The PMAY, or the Pradhan Mantri Awas Yojana is a Government initiative that was launched in June of 2015. Its primary goal is providing affordable housing and public housing across Indian to ensure that every citizen can achieve their goal of being a homeowner.
One of the most essential features of this housing scheme is its provisions for subsidized housing. The Credit Linked Subsidy Scheme or CLSS, provides subsidies on home loan interest rates, thereby making affordable housing a possibility for many.
The subsidy rates, subsidy amounts and maximum loan amounts provided under the PMAY housing scheme vary across the socio-economic groups that are eligible under the scheme. These eligible socio economic groups are the Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group I (MIG I) and Middle Income Group II (MIG II). You can find out more about this subsidised housing scheme and apply for PMAY benefits on the Finserv MARKETS platform.
The benefits provided under the PMAY scheme can be conveniently availed at reputed institutions such as the Finserv MARKETS platform. If you are a hopeful home buyer looking for the ideal home loan with the benefit of PMAY subsidies, the Finserv MARKETS platform can provide you with that and much more.
The home loans available on Finserv MARKETS can be approved in just 3 minutes. The approved home loan amounts can go up to Rs 3.5 crore with repayment tenures ranging up to 300 months.
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