Indian Government Housing Schemes
Pradhan Mantri Awas Yojana (PMAY) Under PMAY (Urban), the loan amount schemes are: Economically Weaker Sections (EWS) and Lower Income Groups (LIG): Up to Rs. 6 lakh loan with a subsidy of 6.5% on the interest rate for a tenure of up to 20 years. Middle-Income Groups (MIG I): Up to Rs. 9 lakh loan with a subsidy of 4% on the interest rate for a tenure of up to 20 years. Middle-Income Groups (MIG II): Up to Rs. 12 lakh loan with a subsidy of 3% on the interest rate for a tenure of up to 20 years. Under PMAY (Rural), the loan amount scheme is: Financial assistance of up to Rs. 1.2 lakh to build a new house. Rajiv Awas Yojana (RAY) The loan amount schemes under RAY are: Financial assistance for housing and basic services is provided to the urban poor. Beneficiaries are required to contribute a certain percentage of the cost of the house, with the remaining amount covered by the government. Jawaharlal Nehru National Urban Renewal Mission (JNNURM) The loan amount schemes under JNNURM ...