Rural Housing Interest Subsidy Scheme Online Apply & Check Rural Housing Interest Subsidy Scheme Beneficiary List – Various schemes are started from time to time by the state and central government to provide houses to all the citizens of the country. In this direction, the Pradhan Mantri Awas Yojana has been started by the government till 2024 to provide houses to all. There are still many citizens in the country who do not have their own houses, keeping in mind all such citizens, the Rural Housing Interest Subsidy Scheme has been started. All related information is going to be provided like for what purpose it has been started and what are its benefits etc. [Also read- PM Kisan 12th Installment: Check PM Kisan 12th installment payment status here]
Rural Housing Interest Subsidy Scheme 2024
The Rural Housing Interest Subsidy Scheme has been started by the Central Government to provide houses to all those citizens who are not beneficiaries of the Pradhan Mantri Awas Yojana. Under this scheme, institutional loans will be provided by the government to all the needy families for the construction or modification of their houses, so that all the citizens will be able to get their houses. Apart from this, only houses in rural areas will be covered under this. Under the Rural Housing Interest Subsidy Scheme 2024, it is mandatory to have pucca houses built or modified in accordance with the norms and standards given in the existing guidelines on construction and structural safety in the country. [Read More]
Overview of Rural Housing Interest Subsidy Scheme
| Scheme Name | Rural Housing Interest Subsidy Scheme |
| Launched By | by the central government |
| Year | 2024 |
| Beneficiaries | citizens of rural areas |
| Application Procedure | online |
| Objective | To cover houses in rural areas |
| Benefits | Households will be covered in rural areas |
| Category | Central Government Schemes |
| Official Website | —- |
Objective of Rural Housing Interest Subsidy Scheme
The main objective of the Rural Housing Interest Subsidy Scheme is to cover all the houses in rural areas and through this subsidy will also be provided on the number of loans taken for the construction or modification of the units. Citizens who are living in rural areas and are not getting the benefit of Pradhan Mantri Awas Yojana, keeping such people in mind, the Rural Housing Interest Subsidy Scheme 2024 has been started by the Central Government. This will improve the standard of living of all the rural citizens and they will be able to become self-reliant and empowered. All the beneficiaries will be able to get pucca houses through this scheme. [Also read- PM KISAN Registration: pmkisan.gov.in Registration, Beneficiary Status Check]
Subsidy under Rural Housing Interest Subsidy Scheme
| Description | RHISS |
| Interest Subsidy (% per annum) | 3.00% |
| Maximum Home Loan Tenure (in years) | 20 |
| Home loan amount eligible for interest subsidy (Rs.) | 2,00,000 |
| Discount rate (%) for NPV calculation of interest subsidy | 9.00% |
Benefits of Rural Housing Interest Subsidy Scheme
- All those citizens who are not getting the benefit of Pradhan Mantri Awas Yojana and live in rural areas, keeping such citizens in mind, the Rural Housing Interest Subsidy Scheme 2024 has been started by the Central Government.
- Institutional loans to all such needy families for construction or modification of their houses will be provided by the Central Government through this scheme.
- Citizens living in rural areas and houses in rural areas will be covered through this scheme by the central government.
- Pucca houses constructed or modified under this scheme must conform to the norms and standards given in the extant guidelines on construction and structural safety in the country.
- Interest subsidy on the loan amount taken through the Rural Housing Interest Subsidy Scheme will be provided by the Central Government.
- With the introduction of this scheme, the standard of living of all the citizens of the country will improve to a great extent and they will be able to become self-reliant and empowered.
Eligibility of Rural Housing Interest Subsidy Scheme
- It is mandatory for a citizen who wants to get the benefit of this scheme to be a native of the country of India.
- Apart from this, the person wishing to apply should be from a rural area.
- Any citizen who wants to apply under this should not have a pucca house only then he will be eligible under this.
- The applicant applying should not have received the benefit of Pradhan Mantri Awas Yojana.
Required Documents
- income certificate
- passport size photograph
- mobile number
- Adhar Card
- residence certificate
- email id etc
Application Procedure of Rural Housing Interest Subsidy Scheme
- First of all you have to go to the nearest office of the Ministry of Rural Development, after that you have to contact the official there.
- Now you have to get the application form from there, after that you have to enter the details of all the information asked in the application form.
- After this, you have to attach all the requested documents in the form and now you have to click on the submit option.
- By following this process, you can apply under Rural Housing Interest Subsidy Scheme.