Prime Minister Awas Yojna Scheme To Bring Down EMIs For Property Purchased in Urban Areas; Middle Class Rejoice!

pradhan mantri awas yojana

Homebuyers who are looking to utilise the Prime Minister Awas Yojna (PMAY) will have their monthly home loan payments or EMIs reduce by about INR 2,000 if buying the first home in the city. However, their annual household income must be in the range of 12-18 lacs. Even if the overall loan is higher, the government is still offering an interest subsidy of about three or four percent on borrowings of INR 9-12 lacs. Indian… Read More »

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