If you are married then you can also take advantage of this scheme. Yes, we are talking about Mahila Samman Savings Certificate (MSSC). Let us tell you that PM Narendra Modi’s government started this scheme in the year 2023. Only women’s accounts can be opened under this scheme.

You can deposit a minimum of Rs 1000 and a maximum of Rs 2 lakh

MSSC is getting 7.5 percent interest. Under this scheme, you can deposit a minimum of Rs 1000 and a maximum of Rs 2 lakh. This scheme matures in 2 years. However, you can withdraw 40 percent of the eligible balance after 1 year from the date of opening the account. Under this scheme, you can open a Mahila Samman Savings Certificate account in the name of your wife in any bank or post office.

Deposit ₹2 lakh and get guaranteed interest of ₹32,000

Under the Mahila Samman Savings Certificate Scheme, you cannot deposit more than Rs 2 lakh. Even if you deposit Rs 2 lakh, you will get 7.5 percent interest on this amount. According to this, your wife will get a total of Rs 2,32,044.00 on maturity. That is, your wife will get a total interest of Rs 32,044 on a deposit of Rs 2 lakh.

Account can be opened in the name of daughter or mother

If you are not married yet, you can also invest in Mahila Samman Savings Certificate Scheme in your mother’s name. Not only this, if you have a daughter, you can also invest in her name.

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The post Best schemes for Women: Deposit ₹ 2 lakh in wife’s name and get guaranteed interest of ₹ 32,000, Key Details Inside first appeared on Rightsofemployees.com.

Under PMAY, a total of 4.21 crore houses have been built for eligible poor families in the last 10 years. If you have not yet built a permanent house, then you can take advantage of PMAY. Let us know what is the eligibility for this scheme and how to apply.

Let us tell you that Pradhan Mantri Awas Yojana, often also known as PMAY, works as a credit linked subsidy scheme. PMAY is being run by the central government so that everyone in the country has a pucca house. In this scheme, the government gives pucca houses to the beneficiaries or provides financial assistance to build pucca houses.

Also Read: IMD weather alert! Yellow and Orange heatwave alerts have been issued in these districts

Types of Pradhan Mantri Awas Yojana

1. Pradhan Mantri Awas Yojana Gramin (PMAY-G)
2. Pradhan Mantri Awas Yojana Urban (PMAY-U)

Benefits of PM Awas Yojana

• PMAY scheme helps people living in kutcha or temporary houses to get pucca houses.
• If a person has land, he can also take financial assistance through this scheme to build a house.
• Under this scheme, the government provides subsidy on home loans. The amount of subsidy depends on the size of the house and the income level.
• Under this scheme, banks are encouraged to provide home loans at low interest rates.
• The maximum repayment period for home loans under the PMAY scheme is 20 years.

Eligibility for PM Awas Yojana

• The age of the applicant must be 18 years or above.
• It is also necessary for the applicant to be an Indian citizen.
• Pradhan Mantri Awas Yojana is available for families with annual income up to Rs 18 lakh.
• To be eligible for the scheme, individuals should not own any pucca house in any part of India.
• If any member of the family has a government job then he/she will also not get the benefit of the scheme.
• The annual income of people associated with EWS should be less than Rs 3 lakh.

Documents required for PMAY scheme

• identity card
• Address Proof
• Income ratio
• Property Documents

How to apply for PM Awas Yojana

Youcan apply for PMAY scheme in two ways i.e. online and offline. To apply offline, you will have to go to the nearest Common Service Center (CSC). At the same time, you can apply online through the official portal of Pradhan Mantri Awas Yojana (http://pmayg.nic.in/).

The post Pradhan Mantri Awas Yojana (PMAY) eligibility, how to apply @pmayg.nic.in first appeared on Rightsofemployees.com.