Ad
Ad
Ad
The Government of India is launching an exciting new initiative under the Pradhan Mantri Awas Yojana Urban. The PM Home Loan Subsidy Scheme 2024 aims to make homeownership more accessible by offering substantial subsidies on home loans.
The PM Home Loan Subsidy Scheme is a part of the Pradhan Mantri Awas Yojana Urban, designed to help low-income individuals and families buy or build a home. This scheme will provide loans of up to Rs 50 lakh with a special subsidy on interest rates, making homeownership more affordable. The government is set to invest Rs 60,000 crore in this initiative, aiming to benefit around 25 lakh home loan applicants.
Also Read: Warehouse Subsidy Scheme: Government Offers 40 to 50 Percent Subsidy for Warehouse Construction
Under the new scheme, the government will offer subsidized bank loans up to Rs 9 lakh for low-income individuals, an increase from the previous limit of Rs 6 lakh. The subsidy will reduce the interest rate on home loans to as low as 6.5%, significantly easing the financial burden for beneficiaries.
To qualify for the PM Home Loan Subsidy Scheme, applicants must meet the following criteria:
Applicants will need to provide several documents to apply for the scheme:
The PM Home Loan Subsidy Scheme is still in the preparation phase, and the exact date of implementation has yet to be announced. The scheme is expected to receive Cabinet approval soon, after which it will be officially launched. Stay tuned for updates, as official information will be shared promptly to keep you informed about how to apply and benefit from this scheme.
Also Read: Big Announcement on Minimum Support Price: Government to Buy All Crops at MSP
The PM Home Loan Subsidy Scheme 2024 aims to make homeownership more accessible by offering up to Rs 50 lakh in subsidized loans for low-income groups. With increased subsidy limits and low interest rates, this scheme is set to benefit around 25 lakh individuals, enhancing housing affordability.
Government to Distribute 1100 High-HP Tractors to Farmers for Efficient Stubble Management
The government will distribute 1100 high-HP tractors to farmers, improving stubble management and reducing air pollution from burning....
19-Sep-24 07:34 AM
Read Full NewsVST Zetor Range of Tractors Launched to Boost Farm Mechanization in Madhya Pradesh
The VST Zetor range of tractors brings advanced technology, power, and efficiency to boost farm mechanization in Madhya Pradesh....
17-Sep-24 01:08 PM
Read Full NewsMahindra’s ‘Tractor Tech’ Program Empowers 46 Youth in Jabalpur
Mahindra’s ‘Tractor Tech’ program trained 46 youth in Jabalpur, offering skills and job placements in the agriculture sector....
16-Sep-24 09:14 AM
Read Full NewsGovernment to Distribute 4,000 Tractors to Farmers Under New Scheme
The Chief Minister Tractor Distribution Scheme provides farmers with subsidized tractors and equipment, enhancing agricultural productivity and support....
11-Sep-24 11:08 AM
Read Full NewsAutoNxt Aims to Revolutionize Indian Farming with Commercial Electric Tractors and Advanced Technology
AutoNxt introduces India’s first electric tractors, offering a sustainable, cost-effective alternative to diesel with advanced technology and fast charging....
09-Sep-24 01:04 PM
Read Full NewsSwaraj Tractors Honored with CSR Award for 'Project Pani' by Rajasthan Government
Swaraj Tractors' 'Project Pani' won a CSR award for installing rainwater tanks in schools, benefiting 18,000 students in Rajasthan....
09-Sep-24 10:34 AM
Read Full NewsAd
Ad
Why Tractors Have No Colour Options: Discover the Reasons
19-Sep-2024
Tractor Battery: Essential Tips to Extend Its Lifespan
18-Sep-2024
Mahindra 575 DI XP Plus vs Swaraj 744 FE: A Detailed Tractor Comparison
13-Sep-2024
6 Features to Consider When Buying a Tractor: Beyond HP, Cylinders, and Price
11-Sep-2024
Top 10 Tractor Loan Providing Companies in India for Farmers in 2024
10-Sep-2024
Top 10 Fastest Growing Cash Crops to Maximize Profits on Your Farm
05-Sep-2024
View All Articles
As featured on:
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002