National Housing Bank (NHB) has taken a decision of providing a home loan to poor eligible people under PM Awas Yojana (PMAY) and Jan Awas Yojana Uttarakhand. The NHB will provide home loans to the EWS (Economically Weaker Sections) and LIG (Lower Income Groups) people under PM Awas Yojana Uttarakhand and Uttarakhand Jan Awas Yojana, subsidy on home loan by government 2021
National Housing Bank (NHB) will take the property documents of beneficiaries as guarantee then they provide the home loan to poor people, subsidy on home loan by government 2021. NHB will Register land on his name and after completing all installments of home loan NHB transfer Registration of land on beneficiaries name.
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NHB will give the loan to HUDCO for the construction of flats. NHB does Registration of flats on beneficiaries name until the beneficiaries complete their installments of the loan.
Housing and Urban Development Corporation (HUDCO) will construct 35,000 flats under Pradhan Mantri Awas Yojana and Jan Awas Yojana Uttarakhand. HUDCO has constructed 2,000 flats in Rudrapur in the first phase 20,000 people have filled the application form for these 2,000 flats.
HUDCO will construct these flats at various locations of the state under PM Awas Yojana and Jan Awas Yojana Uttarakhand. After completing all flats, National Housing Bank (NHB) will allot houses to beneficiaries under PM Awas Yojana and Uttarakhand Jan Awas Yojana.