Pradhan Mantri Awas Yojana subsidy information
The scheme is proving to be more efficient than the previous one and is moving forward in a more planned manner. The work that has not been done in the last seven decades is the name of the Prime Minister to do in just seven years. But the present NDA government has taken wonderful initiatives in this regard in two years. Under the Pradhan Mantri Awas Yojana, this government has completed 2.5 lakh houses in just two years and is determined to complete 10 million houses by the year 2019. Given the way the plan is moving forward, the stigma of “the country with the most homeless people” will surely fade away from India in 2021.
Main features of Pradhan Mantri Awas Yojana
Primary facilities like water, electricity, roads etc. from coordination with other schemes.
Beneficiaries and artisans involved in housing construction such as Kadiya, Sakhi Mandals use the latest technology for training monitoring.
Eligibility Criteria for Subsidy:
CLSS Subsidy Calculator
A key aspect of Pradhan Mantri Awas Yojana (PMAY) is credit linked subsidy for lower income class / economically weaker class (Lower Income Group-LIG / Economically Weaker Section-EWS) and Middle Income Group (MIG I and II). Scheme (CLSS). Under this scheme, the Central Government provides financial assistance to eligible beneficiaries through financial institutions in all the statutory cities as per the 2011 census and in the adjoining planning areas (this is periodically amended by the Government).
More than 14000 families with IIFL home loans have benefited under the Prime Minister’s CLSS scheme. IIFL Home Loans help and guide you at every step to make your loan application a hassle free experience.
Proof of Identity ::
Pen card (mandatory) and any of the following documents
Any one of the following address documents
Letter of Destination Allocation from State or Central Government Departments, Legal or Regulatory Bodies and Public Sector Undertakings, Scheduled Commercial Banks, Financial Institutions and Listed Companies. Similarly leave and license agreements with such companies allocating ceremonial accommodation.
Documents issued by government departments of foreign jurisdictions or letters issued by foreign embassies or missions in India.
All the following documents:
Income tax returns with calculation of last 2 financial years.
Balance sheet and profit-loss account with all enclosures (properly CA certified and audited if applicable)
Current account statement of the trading firm for the last six months and personal savings account statement.
Documents related to running loan with bank statement of 6 months repayment.
New shareholding style list (validated by CA / CS)
MOA (for private limited companies)
Partnership Agreement (for partnership firms)
All the following documents:
Copy of complete chain of property documents (as applicable)
Copy of sale agreement (if executed)
Copy of allotment letter / buyer agreement (if applicable)
Copy of receipt (let) of payment (to) made by the developer (if applicable)
source:: IIFL FINANCE
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