PMAY Gramin Home Loan Scheme 2017 – Subsidy/Interest Rates

Pradhan Mantri Awas Yojana - Gramin
January 17, 2017 | Last Modified: January 17, 2017 at 9:48 pm | Category: Central Government, Pradhan Mantri Yojana

Pradhan Mantri Awas Yojana – Gramin, the revamped version of Indira Awas Yojana rural housing scheme has now become more attractive for the beneficiaries. Prime Minister Shri Narendra Modi on 31st December 2016 announced new home loan scheme under PMAY-G under which the central government would provide interest subsidy on home loans in rural areas.

Till now, there was an optional home loan scheme under the Pradhan Mantri Awas Yojana – Gramin for a maximum loan amount of Rs. 70000 apart from the financial assistance. Below are the complete details of the PMAY-G home loan scheme announced by Narendra Modi.

Pradhan Mantri Awas Yojana Gramin Home Loan

As per the announcement, home loans up to Rs. 2 Lakh taken in 2017 for construction or extension of houses in rural areas will receive an interest subvention of 3%. The 3% subsidy on interest on home loans under PMAY-G will reduce the effective interest rate and hence the EMI by a significant margin.

At present home loans are available at 8.5% average interest rates from the nationalized banks, private banks and non banking finance institutions. After subsidy of 3% under PMAY-G, the effective interest rate come down to about 5.5% which will further result in lower EMI and hence less burden of interest on the borrower.

Below is a basic calculation of Subsidy / Interest Rates and EMI for a PMAY-G home loan.

PMAY-G Home Loan EMI Calculation

Home Loan Amount Tenure in Months Bank Interest Rate Subsidy EMI before Subsidy in Rs. EMI After Subsidy in Rs.
Rs. 2 Lakh 24 8.5% 3% 9091.13 8819.13
36 6313.51 6039.18
48 4929.66 4651.3
60 4103.31 3820.23

The calculation is based on the average interest rate of 8.5% and a loan amount of maximum Rs. 2 Lakh for a tenure of 2 to 5 years. Home loan under the Pradhan Mantri Awas Yojana – Gramin can be availed from any national, co-operative gramin bank, private bank or non banking financing institutions.

Find more details about PM Awas Yojana Gramin in English and Hindi at the links below
IN ENGLISH: Pradhan Mantri Awas Yojana – Gramin
हिंदी में: प्रधान मंत्री आवास योजना – ग्रामीण

62 comments on “PMAY Gramin Home Loan Scheme 2017 – Subsidy/Interest Rates

  1. MAHENDRA V. HIWARE says:

    SIR. muje home lone chahiye mai bamani .ka ta ballrapur di chandrapur rahne wala hu

  2. Ramesh says:

    Sir we are poor people please kindly provide
    To housing loan sir we construction our
    Owen house we asking loan by bank
    His we not give loan where get loan
    Who gives sir please kindly issue by
    Central government under scheme
    Housing loan sir

    Ramesh from Karnataka
    Hubl

    8553846547

  3. danishul says:

    dear sir
    mai yahan delhi me rehta hu apne mom ke sath rent pe mujhe bhi mera apna ghar bnana hai chota sa so plz help me
    pin 110033

  4. danishul says:

    dear sir
    mai yahan delhi me rehta hu apne mom ke sath rent pe mujhe bhi mera apna ghar bnana hai chota sa so plz help me

  5. chanda sah says:

    sir mera name chanda sah ha mere mami papa dono bimari se mar gai 2000sal me tab se abhi tak mai aapbi do bahan ka sadi tak sab ki bhai ko pada likha ke kuch karne yog banadi. par mere pas ghar nahi ha aap se binti ha aap mujhe ghar de jindgi aap ki aabhari rahegi. chanda sah
    ambari bagan
    ps banarhat
    bolk Dhupguri
    dt Jalpaiguri
    pin no 735201

  6. chandan prasad sah says:

    sir mera name chandan prasad sah ha mai west Bengal se hu yaha ki chor sarkar garib ko lut rahi ha aur Bangladeshi ko sabhi subidha de rahi ha sir mai grib hu jo kamata hu use khane me aur beti ko pdane me khatam ho jata ha ghar ka samsya ha aap to ghar de rahe ha sabhi ko mujhe bhi 1 ghar dijy sir aap ka ahsan jindgi bhar rahega. chandan prasad sah.

  7. shubham says:

    Sir hm bhut garib h .aur s.c m aate h hm chte h ki modi ji aap bhut ache pm bane ho. …hme laga ki ab grib logo ko loan milega lakin koi loan nhi mil rha h. …krpiya krke hme loan dila dijiye jisse hm apna ghr ka koi kam kr la aap ki bhut krpiya ho gi modhi ji .mera mobile no h 7417498526

  8. Sir Ian a very poor man please give me a home I’m staying in a plastic cover house and Iam a handicapped person

  9. Muralidhar kar says:

    Sir I’m a very poor man please give me a home

  10. keshaw gupta says:

    Sir
    My self keshaw Gupta from jamgaon raigarh cg
    My father name is Mr shyam Gupta sir we are
    Very poor and we want to build our home and we
    Are in list of bpl card.to build home please help us
    Thank you sir.

  11. RAJESH says:

    hi mera nama rajesh hey mera makan jo city me hey lekin wo gramin area me aata he. jo isi wajeh se muje HDFC BANK WALE LONE DENE SE MANA KARTE HEY. KYA PRADHAN MANTRI AAVASH YOJNA LONE GRAMIN AREA WALO KO NAHI MILTA. SIRF CITY AREA WALO KO HI MILTA HE… PLASE ANSHWER ME

  12. rajashekhar says:

    Please help me to how can i get this yojana ?? and my salary is 10000 per month

  13. KAILASH PRASAD PATEL says:

    KAILASH PATLE
    Sir namaste mai kialash patel meri sadi hogaye hai mai 9ooo salary kamata hun mere pas ghar nahi hai sari aur mai handicept hun mushe ghar dilwa do sir please mo. no 9893203613

  14. KC Chandran says:

    Sir, how to apply for this loan and where to apply?
    What are the documents required for getting such subsidized loan?
    How long it will take to get the loan amount, if passed?

    Thanks

  15. jaikee yadav says:

    good morning i would like inform you that i want take home loan so what is the procedure for loan.

  16. narender singh says:

    good morning muje kuch ni chahye ..muje srf ye pta krna h ki jo bhai log modi lahr ke sth chale h msg kr rahe h unke msg dekhta or unko koi rply b krta h ..bsss hume b koi ek br phon kr le apni problem phon pe hee btageee agr kbiii phon aaya to…

  17. vijay mehra says:

    hello sir mera name vijay singh hai mai punjab mai rehta hu mere ghar mai 3 behny mumy or mai rehta hu 15 sal se rent pe rah rhy hai hum bhot greb hai socha tah loan krwa kr ghar le lengy par jb bank ja kr pta kiy wo bolty sarkari job wale ko he loan mele ga hun kaha jay am jnta k leye kuch nhi hai par sarkari job wale ke salry bhe bhot or loan bhe use ko mile ga sir plz hel plz plz sirf ap he akhri umed ho plz help kro sir my numbr 7696896949 plz sir

  18. vijay mehra says:

    hello sir mera name vijay singh hai mai punjab mai rehta hu mere ghar mai 3 behny mumy or mai rehta hu 15 sal se rent pe rah rhy hai hum bhot greb hai socha tah loan krwa kr ghar le lengy par jb bank ja kr pta kiy wo bolty sarkari job wale ko he loan mele ga hun kaha jay am jnta k leye kuch nhi hai par sarkari job wale ke salry bhe bhot or loan bhe use ko mile ga sir plz hel plz plz sirf ap he akhri umed ho plz help kro sir my numbr 7696896949 plz sir

  19. Rajesh Kumar Saket says:

    if are you making tea survival so am why not doing something sir please response honourable pm ji.

  20. Abul hassain says:

    Sir iam Nazeer Ahamed,iam a poor family, iam from tamilnadu Tirupur dist live in kangayam village. Iam a 54 years old iam not have own house iam 30 years in rent home so pls help me I want modi sir home scheme pls help me 8144473001

  21. sanjay kumar says:

    vill ghugha post rampur kalan koravan allahabad

  22. Rathod Sanjay kumar pravinsinh says:

    Sir me gujrat ke ek gaaw se hu na to mere paas jamin hai na rahne ko ghar hai . isliye me or mere mata pita gaaw chhodkar surat me rent k makan me rahte hai.to kya aap meri help kar sakte hai.gaaw me ham ja bhi nahi sakte jaye to kiske ghar jaye khud ka mitti ka ghar tha wo gir gaya hai.gaaw jane me bhi hichkichahat hoti hai ab to please help me sir.

  23. jagroshan says:

    Sir mera naam jagroshan hai.vill.ugrakheri panipat se hoo .m.n.8950490478 hai.mai panipat me gaurd ki duty karta hoo .meri salary ke 8200 rupey icici bank me aate hai. Mai bank me 2 lankh loan ke liye icici loan branch me gaya to muje kaha gaya ki kam se kam 18000 rupey ki incom honi chahiye ,.please sir muje garib ki madhadh kijiye. 1 saal pahale maine ladki ki shadhi ki thi.muj par karib 3 lakh rupey tak ka gaav ke shahukar ka karj hai meri salary bayaj dhene me chali jati hai. please call me. muje jaldi se jaldi loan dilwaya jaye.

    • Dude says:

      आप किसी सरकारी बैंक में जाकर कोशिश करिये वहां से आपको लोन मिल सकता है

  24. jayram yadav says:

    sir modiji mai garib parivar se hu rahane ke liye house nahi hai ek chhota sa sapno ka ghar ki jarurat hai

  25. jayra yadav says:

    sir modiji mai garib parivar se hu rahane ke liye house nahi hai ek chhota sa sapno ka ghar ki jarurat hai

  26. AVIJIT KHATUA says:

    Sir,

    Aam Logon ke liye koi loan nahi he. Kyon ki me jab bhi bank jaata hun to yehi kahte he ke apki income kam he apko loan nahi diya ja sakta. main heran hun ke modi ji kehte he sab ke liye loan. yaha to amir admi ko hi laon diya jata he. aur jaroorat walon ko nahi

  27. Developer Finance Hub says:

    I was just searching for some great financing schemes like Private Equity Australia and i hit you blog, you have done commendable job by sharing such huge amount of info. Keep us posted further.

  28. JAHANGIR ALOM says:

    My name is Jahangir Alom from West Bengal
    My.no.9679204070
    MUJHE GHAR BANANA HAI…GOVT. HELP KYSE MILEGA

  29. Manoj Kumar says:

    amiron ko loan milta he garibon ko nahi

    Manoj Kumar
    9217262125

  30. Manoj Kumar says:

    Sir,

    Aam Logon ke liye koi loan nahi he. Kyon ki me jab bhi bank jaata hun to yehi kahte he ke apki income kam he apko loan nahi diya ja sakta. main heran hun ke modi ji kehte he sab ke liye loan. yaha to amir admi ko hi laon diya jata he. aur jaroorat walon ko nahi

    Manoj Kumar
    9217262125

  31. Nrendra says:

    Namste Sir, Mujhe Mkan Banvana Hai Or Muze Yojna Ke Antargat Home Loan Chyhiye, So Plz I Request To You…. My Add Vill Bishnuli Post Dujana Distt G B Nagar

    Mr Narendra Kumar
    Cont 9560302873

  32. Chiranjit bera says:

    Sir.. What is the process to get a home loan… I have also the name list in 2017

  33. Amar Baburao Shinde says:

    Namste Sir, Mujhe Mkan Banvana Hai Or Muze Yojna Ke Antargat Home Loan Chyhiye, So Plz I Request To You….

  34. dipti prakash pati says:

    Sir,Namaste,Sir aap jitni bhi scheem nikalnese bhi koi hamare jese jarroratmand ke paas nahin pahunch paata.kisi bhi adhikari ke paas query keliye jaao to niraas hona padta hai.so pl eise kisi ke paas jaake hum log benefit ho payen bataiey.Odissa ke Jajpur district ke niwaasi hoon.last 18saal se rent main raheraha hoon.thak gaya hoon.halaki apna jameen hote huevi ghar nahin bana paaten.bank main loan kelie query kiye to adhikari bina ‘Patta’ ke loan dene main mana karte hain.jameen pichle 27saal se kharida hua lekin jameen ka patta abhitak nahi mila.Is haalat main bachho ke features bhi loss main jaa raha hai.pl koi eisa help mile taaki apna ghar karsaku.

  35. Nadim khan says:

    Pm ji mara bhee ghur na bana thora dheeian mare taraf bhee do.
    Nadim khan milana Dist Baghpat 9634478804

  36. mukesh mishra says:

    regency aqua products & rathi industrial gases – rudrapur in profit loss &
    mob.no.7376305842

  37. jagdishgehalod says:

    Jagdishgehalod bherulal gram Kanwan tehasil badnawar

  38. dharamveer sharma says:

    Sir i m dharamveer i want loan house pls help us 9023122924

  39. Sunil Bhagawan PAWAR says:

    मा, पतंप्रधान मोदी जी
    मै सूनिल भगवान पवार मै आपसे यह कहैना चाहता हू कि आपने जग भर गरीबो को घर मिलेगा 2022 तक तो इसमे मेरा और मेरे दो भाई का घर नही है सूरेश भगवान पवार आणिल भगवान पवार यह दोनो को रहेन को घर नही है तो कृपया आप यह पडकर एक महीने मे दो घर मजूर करदिये गा क्या की आप ने कहा है हर गरीब को घर मूझे भरोसा आपपर तो आप हमारा काम कर देगे
    मा, सर जी मै रहेनेवाला बहूलखेडा ता सोयगाव जि औरंगाबाद का हू मै यह भी कहेता हू की मूझे बॅकं से लोन भी मिला तो 200000/ दो लाख तो अच्छा है कृपया मजूर किजीएगा आपक सूनिल पवार

  40. Amit Dhakad says:

    dist. Raisen Madhyapradesh ….Sir mujhe Makan repair krane bale 2 lakh bale loan ke bare me Kha se poochna hoga or kese milega ……

  41. mukhtarahmed halemani says:

    Sir mere pass 30*40 size ka plot hai my grameen pradesh me rehta hu (karnataka) muje gharbananeke liye paise ki mazburi hai isliye muje pradhan mantri grameen yozana ki avashyakata hai please muje helf karo

  42. BISHNU mAZUMDAR says:

    PMGY TARAP SE MUJE OR MERI FAMILLY KO EKSAT REHENAI KE LIYA EK GHARE MILTE TO HUME OR HAMARI FAMILLY SHUKHI SE JE SAKTE HAI PLZ.DAYA KORKE MUJE EK GHAR MILTE TO HUMARI JIWAN DHANYA HO JATI. HAMARI PANCHAYAT SE OBHI TOK KUSBHI NAHI MILA QUO KI HUME GHARIP LOKE HAI HAMARI PRESIDENT OMIR LOK HAI ISLIYA .
    VILL-2NO BURGAON, P.O- BURGAON, DIST- MORIGAON (ASSAM), P.S- MAYONG, PIN-782411

  43. abdul chhalammolla@gmail.com says:

    sir
    apni amake ekit home lone din.
    ami ghor banabo.
    apnar kache chiro kritoggo thakibo.
    name.abdul chhalam molla.
    vil.khari shrinagar
    p.o kashinagar
    p.s. raidighi
    block. mathurapur 2
    dist.south 24 parganas
    stete .wb
    pin .743349

  44. abdul chhalammolla@gmail.com says:

    sir
    apni amake ekit home lone din.
    ami ghor banabo.

  45. RAJESH SUTHAR says:

    SIR MUJHE BHI GHR CHAHIYE MERA BHI GHAR BHUT BARISH ME BHUT PANT APKTA HE OR NADI KA PANI GHRH ME GUSH JATA HE

  46. chandrakishor kumar says:

    PRADHAN MANTRI JEE SE ANURODH HAI KI MUJHE GARIB PAR JARA DHYAN DIJIYE..

  47. Hanuman chauhan says:

    Sir ji ghar banwane keliye lone chahiye

  48. jonee gaglan says:

    My name jonee kumar .utter pardash.
    My.no.9760586636
    muja ghir ka laya lone chaya

  49. subhash dhukia says:

    muke bhi home chhiye

  50. mohd zubair says:

    My name mohd jubair from meerut utter pardesh my number 8273539854 h plz call me mujhe ghr lena h uske liye lon ki zruret h halp me me rent pr rheta hu

  51. urmila sharma says:

    Sir je Namste sir humare pass bhe ghar nahi hai sir humne plot le rakha hai leken bacho ke padae me itna khacra hota hai ke humara ghar muskil se chal pata hai modi je hume home loan chahiye sir please help me my no. 9467702976

  52. p.poomari says:

    Election

  53. p.poomari says:

    please sir my own house lone any help Small hose rain very lase government any help

  54. ANANDA BISWAS says:

    Vill. Konchmali . Bainchi . Pandua . Hooghly – 712134 plz homes loans 2 lake

  55. mohd zubair says:

    Sir jii my name mohd jubair from meerut utter pardesh my number 8273539854 h plz call me mujhe ghr lena h mere pas ghr nhi h halp me sir jiii lon dila do sir jiii plz

  56. Aslam noori says:

    Dear sir Mai Aslam noori from Khajurbaari khatiyapichla sitalpur p/s paharkatta block pothia dist kishanganj bihar ka rahne wala hu? sir mera ghar kaccha mitti ka hai, jis mai khas kar barsat mai rahne mai bahut hi muskil hota hai, plz hamai v ek loan mil jane se ik achcha sa ghar bana lenge

  57. bheru lal bairwa says:

    Sar Mera Makan कच्चा है बारिश में मकान करने का डर रहता है मेरा भी मकान बनवा दीजिए bheru lal bairwa. Villag jhalra. Panchayt banwari tahsil jahajpur.distric bhilwara raj.

  58. sunilkumar verma says:

    सर मैं गांव में रहता हूँ मेरा घर फुस का है कृपया करके मेरा भी घर बनवा दीजिये सुनील कुमार वर्मा दोघरिया कोचाधामन किशनगंज बिहार 855115 help me

  59. Sagar BJP says:

    Shri मोदी जी मेरी आपसे गुजारिश है के मेरे इस पत्र को ध्यान पूर्वक पडे मेरे पिता जी का
    नाम – Shri रोशन लाल $/. Shri जय सिंह
    मकान सख्या -129 गांव -पीरबड पोस्ट -बघरा
    जिला -मुजफ्फरनगर पिन कोड 251306
    (उत्तर प्रदेश ) के निवासी है सर जी हम बहुत गरीब है जब भी कभी वर्षा आती है तो हमारे घर की छत टपकने लगती है हमारे पास बी. पी. एल कार्ड होने पर भी अभी तक हमारा घर नही बना है ।सर जी मेरी आपसे गुजारिश है के हमारा घर बनवाने का कष्ट करे मे आपके जवाब का इंतजार करूंगा धन्यवाद

  60. Ramesh chandra says:

    Namste sir& madm me ak garib ghar se hu merrid hu me meri madm & mera 2 sal ka lrka h delhi me lebar cost par job karta hu 9000 mahina kamta hu rent par 6-7 sal se rah raha hu piliz hamri hame rahne ke liye apna ghar chahiye hame ghar dene ki kirpa ke mera no 9716061592

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