The government has made major changes in the size of the houses under the Prime Minister's Housing Scheme. The carpet area of the MIG-I and MIG-II categories of the Middle Income Group has been increased.Government has come up with great news for home buyers. The government has made major changes in the size of the houses under the Prime Minister's Housing Scheme. The carpet area of the MIG-I and MIG-II categories of the Middle Income Group has been increased.
Area in MIG-I has been increased from 120 sqm to 160 sqm. On the other hand, the housing area of MIG II has been increased from 150 sqm to 200 sqm. MIG-I earns between 6 and 12 lakhs annually and MIG-11 gets loans for home earning between 12 to 18 lakhs.The decision of the government will be effective from 1 January 2017. That is, if you have purchased a house after January 1, 2017 and bought it in the increased carpet area, you will get the benefit of subsidy under Prime Minister's Awas Yojana. The government has also informed that till June 11, subsidies of Rs 736 crore have been given to the people.
The purpose of providing housing to the poor under the government's plan is to bring the Prime Minister's housing scheme to the rural areas. Before these areas will be given home. There will be a major change in getting the poor home and New India will be formed.
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