Is PMAY applicable to HDFC?

You can apply for the Pradhan Mantri Awas Yojana scheme through HDFC Bank.

How can I avail PMAY subsidy in HDFC Bank?

Pradhan Mantri Awas Yojana Eligibility

The beneficiary family should have an annual income of up to ₹ 18 Lakh to avail benefit under PMAY scheme.
The beneficiary family should not own a pucca house in his/her or in the name of any member of his/her family in any part of India.

How can I check my HDFC PMAY status?

Visit http://pmaymis.gov.in/, the official website of PMAY scheme.

Go the option titled 'Citizen Assessment' on the task bar.
Select the option 'Track your Assessment status' form the drop down menu under Citizen Assessment.

Which bank is best for PMAY?

No single bank (depending on person to person) is best for a PMAY home loan; you can avail of SBI, Bank of Baroda, ICICI Bank, HDFC Bank or Axis Bank for faster approval and good customer service.12-Apr-2022

Is PMAY 2022 extended?

The central government has extended the validity of both the verticals of the PMAY programme. The PMAY-Gramin programme is valid till March 31, 2024. The PMAY-Urban scheme is valid till December 2024.23-Nov-2022

How PMAY subsidy is credited?

Interest subsidy will be credited upfront to the loan account of beneficiaries through Primary Lending Institutions resulting in reduced effective housing loan and Equated Monthly Instalment (EMI). The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9 %.

Is PMAY subsidy extended 2023?

The Union Cabinet had previously approved the extension of the PMAY-Gramin scheme till March 2024.

How many days does PMAY amount get credited?

How long will it take to get a PMAY Subsidy? If you have applied for the CLSS subsidy, it takes anywhere between 3-4 months to get the subsidy amount, once the verification is complete.18-Feb-2022

What happens if PMAY subsidy is not received?

The whole process from submitting of application for the subsidy to the release of funds to the borrower's loan account from central nodal agencies can take up to 6 months. In case of delay in the release of funds, an applicant can reach out to the grievances redressal department at grievance-pmay@gov.in.24-Jan-2022

How can I check my PMAY 2022 list?

How to Check PMAY Urban List 2022?

Visit pmaymis.gov.in.
Click on 'Select Beneficiary' and select 'Search by Name' from the drop-down menu.
Enter your Aadhaar number.
If your Aadhaar number is present in the database then you will find beneficiaries detail. Explore the Benefits of Applying home loan under PMAY Urban.

Why is PMAY subsidy rejected?

Is your PMAY subsidy rejected? One of the main reasons is that you actually don't belong to the eligible income group. For PMAY, you need to belong to one of the four groups: the EWS or Economically Weaker Section, the LIG or Lower Income Group, MIG-I or Middle Income Group-I, MIG-II or Middle Income Group-II.

Why is PMAY application rejected?

If you are already a homeowner or have a home registered under your name or the name of your immediate family member, you will not be eligible to claim the benefits offered by the PMAY scheme. Providing false or incorrect information in this context is sure to get your application rejected.

Can I apply for PMAY after March 2022?

Last date to Apply for LIG and EWS Category is 31 March 2022. For MIG(I and II) Category to apply for PMAY scheme. However, the Union Cabinet extended the implementation date to 31 December 2024.

Can I apply PMAY after 5 years?

Yes, you can apply for PMAY after the loan is disbursed.

Is PMAY going to start again?

The continuation of the scheme based on the request of States/Union Territories up to December 31, 2024, will help in the completion of already sanctioned houses under BLC, AHP & ISSR verticals.02-Sept-2022

Is PMAY expired?

The Union Cabinet on Wednesday approved continuation of Pradhan Mantri Awas Yojana (Urban) till December, 2024, a statement stated. Launched in June, 2015, the original deadline for the scheme - 'Housing for All' Mission - aimed at providing pucca houses to all eligible urban beneficiaries was March 2022.11-Aug-2022

When PMAY will end?

Key Highlights of PMAY Scheme

Who approves PMAY subsidy?

Primary Lending Institutions such as Scheduled Commercial Banks (SCB), Housing Finance Companies (HFCs), Regional Rural Banks (RRBs), State Cooperative Banks, Urban Cooperative Banks (Scheduled as well as Non-scheduled), Small Finance Banks (as approved by the Reserve Bank of India) and Non-Banking Financial Company-

How much money we get from PMAY?

1.50 Lakh per year on the home loan principal repayment. Section 24(b) – Deductions of up to Rs. 2 Lakh per year on home loan interest payment.

How many stages are in PMAY subsidy?

Process of getting CLSS subsidy under PMAY As mentioned above, your application for subsidy under the CLSS goes through four stages before it is finally released into your account at the fifth stage.20-May-2022

What is 3rd phase of PMAY?

3 Phases of PMAY envisage starting and completing the house construction work as follows: PMAY Phase-1 from April 2015 to March 2017 to cover 100 cities. PMAY Phase-2 from April 2017 to March 2019 to cover additional 200 cities. PMAY Phase-3 from April 2019 to March 2021 to cover the remaining cities.

Is PMAY applicable to HDFC?