[nilesh]

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Hii sir, I Wants to get the Information About the Pradhan Mantri Awas Yojana -Scheme of the ICICI Bank Will you Please Provide it ?

[prince karak]

The "Credit Linked Subsidy Scheme” (CLSS) under Pradhan Mantri Awas Yojana (PMAY) was announced by our Honourable Prime Minister Shri Narendra Modi. The scheme envisages the vision of housing for all by the year 2022.

Targeted person

Under this scheme, interest subsidy on purchase/ construction/ extension/ improvement of house is provided to customers belonging to Economical Weaker Section (EWS)/Lower Income Group (LIG)/Middle Income Group (MIG).


Features
Upfront interest subsidy benefit on principal outstanding
Aadhaar number(s) of the beneficiary family are mandatory for MIG category
Interest subsidy will be available for a maximum loan tenure of 20 years or the loan tenure availed by the borrower whichever is lower
There is no cap on the loan amount or on the cost of property.
The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.
The additional loan beyond the specified limits, if any to be at non-subsidized rate.


Annual Family Income
18,00,000


Loan Amount
15,00,000


Tenure(Months)
240


For more Information you may Visit the Nearest branch of the ICICI Bank