Jon Mike

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Finance

How Does Pradhan Mantri Awas Yojana Help You to Reduce Home Loan Interest Rate

In a bid to help every first time home owner, the Pradhan Mantri Awas Yojana (PMAY) was introduced under the “Housing for All” Initiative taken by Prime Minister Narendra Modi. This loan provides several subsidies on Home Loans to make it easier for most individuals to own a home. Calculated as per the income of the individual and the carpet area of the house, this is one of the simplest funding options available to those who want to purchase or…