Top 4 government Housing Schemes to Help One Buy a Home in India
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 ...