Financing Pattern
Sl.No |
Mega Cities (Rs) |
Meto Cities (Rs) |
O.M (Rs) |
1 |
60,000 |
50,000 |
40,000 |
2 |
24,000 |
20,000 |
16,000 |
3 |
30,000 |
25,000 |
20,000 |
4 |
6,000 |
5000 |
4,000 |
Eligibility
a) The beneficiary shall have 5 years of proven residence in the concerned Municipal Corporation/ Municipality and should enclose public documentary proof.
b) The annual income of the beneficiary shall not exceed Rs.36,000/- per annum and should at least be Rs.24,000/- per annum for loan eligibility and self certification would suffice at the time of applying.
c) He/She must have not benefited under any other Housing Scheme
d) He/ She must have repayment capacity of loan in stipulated time period.
Loan Repayment
a) Repayment period
b) Rate of Interest (as decided by Banker)
c) No.of Installment
d) Installment Amount
Mode of Construction
He/She shall construct house not less than 20 sq meters as per the approved type design. The construction work in multi-storied houses is being carried on contract basis. In case of individual a houses it is on self-help and mutual help basis.
Scheme Sanctioning Authority
Please contact the District Collector / Executive Director or Municipal Commissioner District Manager A.P.State Housing CorporationLimited of the District concerned so further details.
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