SUBSIDY
WHAT IS SUBSIDY ? This subsidy was under prime minister AWAS YOJANA for the first property buyer. There are different type of income bracket in awas yojana. Income less than Rs 6 lakh per annum will get a subsidy of 6.5 percentage points on a principal component of Rs 6 lakh, regardless of the total loan amount. Income up to Rs 12 lakh per annum will get interest subsidy of 4 percentage points on a principal component of Rs 9 lakh. Income of up to Rs 18 lakh per annum will get a subsidy of 3 percentage points on a principal component of Rs 12 lakh.