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₹1.80 Lakh Home Loan Subsidy for Women, Apply Now and Build Your Dream Home

By Suraj Sharma

Published on:

₹1.80 Lakh Home Loan Subsidy for Women

Home Loan Subsidy for Women: If you’ve been dreaming of owning a home, this could be the perfect time! The government has launched the Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0), aimed at providing affordable housing for economically weaker sections, low-income groups, and middle-income families.

Under this scheme, eligible women can avail a subsidy of up to ₹1.80 lakh on home loans. Here’s everything you need to know about this opportunity.

Key Features of PMAY-U 2.0:

Objective: The scheme aims to provide affordable housing for one crore urban families by 2029.

Target Group: Special focus is given to women, slum dwellers, SC/ST, minorities, widows, and other marginalized groups.

Income Criteria:

  • EWS (Economically Weaker Sections): Annual income up to ₹3 lakh.
  • LIG (Low-Income Group): Annual income between ₹3-6 lakh.
  • MIG (Middle-Income Group): Annual income between ₹6-9 lakh.

Subsidy Amount: Eligible women can receive an interest subsidy of 4% on home loans up to ₹25 lakh, with a maximum subsidy of ₹1.80 lakh, provided over five years.

    Application Process:

    1. Eligibility Check: Ensure you meet the income criteria and do not own a pucca house in India.
    2. Document Submission: Submit necessary documents like identity proof, income proof, and property papers.
    3. Loan Approval: Once your application is approved, you can avail the subsidy directly into your loan account.

    Subsidy Details:

    Income GroupAnnual IncomeMaximum Loan AmountSubsidy RateMaximum Subsidy
    Economically WeakerUp to ₹3 lakh₹25 lakh4%₹1.80 lakh
    Low-Income Group₹3-6 lakh₹25 lakh4%₹1.80 lakh
    Middle-Income Group₹6-9 lakh₹25 lakh4%₹1.80 lakh

    Why Should You Apply?

    Affordable EMI: With the subsidy, your monthly EMI reduces significantly, making it easier to own a house.

    Long-Term Benefits: Owning a house provides security and stability, and with this scheme, the government is making it easier for women to step into homeownership.

    Suraj Sharma

    SK Sharma is a senior content writer with 5 years of experience, having worked with top media outlets like Network 18 and Dainik Bhaskar. He holds a Post Graduate Diploma in English Journalism and currently writes full-time for Techiesk.

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