What is the maximum carpet area prescribed in PMAY scheme for MIG II category?

CLSS MIG 2 Scheme under PMAY The beneficiaries of the MIG- 2 category are eligible for a maximum interest subsidy of 3\%, provided that the unit being constructed or purchased does not exceed the carpet area requirement of 200 square metres (approximately 2,152.78 square feet).

What is maximum carpet area?

The housing and urban affairs ministry has increased the carpet size for affordable housing under Pradhan Mantri Awas Yojana for MIG-I and MIG-II by 33\%. Now, the carpet area has changed from 120 to 160 square meters and 150 to 200 square meters respectively.

What is the maximum home loan amount on which interest subsidy is admissible for EWS LIG under CLSS?

For EWS and LIG categories the interest subsidy is 6.5\% on loan amount up to Rs 6 lakh. The interest subsidies of 4\% and 3\% on loan amount up to Rs 9 lakh and Rs 12 lakh were admissible for MIG I and MIG II respectively. The benefit for these beneficiaries under CLSS worked out a loan period of 20 years.

How is carpet area calculated?

How to Calculate Carpet Area. Inner wall area + floor area = Carpet area. Multiplying the length and width of each room, inner walls, inner corridors, etc., and then adding them all up would give you the carpet area of the house.

What is the carpet area for PMAY?

The carpet area of house under this Scheme should be up to 160 sq. mts. for MIG-I beneficiaries and up to 200 sq.

Is PMAY extended to 2022?

The Pradhan Mantri Awas Yojana (PMAY) is an initiative of the Government of India which aims at providing affordable housing to the urban poor by the year 2022. The last date for availing the PMAY CLSS scheme for the LIG and EWS categories has been extended to 31 March 2022.

What is the maximum subsidy under PMAY?

The maximum subsidy under this scheme can be Rs 2,67,280. The amount of subsidy will be reduced proportionately, if the loan amount is lower than Rs 6 lakhs.