Thursday, February 22, 2024

PM Awas Yojana 2021: Another big facility can be available in PM Awas Yojana, take advantage immediately

PM Awas Yojana 2021: CII has demanded from the government that the Pradhan Mantri Awas Yojana should be relaunched and the facility of life insurance should be made mandatory in it. 

There is news of work under PM Awas Yojana 2021. Industry organization CII has demanded from the government that the Pradhan Mantri Awas Yojana should be relaunched and the facility of life insurance should be made mandatory in it. Along with this, demand has also been made to provide compulsory insurance for the beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) loan.

Home for all 

Actually, the government has planned to provide houses to all the people of the country under the Pradhan Mantri Awas Yojana (PM Awas Yojana Benefits). Under this, if the borrower dies or becomes disabled, the government has also been demanded to give the benefit of life insurance along with the loan to realize the dream of his house.

Most prominent among the government’s missions

Pradhan Mantri Awas Yojana PMAY is one of the major schemes of the central government (PM Awas Yojana Eligibility). Under this, the central government has set a target of providing housing to all by the year 2022 i.e. till the completion of 75 years of the country’s independence. To fulfill this goal, CII has demanded from the government to give the benefit of life insurance to the beneficiaries along with the housing scheme.

Read More: SHOCKING!! Riding a bike can damage iPhone’s camera, here’s how to avoid it

What is the demand of CII

If the government accepts this demand of CII and PM Awas Yojana 2021 List is relaunched with life insurance, then it will be a big achievement for the people. Till now there is no facility of any kind of cover for the person taking a loan in this scheme. There is no provision for an in-built insurance plan with the loan. CII says that if you get the benefit of insurance with the loan of PM Awas Yojana, then in adverse circumstances the cost of the house will also continue and the work of construction of the house will not stop.

Benefits of life insurance

CII Director General Chandrajit Banerjee said, “There is a need to relaunch the PMAY scheme with which the benefit of credit linked insurance or essentially life insurance can be extended to every borrower. This will not cause any problem in the goal of ‘Awas for all’. The construction of the house will not stop even on the death or disability of the borrower. There should be some arrangement that families should get houses and not loans. Life insurance can play a big role in this. For rapid development in the country, providing cheap houses is the biggest need. Under PM Awas Yojana, if the borrower dies, the construction of the house will stop and the effect of the loan will be different. The family will also be in trouble.

More need of insurance in Corona

There has been a serious impact on the livelihood of the people during the Corona period. The second wave saw a rapid increase in the death rate. In such a situation, financial assistance is a great need. Financially troubled people can get big benefits by giving the benefit of life insurance with the PMAY scheme. Under the plan, the government can fix a standard premium for life insurance if it wants. Through this, the insurance company can give credit cover to the beneficiaries of PM Awas Yojana. The facility should be that the benefit of insurance cover should be given at the time of taking a loan equal to the loan amount.



Please enter your comment!
Please enter your name here

Most Popular


New NPS rules will go into effect on 1st of April! login to be done in this way

New NPS rules: There is crucial news for you if you also receive pension scheme benefits. PFRDA has made a significant move that will...

Validity of driving license & learner driving license increased by Road Transport Ministry

On Tuesday, the Ministry of Road Transport and Highways issued an order. Those whose driving license, learner's license, or conductor's license was due to...

Mukesh Kumar returns, KL Rahul & Bumrah out of 4th Ind Vs Eng test

Before Ind Vs Eng fourth test match, the Indian team had two significant losses. Due to injuries, both wicketkeeper-batsman KL Rahul and fast bowler...

Two colour options for the Apple iPhone 16 Pro! two images leaked on X

Even though the new Apple iPhone won't be released for some months, there have been a lot of news and rumors regarding the future...

Recruitment in Indian Navy! apply for Short Service Commission 2024 from 24th Feb

There's good news for young people who want to join the Indian Navy as officers and serve their country. The announcement regarding recruiting Short...

Most Popular


* indicates required