Government Housing Schemes

The Government of India has come up with different schemes to provide affordable housing to Indian citizens. It is aiming to build approximately 2 crore houses through such schemes. Among the government housing schemes, you can directly benefit from the following – Pradhan Mantri Awas Yojana Pradhan Mantri Awas Yojana or PMAY intends to provide housing for every citizen by the year 2022. According to one’s income, they can apply as beneficiaries under LIG, EWS, MIG 1, and MIG 2 categories. Individuals who want to purchase a house should apply for a home loan and easily avail interest subsidy through this central government housing scheme . Maharashtra Housing and Area Development Authority scheme Among the government housing schemes for housing, the Maharashtra Housing and Area Development Authority Scheme or MHADA operates via a lottery system to provide affordable houses. This scheme aims to provide affordable houses to citizens belonging to different income group by ...

The Pradhan Mantri Awas Yojana (PMAY) policy promotes the idea of ‘housing for all,’ aiming to provide affordable housing solutions in the form of subsidies on home loan interests for Indian citizens. Here is a brief overview of the PM Awas Yojana discussing some critical elements of the policy. Sections of PMAY The PMAY scheme was initially introduced to support the Economically Backward Section (EWS) and Lower Income Group (LIG) of the society. However, in 2017, the policy was extended to the Middle Income Group (MIG I & II), under the Credit-Linked Subsidy Scheme (CLSS.) This introduced two new subsidies on home loans that can be availed by individuals with a higher annual income. As a result, PMAY was divided into two sections – PMAY Gramin. PMAY Urban.  Benefits PMAY benefits are determined on the annual income of individuals applying for the loan. Such categories include – EWS & LIG  Income between Rs.3 lakh to Rs.6 lakh p.a. Loan amou...

Introduced in 2015, the Pradhan Mantri Awas Yojana has facilitated more than 1.53 crore homes as per a survey in February 2019. This government-initiated subsidy scheme acknowledges home buyers in meeting their housing demands with the help of the Credit Linked Subsidy Scheme. If you are an applicant, you can verify your name in the online PM Awas Yojana list . How to check your name in the PMAY beneficiary list? You can verify your name in the PMAY list by considering the following method – For PMAY Gramin list Rural list without registration number - Visit PMAY Gramin’s official website and click on the ‘Advanced Search’ option. Enter all necessary details regarding your property such as applicant name, name of the block, state, sanction ID, etc. and click on ‘Search’. Your name will be displayed on the screen, if you are included in the PMAY list Rural list with registration number - Visit PMAY Gramin’s official website and search with...

According to a recent survey, the service-sector GDP input in Haryana grew by 1.8% in 2018, thus increasing job opportunities in several cities like Panipat, Gurgaon, etc. In order to provide affordable housing to the residents of this region, the Haryana Urban Development Authority introduced the HUDA housing scheme in 2019. Before purchasing a property in Haryana, you need to know about   HUDA housing scheme such as the eligibility criteria of this plot regime, which are – You need to be a resident of Haryana. Your annual family earnings should not exceed Rs.3 lakh. If you are an owner of any other residential or commercial property in Haryana, you will be not eligible for the HUDA plot scheme. Group D employees of Haryana The government are also eligible. Online application of HUDA housing scheme In order to apply for the HUDA housing regime, you can consider these easy steps of a simple online application process – Visit the official ...