There are many initiatives or schemes taken by the government to provide several benefits to the citizens and one such is the PMAY scheme. Many people dream of having a house of their own but not all have the money to construct it one at a go. To help them and fulfill their dreams of having a house, our government has taken an initiative or invented this PMAY or Prdhan Mantri Awas Yojana scheme. It aims at providing affordable housing to the urban poor within 2022. Many pose this question: is NRI
eligible for
PMAY or not and the answer is yes, they are eligible to opt for it. There are certain rules that need to be followed of course so let me discuss them here.
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What is
PMAY eligibility for NRI?
There are several conditions that the NRI should follow. The most important aspect or condition is the PMAY salary eligibility for NRI.
His/her annual income is below 18 lakhs.
Others are- A direct family member of an NRI should not have availed for this scheme already
He or she should not be having a house in their name in India
Previously it was said that this scheme will end on 31st March 2022 but later the Union Cabinet stated that the PMAY has been extended till December 2024 so if you want to avail it, avail it quickly.
I hope you have understood is NRI
eligible for
PMAY or not and what conditions should be fulfilled by him/her.
Read More:Can we prepay home loan after PMAY subsidy?
How to get PMAY subsidy?
What is CLSS PMAY?
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Authors Of The Question
Is NRI Eligible for PMAY?
Suchi
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1 Answers
2 Year
2022-11-21T09:06:46+00:00 2022-11-21T09:06:48+00:00Comment
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