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

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

  1. 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

  2. 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

  3. 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

  4. 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.

  5. 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

  6. 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

  7. ANANDA BISWAS says:

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

  8. p.poomari says:

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

  9. p.poomari says:

    Election

  10. 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

  11. 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

  12. subhash dhukia says:

    muke bhi home chhiye

  13. jonee gaglan says:

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

  14. Hanuman chauhan says:

    Sir ji ghar banwane keliye lone chahiye

  15. chandrakishor kumar says:

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

  16. 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

  17. abdul chhalammolla@gmail.com says:

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

  18. 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

  19. 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

  20. 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

  21. 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 ……

  22. 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

  23. dharamveer sharma says:

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

  24. jagdishgehalod says:

    Jagdishgehalod bherulal gram Kanwan tehasil badnawar

  25. mukesh mishra says:

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

  26. Nadim khan says:

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

  27. 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.

  28. Amar Baburao Shinde says:

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

  29. Chiranjit bera says:

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

  30. 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

  31. 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

  32. Manoj Kumar says:

    amiron ko loan milta he garibon ko nahi

    Manoj Kumar
    9217262125

  33. JAHANGIR ALOM says:

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

  34. 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.

  35. 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

Disclaimer & Notice: This is not the official website for any government scheme nor associated with any Govt. body. Please do not treat this as official website and do not leave your contact information in the comment below.

Leave a Reply

Your email address will not be published. Required fields are marked *