PM Awas Yojana 2021: Another big facility can be found in PM Awas Yojana, which can be availed immediately. Here it is told how you can take advantage.
PM Awas Yojana 2021: There is news of working under PM Awas Yojana 2021. Industry organization CII has demanded from the government that the Pradhan Mantri Awas Yojana should be started again and the facility of life insurance should be made mandatory in it. Along with this, a demand has also been made to provide compulsory insurance facility to the beneficiaries of Pradhan Mantri Awas Yojana (PMAY) loan.Also Read – Pradhan Mantri Awas Yojana: Pradhan Mantri Gramin Awas Yojana New List Revised List Released, See Name in this New List
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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 make his dream come true. Also Read – PM Awas Yojana 2021: Another big facility can be available in PM Awas Yojana, know how to get benefits?
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 the government to give the benefit of life insurance to the beneficiaries along with the housing scheme.
What is the demand of CII?
If the government accepts this demand of CII and the list of PM Awas Yojana 2021 is restarted 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 loan in this scheme. There is no provision of built-in 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 construction work of the house will not stop.
benefits of life insurance
CII Director General Chandrajit Banerjee said, “There is a need to revamp the PMAY scheme with which the benefit of credit linked insurance or compulsorily life insurance can be extended to every borrower. This will not disturb the goal of ‘Housing for All’. The construction of the house will not stop even on the death or disability of the borrower. There should be some system that families get houses, not loans. Life insurance can play a big role in this. Providing cheap houses is the biggest need for rapid development in the country. 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 have 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 help is very important. Financially troubled people can get big benefits by giving benefit of life insurance with PMAY scheme. Under the scheme, 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 while taking a loan equal to the loan amount.