Banking · Government Schemes
With reference to the Pradhan Mantri Awas Yojana - Urban 2.0 (PMAY-U 2.0) guidelines, consider the following statements: 1. Under the Interest Subsidy Scheme (ISS), a maximum subsidy of 1.80 lakh is provided to EWS, LIG, and MIG households. 2. To qualify for the ISS vertical, the annual household income must not exceed 9 lakh, property value must be up to 35 lakh, and the loan amount within 25 lakh. 3. The subsidy is released as a single lump sum to reduce the principal outstanding, regardless of construction stages. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All three statements are correct
- 2Statement 1 and Statement 2 are correct✓
- 3Statement 2 and Statement 3 are correct
- 4Only Statement 1 is correct
Correct answer
Statement 1 and Statement 2 are correct
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