Indian Government Housing Schemes

1.  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.

2. 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.

3. Jawaharlal Nehru National Urban Renewal Mission (JNNURM)

The loan amount schemes under JNNURM are:

• The scheme provides financial assistance to states and cities to undertake urban renewal projects, including the construction of affordable housing for the urban poor.
• The beneficiaries are required to contribute a certain percentage of the cost of the house, with the remaining amount covered by the government.

4. Pradhan Mantri Gramin Awaas Yojana (PMGAY)

The loan amount schemes under PMGAY are:

• Financial assistance of up to Rs. 1.2 lakh for the new construction of a house, with the option to add additional funds for the construction of a toilet, kitchen, or other amenities.
• Financial assistance of up to Rs. 12,000 for the renovation of an existing house.

It is important to note that the loan amount schemes and subsidies may vary based on the eligibility criteria and income category of the beneficiary. It is advisable to check the specific details of the schemes and the loan amount schemes before applying.