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Home / Finance / Home Loan / How much time does it take to get PMAY subsidy in the loan account?
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How much time does it take to get PMAY subsidy in the loan account?

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1 2021-08-03T16:28:13+00:00

The Pradhan Mantri Awas Yojana offers subsidies to applicants from EWS, LIG and both groups of MIG. If you want to know how much time it takes to get PMAY subsidy, then here is the answer. It will take about 3-4 months to get the PMAY subsidy. 

Here is why it takes this long, the documentation provided by the applicants is carefully verified for each detail. The verification process takes 3 months to 4 months’ time. 

To apply for PMAY Subsidy, here is what you need to do:

  • Once you fill the PMAY application, you will have to go to the home loan website or bank website.

  • On the lender’s website you will find ‘Self Declaration Form’ in the download tab.

  • Enter details like name, parents’ name, age, address, your category, details about family members, Aadhaar Number, Annual Income, etc.

  • You will have to take print out of the filled application and submit it at the nearest bank branch and take your documents along with you for verification purposes.

This is how much it takes in PMAY processing time.

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