Why Home Loan Customers not received PMAY Subsidy after 2021

Why Home Loan Customers not recieved PMAY Subsidy after 2021

Most of the customers who have applied for PMAY Suubsidy before 2020 were recieved their Subsidy on time from their Loan provided Bank. Central Government of India released subsidy on time. After 2021 there is some delay in subsidy delay from Central Government which resulted in non reciept of PMAY Subsidy in Customers Loan Account.

Is PMAY Subidy delayed only for MIG I and II group.

As per the report we can say that not only MIG group affected in non reciept of PMAY Subsidy but LIG customers also not recieved subsidy after 2022. Part by by settlement is going on once the fund released from Bank

 

Why Home Loan Customers not received PMAY Subsidy after 2021

How Long it will take by the Central Government to release PMAY Subsidy fund.

After Covid also central government release many Crore Rupees towords PMAY Subsidy. But still many more amount to be released from Central Government. Before 2024 March I hope it will be cleared by the Central Government of India.

PMAY Application processed will reccieve subsidy

As per the information from bank officials the PMAY Application recieved on time will get subsidy once the fund released from Central Government.

Is there any Guarantee of PMAY Subsidy once Application Id created.

Government/ Bank will not guarantee PMAY subsidy only after creating APP Id, But if your income group Eligible and you are eligible in all other requirement you will get PMAY Subsidy as promised by Narendra Modi Sir

Home Loan Interest Rate Increased from June 2022 also afecting many Middle class people to pay their EMI. If PMAY Subsidy get released on time then they will get little confort

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