PMAY Subsidy: How to Claim PMAY Home Loan Subsidy?

The Pradhan Mantri Awas Yojana (PMAY) has delivered a series of benefits for first-time homebuyers. A subsidy on your home loan interest is one of the highest benefits that PMAY extends to you. Claiming the PMAY subsidy on your home loan may be a simple foundation of your eligibility, just in case you apply for the Pradhan Mantri Awas Yojana as per your income and buy a home that fulfills the carpet area norms began through the scheme.

Eligibility Criteria for Pradhan Mantri Awas Yojana:
You must apply as an unmarried individual or a relative of a relative with your parents, spouse, and unmarried children to urge PMAY benefits and subsidies. aside from these fundamental eligibility requirements, you’ll also get to meet a couple of income requirements and other PMAY eligibility components to urge home loan subsidies.

The following are the eligibility requirements for the housing loan subsidy program:

You are not allowed to possess any pucca houses within the country.
The annual household income cannot exceed 18 lakh rupees.
You must not have previously received any aid through a government housing initiative.
A female family member’s name must get on the deed or property paper. Co-ownership with a female member is additionally permitted.
The system applies to all or any towns as of Census 2011, also as people who are notified since then.
Within 36 months after receiving the loan amount, the building, extension, or renovation of the property that a house loan has been obtained must be completed.
Already built houses don’t come under the coverage of the scheme.
What is the utmost PMAY Subsidy that you simply can Claim?
Under the Pradhan Mantri Awas Yojana, you’ll get a subsidy of up to Rs.2.67 lakh on your home loan. the quantity of subsidy you’re eligible for is decided by your income group and therefore the total carpet area of the house you buy. Here’s what you ought to remember.

If you fall under the EWS or LIG categories, you’ll get a 6.5 percent credit-linked subsidy on a home loan up to Rs.6 lakh. If you apply under the EWS category, the carpet area of the property you purchase should be 30 square meters, and if you apply under the LIG category, it should be 60 square meters.
A credit-linked subsidy of 4% on a home loan of up to Rs.9 lakh is out there under the MIG I category. If the house you purchase features a carpet area of 160 square meters, you’ll apply for this discount.
A credit-linked subsidy of three on a home loan of up to Rs.12 lakh is out there under the MIG II category. If the house you purchase features a carpet area of 200 square meters, you’ll apply for this discount.
The process to say PMAY Interest Subsidy Benefit
The following steps can assist you to acquire a home loan subsidy under the PMAY scheme:

Check your income threshold: If you’re thinking of applying for a PMAY subsidy on your house loan, you ought to first see if you meet the scheme’s income requirements (EWS, MIG, or LIG). The carpet area for your residential home against which you’d be eligible for the PMAY scheme is going to be determined by your income criterion. you’ll use an online housing loan EMI calculator to work out what proportion you’ll save on your house loan.
Fill out the PMAY application online: The PMAY application is often completed both online and offline. While offline application filing may be a time-consuming process, you’ll apply for pmay online by following the procedures outlined below.
Visit the PMAY website at https://pmaymis.gov.in for further information.
Select the category that you would like to use for the scheme under the ‘Citizen Assessment’ page.
To link your Aadhar Card to your application, fill out the shape below (This is mandatory)
You’ll be taken to the appliance form, where you’ll need to fill in your other personal information.
To save your PMAY application for future use, click on the ‘Save’ button.
What are the advantages of the CLSS Scheme?
The following are the benefits of the housing loan subsidy program:

The subsidized rate of interest on your home loans up to a specified level.
The subsidized amount is deposited directly into your account under the plan. As a result, both your outstanding principal and your EMI are decreased.
You can extend the term of your loan up to twenty years.
The amount of the loan has no upper limit. If the sum exceeds the indicated limits, interest is going to be charged at the lender’s normal rate.
You may be eligible for tax benefits as a result of the government’s home loan subsidy, as indicated within the tax Act of 1961.
Things to stay in mind about PMAY CLSS
Only residential loans are eligible for the PMAY CLSS subsidy.
The highest loan amount which will be wont to take advantage of this program is INR.6 lakhs.
A maximum subsidy of INR.2.67 lakhs is out there to the applicant.
To be eligible for this plan, the applicant must not own or be the owner of a “pucca” dwelling in his or her name or the name of a loved one.
If the applicant or any member of his family has previously taken advantage of an identical housing program offered by the Central or State governments, he or she is going to be ineligible for the PMAY-CLSS program.
It is critical to possess a female owner. If the applicant may be a man, he must enlist the assistance of a female loved one (wife, daughter, or mother) to become a co-owner of the property.

When is the right time to invest in stocks

Investing is a way that will help the money you have set aside, be at some work and reap the rewards altogether in the future. Investing in stocks is the best way to invest for beginners to gain investment experience. Moreover, there is the risk of loss too so don’t invest with an impression that you will just gain and no loss will occur. Reasons for investing in stocks can be:

Ability to vote shares in order to influence the company you invest in.
Capital appreciation that occurs due to a rise in price
Dividend payments are received when the company distributes its profits to the shareholders after announcing it.
What are factors to be considered while investing in stocks?
Stability: Stability is one of the important factors to consider before you invest in any stocks. The company whose stock you are planning on buying should show stability. Moreover, all companies have a period where the value of the stocks takes a dip. But don’t focus much on the company’s difficult period and focus on overall stability. A high fluctuating stock is a red flag, you should avoid volatile ones.
Earnings Growth: Earnings growth of the company that is selling stocks is important to consider. Moreover, you can check the company’s profit by looking at the income. Look at the trends and know the earnings increasing steadily and consistently.
Management: Management is important to consider. They should be innovative, have a good culture, and know the company’s competency. The reputation should not be scandalous or hurt.
Dividends: A company is competent to pay-out dividends when it is stable. Companies that give high yield give out the sign of instability. A company that pays dividends means it is not going to re-invest it. The best company is the one with regular modest dividend payments that are timely.
Price-to-Earnings Ratio: Price-to-earnings ratio considers the price and earnings of the company which is very important to be known. Additionally, the price-to-earnings ratio of the company depends on the fundamental and investment analysis.
Before investing in stocks you must have a demat account. Find the best discount broker from the list of top stock broking companies in India. Check detailed information and ratings of stock brokers based on our unique scoring system.

What are the benefits and risks of investing in stocks?
The potential of growth that is capital appreciation is a great benefit over a long period. Investors who have a will to invest for a long period of 10-15 years have received the rewards of patience in terms of positive returns.
The risk on the other side is the prices can go down as well. No guarantee is given for any stock’s upward moment and you might end losing all your investments.
A company may go bankrupt and liquidate all of its assets. A common stockholder is the last one to receive the proceeds in share hence has a residual claim. There is a possibility you might not receive anything at the end of the line.
The company which is not in danger also has a volatile share price so there is always the risk of volatility.
Market fluctuations can affect the price of the stock of any company but the factor that highly affects the stock price is the internal factor. Factors like faulty products or events that the company has no control over, etc.
Stocks have other benefits like dividends, voting rights, rights issues, etc.
What is the right time to invest in stocks?
Every investor whether it be a new one or a seasoned one wants to know what is the best time to buy or sell stocks? Additionally, there are basic rules that will provide you with better profits and minimize your risks. If you have your trading account and are still learning then here are the best 4 recommendations for knowing the right time to invest in the stocks of the stock market.

Best Time of the Day: For intraday traders, this is the best question that is answered to know what time is perfect to buy/sell the stocks in a day. To mark the profits within a single day this is very important to know. It’s not like you have to handcuff yourself to the computer screen in order to monitor the markets each moment. Moreover, too many hours of you watching graphs and charts will just get you mental fatigue and confusion. The volatility of the market and also the volume traded drops after the first 90 minutes of opening. According to this analysis, the best time to trade is 9:30 am to 10:30 am. The trading starts at 9:15 am where the market is responding to yesterday’s news so the first 15 minutes should be avoided.
Most Favorable conditions: Most suitable time to buy a stock is when the price is low. Though there is a risk that the price may even go further down but buying at a low price is a safer way to purchase rather than at a higher price. The best time to invest in F&O (Futures and Options) is when the OI (Open Interest) is low. Low OI indicates that people are keen to sell and there are lower buy rates.
Most Lucrative Day: Monday is the best day of the week to buy stocks and Friday is the best day to sell off the stocks. There is a logic behind this which is on Monday prices are low and on Friday prices are the highest of all stocks.
Other factors: Keep track of the share price of the chosen stock to have the knowledge of the good time to purchase. There is an indicator named Moving Averages that will enable you with the information of the range of highest and lowest the price of the share has been. If there is a piece of good news or news for dividend pay-outs then the price of the stock rises.
Conclusion
Investing is a way that will help the money you have set aside, be at some work and reap the rewards altogether in the future. Reasons for investing in stocks involve the ability to influence the company, capital appreciation, and dividend payments. We have also mentioned what are the right timings for investing in stocks. This knowledge will enable you to make better investing in stocks and earn higher returns.

How is AI going to change digital marketing in 2020?

In Digital Marketing brands are connecting with the audiences and AI is the best way to do that.

The things which were done by the human mind are now transforming to machines and can be done in a fast and efficient manner like visual perception, translations, decision making, etc. by the end of this year, 40% of digital transformation services will use artificial intelligence, and by 2025, the AI industry will grow to $190 billion.

Artificial Intelligence helps in optimizing the user experience in an efficient manner which is the basic need of digital marketing. the basic example is using Chatbots in the place of the human executive which is a 24/7 service that will automatically increase the productivity of the organization.

Another example of AI in digital marketing is Personalized content that is created according to the preferences of the customers. This is done by tracking the behaviors of the customers so that brands can showcase their products and services according to the interest of the customers.

The main objective of any organization is increasing the profit and reducing the cost. Artificial intelligence is simultaneously helping businesses drive revenue and save money. Businesses that implement AI see 59% better close rates, 58% increased revenue, 54% more traffic and engagement, and 52% more conversions.