Pradhan mantri Awas Yojana, Subsidy for Home Loan: Often people have questions about this scheme but due to not getting the right information, they remain confused. One such confusion is about the carpet area of the property in the minds of the people.
Often people have questions about this scheme but due to lack of accurate information, they remain in a state of confusion. One such confusion is about the carpet area of the property in the minds of the people. The carpet area of the property i.e. how many people can get benefit of this scheme.
As per the conditions, the carpet area of the property should not exceed 60 square meters for the EWS category. For LIG-2 category should not exceed 200 meters. At the same time, it is 160 square meters set for LIG-1 category. Home loan holders of MIG category also benefit from this scheme.
Explain that after applying the loan subsidy under this scheme, it takes between 3-4 months to get the subsidy amount only after complete verification. Once the subsidy amount is deposited in the loan account, home buyers can make partial loan repayments.
