Punjab Shehri Awas Yojana (PSAY) 2017

The state government of Punjab has launched “Punjab Shehri Awas Yojana 2017”(Click for Notification Regarding Punjab Shehri Awas Yojana (PSAY) – 2017 at PUDA Website). Under PSAY 2017, Punjab government plans to provide free housing scheme for the SC/BC families across Punjab. The objective of the Punjab Shehri Awas Yojana (PSAY) 2017 is to provide free home facilities to eligible candidates from SC/ST/BC communities in Punjab state who have annual income less than 3 Lacs in phase 1 and less than 5 Lacs in Phase 2. In addition, Punjab Shehri Awas Yojana 2017 aims at providing subsidised homes to slum dwellers, other candidates with annual income less than 3 Lacs, LIG and MIG income groups. State Government will also facilitate cheap home loans with subsidy under Punjab Shehri Awas Yojana (PSAY) 2017.

Benefits under Punjab Shehri Awas Yojana 2017

  • The Punjab government will provide home loan at cheap rates for LIG category having annual income less than Rs. 6 lakh.
  • The Punjab government will also provide home loan at cheap rates for MIG category(Middle Income group) having annual income less than Rs. 18 lakh.
  • Eligible candidates (Annual Income less than Rs. 3 lakh) will be granted following cost by Punjab Government under PSAY Scheme 2017:
    – Stamp Duty
    – Registration
    – Other Cess
    – Social Infrastructure Funds

Eligibility Criteria for Punjab Shehri Awas Yojana 2017

  • Applicant must be belong to Scheduled Caste(SC)/Backward Class(BC) residing in urban areas of Punjab.
  • The total family annual income of the applicant should be less than Rs. 3 lac per annum for allotment of free houses in the first phase.
  • Those having family income less than Rs. 5 lac per annum will be given houses under the PSAY scheme in second phase,.

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