PRADHAN MANTRI AWAS YOJNA SCHEME
Manjeera Monarch Vijayawada Project is eligible for Pradhan Mantri Awas Yojana subsidy scheme from central government. HDFC Bank offers "Credit Linked Subsidy Scheme (CLSS) for all categories except HIG under Pradhan Mantri Awas Yojana. The scheme was announced by our Honourable Prime Minister Narendra Modi and envisages the vision of housing for all by the year 2022.
Operational Guidelines for CLSS(MIG) as stated by Minister of Housing and Urban Poverty Alleviation Shri M.Venkaiah Naidu published in simpletaxindia.net are as below
Who is eligible for CLSS MIG?
Middle Income Groups (MIG) with annual incomes of above Rs.6.00 lakhs and up to Rs.18.00 lakhs per year are eligible for interest subsidy on housing loans under the new CLSS(MIG). Those who have been sanctioned housing loans and whose applications are under consideration since January first this year are also eligible for interest subsidy.
How much subsidy will be given?
Prime Minister has announced interest subsidy of 4% on housing loans of up to Rs.9.00 lakhs of those with an income of Rs.12.00 lakh per year and of 3% on housing loans of up to Rs.12.00 lakh of those earning Rs.18.00 lakh per year.
For more information on how to apply and additional benefits please click here