Housing Loan Interest Subsidy Scheme 2025:- The Government of India has recently launched the Housing Loan Interest Subsidy Scheme under the Pradhan Mantri Awas Yojana for the citizens of India. This scheme will help the poor urban people living in the cities to buy or construct their own houses. This is a step taken by the central government for those people who do not have the financial capability to build or purchase their own houses.
The central government has launched the Housing Loan Interest Subsidy Scheme for people who live in urban areas but live in rented houses. In slums or chawls or unauthorized colonies. We will provide all the important information in this necessary article. To know more about this scheme, read the article till the end.
Housing Loan Interest Subsidy Scheme 2025
The housing loan interest subsidy scheme was launched by the Prime Minister of India earlier this year. The proposal was announced by Prime Minister Narendra Modi in his Independence Day speech, though there were no specific details earlier. On loans up to Rs 9 lakh, the program will provide an annual interest rebate between 3% and 6.5%.
According to sources, housing loans of less than Rs 50 lakh taken for a tenure of 20 years will be eligible for the new scheme. The program may help 25 lakh low-income metropolitan area loan applicants, but the number of subsidized loans will depend on the demand for such homes.
Key Highlights Of Housing Loan Interest Subsidy Scheme
| Name of the scheme | Housing Loan Interest Subsidy Scheme 2025 |
| Launched by | The Prime Minister of India Mr. Narendra Modi |
| Benefits | To provide financial assistance for poor urban people who cannot afford a house of their own. |
| Objective | Providing loans |
| Beneficiaries | Residents of India |
| Application Mode | offline and online |
| Official website | https://pmaymis.gov.in/ |
Objective Of Housing Loan Interest Subsidy Scheme
The main goal of this scheme is to build 20 million houses for low-income families, middle-income groups and economically disadvantaged sections of society by 2022. The goal of the Housing Loan Interest Subsidy Scheme is to provide affordable homes to all. This program focuses specifically on providing affordable, sustainable homes to low-income and disadvantaged people.
Under this scheme, the transgender community as well as widows from low-income groups will also benefit from this program, which will also be beneficial for minorities. Thanks to the Pradhan Mantri Awas Yojana, this has been made possible at an affordable interest rate compared to other home loans. You can apply online to avail the benefits of this scheme.
Benefits Of Housing Loan Interest Subsidy Scheme
० The Indian government would offer beneficiaries of house loans a 6.5% interest discount for 15 years after the start of their loan terms.
० Given that the female applicants in the family are given preference, this program is pro-women.
० Senior citizens and people with disabilities will be given preference when it comes to receiving the ground floors of houses under the program.
० All homes constructed under the project will be technologically advanced and compliant with environmental regulations.
Eligibility criteria
० The applicant must be an Indian citizen.
० The applicant must not have any home loan scheme running under their name.
० The applicant must belong to the poor or lower middle class.
Required Documents
० Driving License
० Aadhar Card
० Voter ID card
० Utility bill
० Passport
० Ration Card
० Electricity bill
० Mobile Number.
How to Apply under the Housing Loan Interest Subsidy Scheme 2025
STEP 1: First, visit the Official Housing Subsidy Website.
STEP 2: Under Citizen Assessment, select “Slum Dwellers” or “Benefits Under 3 Components”
STEP 3: On the Pradhan Mantri Awas Yojana website, choose a category.
STEP 4 To confirm your Aadhar information, enter the Aadhar Number and click Check
After the verification, complete the form’s information. Make sure all the information you enter is accurate; otherwise, your application will be rejected
STEP 5 After filling out all the fields, input the captcha, and press the submit button. Your application has been submitted successfully.
Contact details
- Contact number; 011-23060484,
- Email : grievance-pmay[at]gov[dot]in
| More Latest Update | Click Here |