Pradhan Mantri Garmin Awash Yojana 2021
Pradhan Mantri Garmin Awash Yojana 2021, Pradhan Mantri Awash Yojana is a communal welfare program initiated by the government of India with the intention to provide low-cost housing to the people residing in the rural areas of the nation. This program is in harmony with the government’s initiative of providing ‘Housing for all’ by the year 2022.
PM Awas Yojana 2021:
Another big facility can be found in PM Awas Yojana, which can be availed immediately. … PM Awas Yojana 2021: There is news of working under PM Awas Yojana 2021. Industry organization CII has demanded from the government that the Pradhan Mantri Awas Yojana should be restarted and the facility of life insurance should be made mandatory in it.
Most prominent among the government’s missions
Pradhan Mantri Awas Yojana PMAY is one of the major schemes of the Central Government (PM Awas Yojana Eligibility). Under this, the central government has set a target of providing housing to all by the year 2022 i.e. till the completion of 75 years of the country’s independence. To fulfill this goal, CII has demanded the government to provide the benefit of life insurance to the beneficiaries along with the housing scheme.
What is the demand of CII?
If the government accepts this demand of CII and the list of PM Awas Yojana 2021 is restarted with life insurance, then it will be a big achievement for the people. Till now there is no facility of any kind of cover for the person taking loan in this scheme. There is no provision of built-in insurance plan with the loan. CII says that if you get the benefit of insurance with the loan of PM Awas Yojana, then in adverse circumstances the cost of the house will also continue and the construction work of the house will not stop.
benefits of life insurance
CII Director General Chandrajit Banerjee said, “There is a need to revamp the PMAY scheme with which the benefit of credit linked insurance or compulsorily life insurance can be extended to every borrower. This will not disturb the goal of ‘Housing for All’. The construction of the house will not stop even on the death or disability of the borrower. There should be some system that families get houses, not loans. Life insurance can play a big role in this. Providing cheap houses is the biggest need for rapid development in the country. Under PM Awas Yojana, if the borrower dies, the construction of the house will stop and the effect of the loan will be different. The family will also have trouble.
More need of insurance in Corona
There has been a serious impact on the livelihood of the people during the Corona period. The second wave saw a rapid increase in the death rate. In such a situation, financial help is very important. Financially troubled people can get big benefits by giving benefit of life insurance with PMAY scheme. Under the scheme, the government can fix a standard premium for life insurance if it wants. Through this, the insurance company can give credit cover to the beneficiaries of PM Awas Yojana. The facility should be that the benefit of insurance cover should be given while taking a loan equal to the loan amount..
Documents Required for Pradhan Mantri Awas Yojana
- PMAY-G application form that is duly filled
- Ethnic group certificate
- Income proof
- ID proof such as aadhaar card, PAN, Driving licence, Voter ID, etc.
- Income certificate in case income is below taxable limit
- Address proof
- Salary certificate
- 6 months bank account statement
- IT returns
- Form 16
- I.T assessment order
- Letter on nature if the business if the applicant is involved in business
- Financial statement in case of business
- Plan of construction
- Certificate claiming the cost of construction
- Official value’s certificate
- An affidavit stating neither the applicant nor his family members own a pucca house
- Receipt of any advance payment made to the builder
- The construction contract with developer or builder
- NOC from a housing society
- Letter pointing out the allocation of property