How to Apply for Pradhan Mantri Awas Yojna Home loan?

Pradhan Mantri Awas Yojana or (PMAY) is a program by Government of India in which affordable housing will be offered to the urban poor with a target of building 20 million inexpensive houses by 31 March 2022] It has two sections namely, Pradhan Mantri Awas Yojana for urban poor also known as PMAY-U and Pradhan Mantri Awas Yojana Gramin/ruler known as PMAY-G and PMAY-R for the rural poor. This project is converged with other projects to make sure that houses have a toilet, Ujjwala Yojana LPG gas connection, electricity connection under Saubhagya Yojana, access to potable water and Jan Dhan banking facilities, etc.

How to apply for PMAY home loan?
Once you register for the Pradhan Mantri Awas Yojana, you can apply for home loans with by choosing your own lender. Here, be sure to pick out the one enlisted under PMAY. The second step will be to evaluate various lenders and loan offerings according to the amount of home loan and interest rates. As soon as your application gets sanctioned, you will receive the amount of your loan in your account. The lender will then request for subsidy on your behalf from the government of India.