Features and Benefits – Pradhan Mantri Awas Yojana
2 min readPradhan Mantri Awas Yojana by the Government of India comes with various features and benefits. Dividing among different economic classes, the scheme intends to provide Housing for all. Here’s a look at the features and benefits.
| Particulars | Economically Weaker Section | Low Income Group |
| Eligible annual household income | Upto Rs. 3 lakh | Between Rs. 3 lakh and Rs. 6 lakh |
| Carpet area of the dwelling (max.) | 30 sq.m. | 60 sq.m. |
| Subsidy calculated on a max. loan of | Rs. 6 lakh | Rs. 6 lakh |
| Interest subsidy (% p.a.) | 6.50% | 6.50% |
| Subsidy amount (max.) | Rs. 2.67 lakh | Rs. 2.67 lakh |
| Maximum loan tenure (in years) | 20 yrs. | 20 yrs. |
| Discount rate to calculate Net Present Value (NPV) of the interest subsidy | 9% | 9% |
| Woman Ownership | Mandatory (except for loan availed for construction) | Mandatory (except for loan availed for construction) |
| Validity of the scheme | 31 March 2022 | 31 March 2022 |
| Applicability | Loans approved on/after 01/01/2017 | Loans approved on/after 01/01/2017 |
Note: The above table is framed as per the guidelines of Government of India and is subject to changes as and when there is a change in the scheme.
