PMAY-U 2.0: Modi government offers 4 per cent subsidy on home loans, check eligibility, conditions
India TV NewsThe central government has launched PMAY-U 2.0 to provide affordable housing under the vision of "Housing for All". Beneficiaries must meet the following income criteria: EWS: Annual income up to Rs 3 lakh LIG: Annual income up to Rs 6 lakh MIG: Annual income up to Rs 9 lakh To qualify for this grant, applicants must provide proof of income. EWS families with annual income up to Rs 3 lakh can also get financial assistance of up to Rs 2.5 lakh to build a new house on their existing land. Loan and subsidy details Under this scheme, beneficiaries can get a 4 per cent interest subsidy on loans up to Rs 8 lakh for houses costing Rs 35 lakh or below. The PMAY-U 2.0 scheme is a significant step toward making housing more accessible and affordable, with the government aiming to fulfill its promise of ensuring a roof over every head.