PM Awas Yojana Urban – 33% Increase In Carpet Area Of Houses

PM Awas Yojana Urban

PM Awas Yojana Urban – The Central Government has come up with a good news for the home seekers of cities of the country. The Government has made changes in its affordable housing scheme named Pradhan Mantri Awas Yojana-Urban (PMAY-U).

PM Awas Yojana Urban

The Ministry of Housing and Urban Affairs (HUA) has given approval for a 33-percent increase in carpet area of houses eligible for interest subsidy under PMAY-U. The main motive of the central government behind this approval is to attract more beneficiaries.

This increment in the carpet area of the houses under PMAY-U has been implemented across all middle-income group categories. Here are the details of the increase made by the Central Government –

  • Middle Income Group-I (MIG-I) – the carpet area has been increased from 120 sq m to 160 sq m.
  • Middle Income Group-lI (MIG-lI) – the carpet area has been increased from 150 sq m to 200 sq m.

From 1 January 20187, the new rules have been given retrospective effect – let we inform you, it is the date on which the scheme became operational. Under the Credit-Linked Subsidy Scheme (CLSS), all the eligible and selected beneficiaries can avail subsidy up to Rs 2.35 lakh on purchasing a house under the scheme.

Besides this, under this scheme, four percent interest subsidy is also available on loans up to Rs 9 lakh for people having an annual income between Rs 6-12 lakh under MIG-I plan. And, 3 percent interest subsidy is given on loans up to Rs 12 lakh to people having income between Rs 12-18 lakh per annum.

ऑनलाइन नाम खोजें प्रधानमंत्री ग्रामीण आवास योजना 2018 और प्रधानमंत्री शहरी नई लाभार्थी सूची

As per the information provided by the Ministry of HUA, an amount of Rs 736 crore had been distributed to a total number of 35,204 beneficiaries belonging to the MIG category as of June 11.

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