PMAY Gramin Home Loan Scheme 2023: Pradhan Mantri Awas Yojana Gramin (PMAY-G), the revamped version of Indira Awas Yojana rural housing scheme has now become more attractive for the beneficiaries. Prime Minister Shri Narendra Modi on 31st December 2016 announced new home loan scheme under PMAY-G under which the central government would provide interest subsidy on home loans in rural areas.
Till now, there was an optional home loan scheme under the Pradhan Mantri Awas Yojana – Gramin for a maximum loan amount of Rs. 1.20 lakh in plain areas and Rs. 1.3 lakh in hilly states, difficult areas and IAP district apart from the financial assistance. Below are the complete details of the PMAY Gramin home loan scheme announced by Narendra Modi.
PMAY Gramin Home Loan Scheme 2023
As per the announcement, home loans up to Rs. 2 Lakh taken in 2023 for construction or extension of houses in rural areas will receive an interest subvention of 3%. The 3% subsidy on interest on home loans under PMAY-G will reduce the effective interest rate and hence the EMI by a significant margin.
At present home loans are available at 8.5% average interest rates from the nationalized banks, private banks and non banking finance institutions. After subsidy of 3% under PMAY-G, the effective interest rate come down to about 5.5% which will further result in lower EMI and hence less burden of interest on the borrower.
Below is a basic calculation of Subsidy / Interest Rates and EMI for a PMAY-G home loan.
PMAY-G Home Loan EMI Calculation
| Home Loan Amount | Tenure in Months | Bank Interest Rate | Subsidy | EMI before Subsidy in Rs. | EMI After Subsidy in Rs. |
|---|---|---|---|---|---|
| Rs. 2 Lakh | 24 | 8.5% | 3% | 9091.13 | 8819.13 |
| 36 | 6313.51 | 6039.18 | |||
| 48 | 4929.66 | 4651.3 | |||
| 60 | 4103.31 | 3820.23 |
The calculation is based on the average interest rate of 8.5% and a loan amount of maximum Rs. 2 Lakh for a tenure of 2 to 5 years. Home loan under the Pradhan Mantri Awas Yojana – Gramin can be availed from any national, co-operative gramin bank, private bank or non banking financing institutions.
Find more details about PM Awas Yojana Gramin in English and Hindi at the links below
IN ENGLISH: Pradhan Mantri Awas Yojana – Gramin
हिंदी में: प्रधान मंत्री आवास योजना – ग्रामीण
Official website for PMAY Gramin Home Loan Scheme 2023 – http://www.iay.nic.in/netiay/
Central Government Govt Schemes 2023Popular Schemes in Central Government:Pradhan Mantri Awas YojanaPM Awas Yojana Gramin (PMAY-G)NREGA Job Card List
Gramin house loan
Graman house loan
How to online apply gramin people
homeloane under pmayg?
https://pmayg.nic.in/netiay/contact.aspx
How to apply a home loan through pmay gramin area please reply me
Sir
I am ASHOK PATIL age:42
VILLAGE -KOREGAON DIST SANGLI TAL-WALWA PIN-416302
I want home lone TEN LAKH ONLY BY PMAY Gramina home lone schem
I have a private job my salary 14000
How to process get home loan in PMAY. Please help me sir.
Hello, Have taken my home loan on Dec’2015. Am I eligible to apply for this PMAY Gramin Home Loan Scheme.
Gramin home loan
I already taken 35 lakh home can i get this subsidy benfit
Housing loan 400000four lac se Jenu interest vadhare are se to su karvu? Please sir help me my email me mahiti apaso. Share 3 years ma 125000 jevu interest avyu me principal 45000 jevu thayu.mahiti Sher karso. Any job Sasta interest me loan multi hot to cigar apaso sir 9909868633
im nagaraja k t ,s/o thippareddy k s, kambalahalli village chinthamani thaluk chikbalapur district ,im working at banglore pvt company and i have to custruct an house i village ihave to applay PMAY-Gramin ,please help me
Sir
I am Pandit majhi age:27
Village:sonaposh west singhbhum jharkhand 833214 Rural
I want home loane PMAY Gramina home lone schem
I am working in bangalore
How to process get home loan in PMAY. Please help me sir.
Reply
Sir
I am mevada babulal mohanlal
vill-vansol ta vadgam dist banaskamtha state Gujarat pin 385421
I want to home loan PMAY (gramin home loan schem) My mounthly income is 25000/month. But My property is lease of land.
How to process get home loan in PMAY. Please help me sir.
Reply
iwant to build a house in my village iwant pmayloan .i need 9 lakhs loan .iam a agriculturalist what is plan in repaymenyt
idnt have have monthly income payment.
Sir
I am Venkataramana reddy S/O Prabhaker reddy age:40
Village:Narayanaraopet Mondal:Siddipet Rural Dist Siddipet ,Telangana 502107
I want home lone PMAY Gramina home lone schem
I have a private job in DUBAI
How to process get home loan in PMAY. Please help me sir.
Reply
Sir
I am MANAS BEDI age:32
VILL & PO RAMCHANDRAPUR, DIST- PURBA BARDHAMAN PIN-713426
I want home lone PMAY Gramina home lone schem
I have a private job my salary 9000
How to process get home loan in PMAY. Please help me sir.
I want my home reparing for village . I have land full papers .
My adress vill+ po musarhi polish st karayparsurai dis nalanda bihar 801304
I want 3to 5 laks i havv 10 aker land
Post-surana talukA-diyodar dist-banashkantha
Sir
I am Raghavendar s/o Suraiah age:25
Village:Batlachandaram Mondal:Doma Vikarabad Dist,Telangana 501502
I want home lone PMAY Gramina home lone schem
I have a private job my salary 15000/
How to process get home loan in PMAY. Please help me sir.
Mai Niranjan agarwal West Bengal Howrah Bally mai rahata hu.mai sbi Allahabad bank gaya pmay ke liya.yeh mera pahela property ha magar bank walo ne panchayat aria ha bolkar mana kar diya.so plz help system
Sir
I am Arif Mohammad Saikh s/o jamiruddin Saikh
vill-nimra p.o kirnahar dist Birbhum state west bengal pin 731302.
I want to home loan PMAY (gramin home loan schem) My salary is 10000/month. But My property is lease of land.
How to process get home loan in PMAY. Please help me sir.
BpL लिस्ट में नाम नही हो तो लोने कैसे मिलेगा Pmayg में ये तो बताया नही और 2 लाख से ज्यादा कैसे ले। मतलब योजना तो है पर बीरबल की खिचड़ी की तरह।
SIR JI M REWARI HARYANA ME REHTA HU MERE PASS KHALI PLOT H JO GRAM PANCHAYAT ME AATA HA AUR MUJE MAKAN BANANE KE LIYE SASTA LOAN CHAIYE PLS HELP KON SA BANK DEGA LOAN MY NO IS 9468230175
Bina chadhawa ,agar lone mil jay to Modigi ko is bar BHI vote ,
Kyoki bank ki starte n Modi ko pata hai n aap ko
sir hamare pas kheti hai.
hamara ghar mitti ka hai
hame home lone konsi bank degi
plige sr,homko hom lon li jorurath ha up to 4lack,plz sr may ac,31579265980 sbi or mob.no.7699597078. biswanath bauri,
At tekchand pur po ada dest balasora orissa pin ca 756134 ph 7077249397 plz call home lone
At tekchand pur po ada dest balasora orissa pin ca 756134
I need home loans plz 9580211804
plz call help me I need home lone.. my contacts no. 7066433526
procegar KY ahe sir.. kutepn ja konyapn bank made gelo pn koni response nai.. sarvch mantat amchya kde nai tumi dusrya brnch mde chauksi krayla sangtat.. plz help
Mera name Paramveer lon karna chahte hain
Hello sir mera name hai Anmol Prajapati s/o Harikishun Prajapati mera gher hai city Ghosi .dict..mau u.p pin number 275105 hai mudhe 200000 tek ka lone chahiye plz sir
sir is ke liye online application kar sakte hai kyaa
agar kar sakte ho to site kaa naam batao
Nahi, PMAY-G ke liye online application nahi kar sakte
Sir kindly provide me a housing loan so that I will be able to make a house. I need it very urgent. Sushil Kumar Mohanty Mob No 842063525
Can a government servant claim PMAY interest subsidy ,whose annual income around 3 lakhs.?
Loan kaise milega uska Detel janna h
Sir mujhe pradhan mantari aawas yojna k tahat home loan ki jankari chahiye garamin chetra k liye .so plz bataiye
Sir Hame home loan Ki need hain pless hamera loan kar deya jaye mob.no.8699340343
is a man without any property and money can get avas yojan scheme without political influence