The process to claim PMAY interest subsidy benefit is given as follows:
- After your home loan is disbursed, the lender will send the required details to the National Housing Bank (NHB) for data validation and other checks.
- NHB after due diligence approves the subsidy to eligible borrowers.
Also to know is, how can I check my PMAY eligibility online?
How to Check PMAY Eligibility Online?
- Enter the total amount of family/ household income.
- Proceed to select a suitable home loan tenor for subsidy calculation. …
- Next, enter the home loan amount in the calculator to complete your PMAY eligibility check online for interest subsidy.
- Go the option titled ‘Citizen Assessment’ on the task bar.
- Select the option ‘Track your Assessment status’ form the drop down menu under Citizen Assessment.
Similarly one may ask, how do I apply for a PMAY loan subsidy?
How to Apply for Pradhan Mantri Awas Yojana Benefits Under Other 3 Components Online:
- Log on to the official Pradhan Mantri Awas Yojana at pmaymis.gov.in.
- Choose the ‘Benefits under other 3 components’ option by clicking the ‘Citizen Assessment’ dropdown.
- Enter your Aadhaar number and click submit.
How do I contact PMAY subsidy?
Contact Us
- Address. Pradhan Mantri Awas Yojana (Urban) Ministry of Housing and Urban Affairs Nirman Bhawan, New Delhi-110011.
- Land line number. 011-23063285,011-23060484.
- Email. pmaymis-mhupa@gov[Dot]in.
- Website. https://pmay-urban.gov.in/
How long does PMAY subsidy take?
When will an eligible customer receive a PMAY subsidy? The complete process from application to the amount being credited into the Home Loan Account takes anywhere between 3-6 months (within 1 year). The government will release the funds only after the verification of all the documents provided by the borrower.
Is government giving subsidy on home loan?
The subsidy is offered for the actual tenure of the home loan or for a period of 20 years. The maximum subsidy amount is Rs. 2.67 lakh. Subsidy can be availed on home loans that were approved on or after 1 January 2017.
What is PMAY LIG?
Light Income Group (LIG): People that fall under LIG category usually have an annual household income ranging between Rs. 3 lakh to 6 lakh. … 18 lakh will fall under MIG2 of the PMAY scheme. These people can avail loans of up to Rs. 12 lakh.
What is subsidy claim approved PMAY?
Credit Linked Subsidy Scheme or CLSS is one of the components under Pradhan Mantri Awas Yojana (PMAY), wherein the government offers interest subsidy on Home Loans taken for the construction, purchase and improvement of the house. The subsidy is targeted at economically weaker and low income groups of the society.
Who is eligibility for Pradhan Mantri home loan subsidy?
Individuals who are eligible for PMAY scheme are: Any household with an annual income between ₹ 3 lakh to 18 lakh can apply for this scheme. The applicant or any other family member must not now own a pucca house in any part of the country. The beneficiary cannot avail PMAY benefits on the already built house.
Who is eligible for PMAY CLSS?
PMAY – CLSS TABULAR GUIDELINES
| Criteria | Existing Instructions(CLSS – EWS +LIG) | CLSS (MIG-II) |
|---|---|---|
| Household/ Annual Income (Rs) | Upto Rs. 6 lakhs | Rs. 12.01-18.00 lakhs |
| Property Area (Carpet Area ## ) | 30/60 sqm* | 200sqm |
| Location | 17778 towns | Urban -2011* |
| Woman Ownership | Yes (except for construction) | NA |