Good news for light and MIG category under Pradhan Mantri Awas Yojana (Pmay), Discount to Rs 1.80 Lakh on Home Loan

In the second phase of the Pradhan Mantri Awas Yojana (Pmay), a great relief has now been announced for a low -income group and a MIG (Middle Income Group) category. The central government announced a discount of up to Rs 1.80 lakh on home loans for these divisions. This step is an important step towards removing housing crisis by the government and providing homes to people at affordable rates. Under the Pradhan Mantri Awas Yojana, this exemption will be specially available to those who have been trying to buy their first property so far, but due to high interest rates, it was difficult for them to buy a home. With this new government scheme, people of light and Mig Class will now be able to buy homes at low interest rates. According to the government, this initiative will apply from the financial year of 2023-24, and it will help millions of people across the country to find home loans at affordable rates. The purpose of the Pradhan Mantri Awas Yojana is to increase the availability of homes and to achieve the purpose of giving their home to every citizen. Interested parties can contact various banks and financial institutions to utilize this scheme, and can apply under the Pradhan Mantri Awas Yojana. The government has also made it clear that the benefit of this exemption will only be available to people who have made loans for their first home. This step is another important step towards improving the residential sector under the government’s “self -sufficient India” scheme and promoting affordable housing in rural -urban areas. Share this story -tags