Every person has a dream that he has a firm house of his own, where he can spend a life of peace with his family. But sometimes this dream remains incomplete due to financial constraints. Especially poor and lower income people struggle throughout their lives to make their homes. To help such people, the Government of India has started the Pradhan Mantri Awas Yojana (PMAY), under which eligible people get houses at cheap rates or are subsidized to build houses.
Is the benefit of this scheme getting in Delhi too?
The prices of land and houses in a metropolis like Delhi are touching the sky. In such a situation, the question is common whether residents of Delhi can also take advantage of PM Awas Yojana? The answer is yes.
In Delhi, there are two ways under this scheme –
Credit Linked Subsidy Scheme (CLSS)
IN-Situ Slum Re-Development (ISSR)
1. What is Credit Linked Subsidy Scheme?
Under the CLSS, if a person buys or builds homes by taking home loans from bank or housing finance companies, then the government subsidize interest on that loan. This subsidy is directly transferred to the loan account of the beneficiary, which reduces its EMI.
2. What is the IN-Situ Slum Re-Development Scheme?
Under the ISSR scheme, pucca houses are provided to the people living in slum slums in Delhi at the same place. The scheme is run through DDA and other agencies. However, the government only gives houses, does not give ownership of land.
Who can take advantage of the scheme?
The benefit of PM Awas Yojana is given only to those people who meet its eligibility criteria:
EWS (Economically weaker section): whose annual income is up to ₹ 3 lakhs
LIG (lower income group): annual income between ₹ 3-6 lakhs
MIG-I (Medium Income Group-I): Annual Income Between ₹ 6-12 Lakh
MIG-II (middle income group-ii): Annual income between ₹ 12-18 lakhs
In addition, there should be no pucca house in India in the name of the applicant or any member of his family.
how to apply?
The application process for PM Housing Scheme is also available online. Interested person https://pmaymis.gov.in You can register yourself by visiting the website. Also, an application can be made at the nearest CSC Center or Bank branch.
conclusion:
Millions of people living in Delhi can now fulfill their home dream under the Pradhan Mantri Awas Yojana. Whether it is to buy a flat or shift to the slum to a firm house, these schemes of the government are proving to be a lot of help from the common man. If you are also eligible and have not applied yet, do not delay – make your home dream come true with the help of government help.
