What is PMAY last date 2022?

It is a project of the Indian government called the Pradhan Mantri Awas Yojana (PMAY). From what I studied, it intends to give urban poor people access to affordable housing by the year 2022. The PMAY-Urban plan has a lengthened operational duration that ends on December 31, 2024. So let me tell you more about the PMAY MIG last date extended 2022.

What is the Pradhan Mantri Awas Yojana last date extended?

As Avni and Shrishti said, the first two phases of the three-phase PMAY scheme implementation are complete. The final phase, which started on April 1 is currently in progress. This is the PMAY extended date you must be aware of.

What are the advantages of the PMAY scheme?

• Every beneficiary of the PMAY Scheme is given a house loan with a subsidised interest rate of 6.50% per year for a 20-year duration.

• The distribution of ground floors will be prioritised for those with disabilities and senior persons.

• Green and sustainable technology would be used for the construction of the building.

• The programme includes all of the nation's metropolitan areas, including 4041 towns, with 500 Class I cities receiving top priorities. There will be three phases to this.

• In India, the PM Awas Yojana's credit-linked subsidy component is introduced right away in all statutory towns.

Now you know the PMAY MIG last date extended 2022.

Hey,

In 2015, the Government of India launched a scheme called the Pradhan Mantri Awas Yojana (PMAY) which aims to provide affordable housing for all by 2022. The Ministry of Housing and Urban Poverty Alleviation (MoHUPA) has introduced in June 2015, an interest subsidy scheme called Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (Urban)- Housing for All, for purchase/ construction/ extension/ improvement of house to cater EWS/ LIG/MIG segments to meet the housing demands in India. So, if you wish to know about the latest updates on the PMAY

scheme last date, please continue reading.

PMAY last date extended 2022

The first two stages of the three-phase PMAY scheme implementation are complete. The final phase, which started on April 1 and ends on March 31 of 2022, is currently in progress as PMAY subsidy last date extended. So the time is now if you want to take advantage of the Pradhan Mantri Awas Yojana.

Pradhan Mantri Awas Yojana Benefits

Because the PMAY subsidy on the interest component lowers the outflow on the house loan, CLSS under PMAY initiatives makes the mortgage more affordable. The amount of the scheme's subsidy is significantly influenced by the income category to which you belong and the size of the funded property unit.

Pradhan Mantri Awas Yojana Eligibility

Firstly,

• The residential real estate you select has to be a single entity or a unit in any multi-storey building in order for you to be eligible for the subsidy.

• The qualifying unit must have the necessary infrastructure, including a toilet, running water, sewers, a road, and power;

Secondly, the floor area (excluding walls) cannot be more than:

• EWS - 30 square metres (323 sq ft)

• 60 square metres for LIG (646 sq ft)

• 160 square metre MIG-I (1722 sq ft)

• 200 square metre MIG-II (2153 sq ft)

Lastly, the location: all statutory towns as of the 2011 Census and towns later notified, including planning areas notified with regard to statutory towns.

PMAY Scheme Loan Limits

• MIG(I): Rs 9 lakhs;

• MIG(II): Rs 12 lakhs

• LIG: Rs 6 lakhs;

• EWS: Rs 6 lakhs

I hope now you know all about PMAY

scheme last date.

• The scheme was set to be implemented in three phases. We are in the last phase and it began on April 1, 2019. PMAY extension 2022 will finish on March 31, 2022.
• For Credit Linked Subsidy Scheme (CLSS) for the Economically Weaker Section (EWS) and Low Income Group (LIG) categories, PMAY extended till 2022. The last date to avail benefits is 31 March 2022.

• The last date for availing PMAY scheme for the MIG (I and II) category was 31 March 2019. There is no PMAY MIG extension 2022 for people who fall under this category.
• One can apply for the same before PMAY last date 2022 on pmaymis.gov.in. The government will construct over 2 million houses in 26 states. Pradhan Mantri Awas Yojana (Gramin) has been extended up to 2024.