Who gets Rs 2.50 lakh back on buying a new house? Know the rules

House Buying Rules: If you are looking to buy your own new house. So know this rule. You will get Rs 2.50 lakh back on buying a new house. Know full information about the scheme.

Having your own house is the dream of every middle class family. But buying a house is a big financial decision in today's time. Things like loan, EMI, registration fees and tax shock people's budget.

It is important for people to take care of these things before buying a house. Otherwise, later on, they have to face problems. There are many people who are not able to buy a house. The government helps such people.

Under the Pradhan Mantri Awas Yojana of the Government of India, these people are helped to get a house. So if you also want to buy a house. So you will also get Rs 2.50 lakh back from the government on buying a house.

Actually, let us tell you that under the Pradhan Mantri Awas Yojana of the Government of India, people coming from economically weaker section and low income group get financial assistance under this scheme of the government. Some rules have been fixed for this.

If you come in the economically weaker section. Your income should be up to Rs 3 lakh per annum. So you will get a subsidy of up to Rs 2.50 lakh on a 30 square meter house. On the other hand, if you come from the low income group. So your annual income should be between Rs 3 lakh to Rs 6 lakh and you will get this much on a 60 square meter house in urban areas.

On the other hand, if you belong to MIG i.e. Middle Income Group. In MIG-I, the annual income is between Rs 6 lakh to Rs 12 lakh. So you will get 4% subsidy on interest and in MIG-II, if the annual income is Rs 12-18 lakh, then you will get 3% interest subsidy.

That is, if you come in the EWS / LIG category. So you can get a subsidy of Rs 2.50 lakh. MIG gets interest exemption. For more information, you can contact the official website of PMAY or your nearest bank.