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Pradhan Mantri Awas Yojana- Credit Linked Subsidy Scheme
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Pradhan Mantri Awas Yojana- Credit Linked Subsidy Scheme

Saraswat Bank offers ‘Pradhan Mantri Awas Yojana- Credit Linked Subsidy Scheme’ for EWS and LIG categories.

The scheme is an initiative launched by the Central Government under its mission “Housing for All by 2022”.

Highlights of the scheme are-

  • Interest Subsidy of 6.5% 
  • Benefit of upfront credit to principal outstanding
  • Subsidy available for purchase of New housing units / Construction and addition of rooms to existing dwelling
  • Interest subsidy available to a beneficiary family comprising of Husband/Wife and unmarried children who do not own a house in any part of India
  • Economically Weaker Section (EWS), whose annual house hold income is up to Rs. 3 lakh
  • Low Income Group (LIG) whose annual house hold income is above Rs.3 lakh and up to Rs. 6 lakh
  • In case of new purchases house constructed/acquired should be in the name of female head of the household or in the joint names of male head of the household and his wife. Only in cases, where there is no adult female member in the family, the house can be in the name of male member of the household.

For further details on the scheme CLICK HERE or kindly contact your nearest branch.

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Saraswat-Bank
Saraswat-Bank