe for housing loan availed for new construction and addition of rooms, kitchen, toilet etc., to existing dwelling as incremental hosuing.

Area :- The carpet area of housing being constructed or enhanced under this components of the mission should be up to 30 sq. meters for EWS category and up to 60 square meters for LIG Category. The beneficiary, at his / her discretion, can build a house of larger area but interest subvention would be limited to 9 lacs and 12 lacs only. for more details about Rate of interest under subsidy subvention for pradhan mantri awas yojana 2017 read here.

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