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Pradhan Mantri Awas Yojana Scheme 2024 full details in Telugu | How to Apply for PMAY |

Pradhan Mantri Awas Yojana is a Credit Linked Subsidy Scheme (CLSS), which means PMAY scheme beneficiaries are eligible for interest subsidy if they want a loan to buy or construct a new house. The features of Pradhan Mantri Awas Yojana are that the government will provide an interest subsidy of 6.5% (for EWS and LIG), 4% for MIG-I and 3% for MIG-II on housing loans availed by the beneficiaries for a period of 20 years under credit link subsidy scheme (CLSS) from the start of a loan. Eligibility criteria Condition for PMAY: (a) Beneficiary max age 70 years. (b) EWS (Economic Weaker Section) family income limit is ₹3 lakhs per annum and for LIG (Lower Income Group) Family Income limit is ₹6 Lakhs per annum, and Middle Income Group - (MIG-I) income between ₹6 lakhs to ₹12 lakhs per annum, (MIG-II) income between ₹12 lakhs to ₹18 lakhs per annum. c) The beneficiary should not have an own dwelling unit in the name of any family member in any part of India. d) The loan applicant should not have availed any central/state government subsidy or benefit for buying a home under the PMAY scheme. e) Currently, the loan applicant should not own any property under their name and along with any of the family members (including the dependents). f) The home renovation or improvement loans, self-construction loans will be allocated only for EWS and LIG categories. The houses given under this scheme will be owned by females or jointly with males #pradhanmantriawasyojana #pmawasyojana2024 #pmawaseligibility #pmawasyojanascheme #homeloan #homeloantips #homeloaneligibility #subsidyscheme #pmay #loan #pmaysubsidy #subsidyscheme #pradhanmantriyojna Disclaimer: "INVESTMENTS IN THE SECURITIES SUBJECT TO MARKET RISK" Read all the related documents carefully before investing. We are not SEBI Registered, the content provided in this video precisely for educational, information purpose only and should not be construed as individual investment advice. You should not rely solely on this information in making any investment. We recommend consulting financial advisor before taking any financial decision. You should never trade with money you cannot afford to lose. We cannot and will not guarantee that you will not lose money or that you will make money from the information found on this video.

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