The NTR Housing Scheme is an initiative introduced by the Andhra Pradesh government in 2016. This scheme is a part of the Pradhan Mantri Awas Yojana (PMAY) and shares an objective similar to that, i.e. providing a permanent home to underprivileged individuals in both rural and urban areas.
In its inauguration, the Chief Minister of Andhra Pradesh announced more than 4 Lakh houses for the underprivileged population in the state.
Along with that, beneficiaries of the scheme can avail lower interest rates on home loans from financial institutions which are approved by the NTR scheme, much like the PMAY scheme.
Here is all you need to know about the NTR housing scheme in Andhra Pradesh –
Eligibility criteria
The eligibility criteria for NTR housing 2018 – 19 are listed below –
Applicants should be legal citizens of Andhra Pradesh.
He/she should not own property under any other government housing schemes in India.
Applicants must be a holder of a ration card or a Below Poverty Line card.
Documents required applying for NTR
The documents which are required to apply for NTR scheme are –
Residential proof: You need to produce documents which state your current address -
A voter ID card.
Aadhaar card.
Identity proof: You also need a central government-issued identity proof –
Aadhaar card.
PAN card.
Income proof: You need to provide the details of your family income. Also, you need to submit documents that state the nature of your income.
Bank account details: You have to produce the details of your bank account along with the branch name.
Among different aspects of how PMAY eases an individual’s way to becoming a homeowner, rural beneficiaries of subsidiary schemes such as the NTR housing scheme can avail up to Rs. 1.5 Lakh subsidy on interest payment and an additional Rs. 50,000 for SC/ST applicants. Urban beneficiaries can avail subsidy up to Rs. 2.5 Lakh.
