Pradhan Mantri Awas Yojna - Gurgaon

Pradhan Mantri Awas Yojna - Welcome to PMAY, a scheme of Housing for all survey where you can get your dream home in less than 5000 INR/month.
Pradhan Mantri Awas Yojna(PMAY) Targeted group or beneficiary

Indian women of all religions and castes. Everyone will be equally eligible no biased treatment on basis of caste or religion.
People who come from low income and economically weaker sections of the society.
ST (Scheduled Tribes).
SC (Scheduled Castes).
How Pradhan Mantri Awas Yojna(PMAY) will work:

PMAY Housing Scheme will work by providing central assistance to Urban Local Bodies (ULBs) as well as other employed agencies through States/UTs for:

Building onsite Rehabilitation of the existing slum-inhabitants by commencing private participation for using poor land area as a resource.
By providing Credit Linked Subsidy
Initiating Affordable Housing in Partnership
Granting Subsidy to the beneficiary for individual house construction/enhancement.
Subsidy- 1 Lakh - 2.30 Lakh

The scheme will provide a credit linked subsidy of Rs 1.00 Lakh to 2.30 Lakh to the home buyers.

The subsidy will be generated by central government treasury.
Credit linked subsidy granted to LIG and EWS segments of urban population.
Current market rate of interest on housing loans is 10.5%. But under this scheme 6.5% rate of interest subsidy will be offered to the beneficiaries that is 4% below the market rate and will last for a period of 15 years from the date.
Subsidiary is being implemented as a Central Sector Scheme whereas other components as Centrally Sponsored Scheme (CSS).
httpwww.pradhanmantriawasyojna.com/