Budget Exception 2021: Government has created three categories to take advantage of the scheme
Category of applicants will be decided according to annual income
new Delhi. Everyone dreams of his house. In such a situation, the PM government started the PM Awas Yojana to make your dream a reality. Under this, for the first time, those taking home get a discount of Rs 2 to 3 lakh. So far, in the last year’s budget, an allocation of Rs 8000 crore was made for the Pradhan Mantri Urban Housing Scheme. Later in November, further contributions were added to it, but the government’s target has still not been met. In such a situation, it is expected that the government will increase its allocation limit in the budget presented on 1 February. It will also allocate more funds than the previous year.
It may be known that the Pradhan Mantri Awas Yojana was launched by the government with the objective of providing own houses to slums, kutcha houses or rented people in urban areas. The government aims to provide housing to all by 2022. Therefore, the plan can be expanded in the budget of FY 2021-22. According to sources, this time in the budgetary allocation more funds can be given for this scheme. This will increase employment opportunities and fulfill people’s dream of housing. This will also strengthen the economy. Also Read: Warren Buffet and Jeff Bezos can be made for just 73 rupees, know how
Who can apply
Under the Pradhan Mantri Awas Yojana, credit linked subsidy is given to first time home buyers. In this, people of weaker income group can get benefit of up to Rs 2.60 lakh on the interest of home loan. In this scheme, money is sent directly to the beneficiary’s account by the central government. Three categories of people are given loans under the scheme. Economic weaker sections whose annual income is 300000 rupees or less. The annual income should be up to Rs 6 lakh for LIG category and the same amount should be Rs 12 lakh for MIG category. Also read: