PM Home Loan Interest Subsidy Yojana 2024 | PM Home Loan Subsidy Yojana | Home Loan Subsidy Scheme: Now People Will Get A Huge Subsidy On Home Loans Upto Rs. 50 Lakhs

PM Home Loan Interest Subsidy Yojana, Home Loan Subsidy Yojana, PM Home Loan Scheme, Home Loan Scheme, Home Loan Interest Subsidy Scheme, PM Home Loan Yojana, PM Awas Yojana, Pradhan Mantri Home Loan Yojana, Official Website, Required Documents, Key Points, Benefits of the scheme, Eligibility Criteria, Beneficiaries, PDF Form, How to Apply, Registration

What is PM Home Loan Interest Subsidy Yojana?

The Central Government announced the launch of the PM Home Loan Interest Subsidy Yojana on October 2023. This scheme offers low-income city residents a 3% to 6% interest discount per annum on housing loans up to Rs. 50 Lakhs for 20 years. The subsidy amount will be deposited directly into the applicant’s bank account.

Prime Minister Narendra Modi has talked about starting the scheme before Diwali. The approval of interest subsidy scheme has been given by the Expenditure Finance Committee on the proposal of the Ministry of Housing and Urban Affairs. This scheme will be in active for 5 years (i.e. till 2028) and it will be implemented separately from Pradhan Mantri Awas Yojana-Urban (PMAYU). The final details of the scheme will be released soon.

All the details you need to apply for the PM Home Loan Interest Subsidy Yojana 2024 are given below, How To Apply, Official Website, Benefits, Required Documents, Eligibility Criteria, and more.

Also, yojnasarkar.in provides information on all government schemes run by the central or state governments.

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Important Points For PM Home Loan Interest Subsidy Yojana

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Required Documents for PM Home Loan Interest Subsidy Yojana

1. Aadhar Card
2. Bank Account linked with Aadhar Card
3. Passport Size Photo
4. Email ID
5. Mobile Number
6. Income Certificate
7. Ration Card

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Benefits and Characteristics of PM Home Loan Interest Subsidy Yojana

1. Interest discount of 3 to 6% per year will be given on home loans under this scheme.
2. This scheme is for low-income people who are living in cities.
3. It is a different scheme from Pradhan Mantri Awas Yojana-Urban (PMAYU).
4. Around 25 lakhs people with low-income in urban areas will be benefited.
5. The subsidy amount will be deposited directly in the bank account.
6. The interest discount will also be credited to the loan account of the beneficiary.
7. It is suggested that home loans of less than Rs. 50 Lakhs will be covered for 20 years under this scheme.

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Eligibility Criteria for PM Home Loan Interest Subsidy Yojana

1. The applicant must be an Indian citizen.
2. The applicant must not have any home loan scheme running under their name.
3. The applicant must belong to poor or lower middle class.

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ALL IMPORTANT LINKS

How To Apply For PM Home Loan Interest Subsidy Yojana?

You will need to wait a little while to apply for the PM Home Loan Interest Subsidy Yojana, as the government has just announced it. It will be put into effect shortly after receiving cabinet’s approval. It is scheduled to begin before Diwali by the national government. As soon as it’s put into practice, we’ll update all the information in this article, and the ALL IMPORTANT LINKS section above will provide you the important LINKS. Please keep visiting to our website (yojnasarkar.in) and this article to get the updated information.

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What Is The Official Website To Apply For PM Home Loan Interest Subsidy Yojana?

No official website is launched till now as only the announcement of this scheme happened. As soon as the website will get launched we will update the website link in ALL IMPORTANT LINKS section above.

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