PM awas yojana subsidy 2021,
PM awas yojana subsidy 2021 in gujarati, PM awas yojna Subsidy or Pradhan Mantri Awas Yojna We Provided details about how to check Loan, Subsidy, Calculate from PM awas Yojna Home.
PM awas Yojana Subsidy :
Credit Linked Subsidy would be available for housing loans availed for acquisition/new
construction and addition of rooms, kitchen, toilet, etc.to existing dwellings as incremental
housing. The carpet area of houses being constructed or enhanced under this component of
the mission should be upto 30 sq.mt. and 60 sq.mt. for EWS and LIG respectively, in order to
avail of this Credit Linked Subsidy. The EWS/LIG beneficiary, at his/ her discretion, can build
a house of larger areas but interest subvention would be limited to first Rs. 6 lakh only.
CLSS for MIG will support acquisition/ construction of houses (including re-purchase) of 160
sq.mt. and 200 sq.mt. carpet area as per income eligibility under MIG-I and MIG-II respectively.
The houses should have access to basic civic infrastructure facilities like water, toilet, sanitation,
sewage, road, electricity etc.
The Mission, in order to expand institutional credit flow to the affordable housing sector will
implement Credit Linked Subsidy component as a demand driven intervention. Credit linked
Subsidy will be provided on home loans taken by eligible beneficiaries of Economically Weaker
Section (EWS)/Low-Income Group (LIG) and Middle-Income Group (MIG) for acquisition of
houses by purchase/ re-purchase/ construction of houses. This benefit will also be available
to EWS/LIG for incremental housing. CLSS for MIG was made operational w.e.f. 01.01.2017,
initially for one year and has been extended upto 31.03.2021.
Beneficiaries of EWS/LIG, MIG -1 & MIG-II seeking housing loans for acquisition of houses from
PLIs [Banks, HFCs, Non-Banking Financial Companies (NBFCs) and other such institutions] would be eligible for an interest subsidy at the rate of 6.5%, 4% and 3% respectively for a tenure
of 20 years6 or during tenure of loan, whichever is lower. The Net Present Value (NPV) of
the interest subsidy will be calculated at a discount rate of 9%. The CLSS scheme details are
summarized in the Table below.
Pradhan Mantri Awas Yojna (Urban) Online Application :
Administration and Implementation Structure :
- An inter-ministerial committee viz. Central Sanctioning and Monitoring Committee (CSMC)
is constituted under the Chairpersonship of Secretary (MoHUA) for implementation of the
Mission, approvals there under and monitoring. The constitution and indicative functions of
CSMC is at Annexure 11.
- A Committee of Secretary (MoHUA) and Secretary (DFS) in Government of India is also
constituted for monitoring the Credit Linked Subsidy component of the Mission, giving targets
to PLIs etc. The Committee can co-opt other members as is felt necessary by it.
- A Mission Directorate (MD) is also formed under the Ministry to implement the Mission. It
is headed by Joint Secretary (Mission).
- States/ UTs are required to constitute an inter-departmental State Level Sanctioning &
Monitoring Committee (SLSMC) for approval of Action Plans and projects under various
components of the Mission. The Committee should be headed by Chief Secretary and suggested
composition of the Committee along with its indicative functions is at Annexure 12.
- Each State/ UT will identify a State Level Nodal Agency (SLNA) under the Mission wherein
a State Level Mission Directorate will be set up for coordination of the scheme and reformrelated activities.
- State Level Appraisal Committee (SLAC) [will]13 be constituted by the State /UT for technoeconomic appraisal of DPRs submitted by ULBs/Implementing Agencies. SLAC will submit
their appraisal reports with their comments and recommendations to the SLNA for taking
approval of SLSMC
Monitoring & Evaluation :
Mission will be monitored at all three levels: City, State and Central Government. CSMC
will monitor formulation of HFAPoA, Annual Implementation Plans (AIPs) and project
implementation. Suitable monitoring mechanisms will be developed by the Mission. States and
cities will also be required to develop monitoring mechanism for monitoring the progress of
mission and its different components.
Target Beneficiaries :
- Beneficiaries for ARHCs will be from Economically Weaker Section (EWS)/ Low Income
Group (LIG) who are urban migrants/poor. They include labour, urban poor (street
vendors, rickshaw pullers, other service providers etc.), industrial workers, and migrants
working with market / trade associations, educational / health institutions, hospitality
sector, long term tourists / visitors, students or any other persons of such category.
- Preference under the Scheme shall be given to persons belonging to Scheduled Castes/
Scheduled Tribes/Other Backward Classes, Widows and working Women, Divyang,
Minorities, subject to beneficiaries being from EWS/LIG segments as provisioned by
Governing Laws, Disputes and Jurisdiction :
This MoU shall be governed by the laws of India and all disputes and differences between First Party
and Second Party/ Lender arising part of these presents shall as far as possible be resolved through
negotiations, However, if any differences/ disputes still persist the same shall be referred to the
sole arbitrator appointed by the Managing Director and CEO/CMD, NHB/HUDCO/SBI under the
provisions of the Arbitration and Conciliations Act, 1996. The decision of the sole arbitrator shall
be final and binding on the parties. Arbitration proceedings shall be held at Delhi.
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