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All You Must Know About PMAY Scheme 2021



The PMAY Scheme, widely known as the Pradhan Mantri Awas Yojana, is a Government initiative that aims to offer housing to the urban poor at affordable costs by the end of the year 2022. Set in motion on 1 June 2015, the scheme offers an initial interest rate of 6.50% per annum that you can avail of for a period of up to two decades, i.e., 20 years. Those who are part of the Economically Weaker Section or EWS and Lower Income Group or LIG categories can avail of the PMAY CLSS Scheme before the last date, i.e., 31 March 2022. 

What Are Some of the Major PMAY Scheme Benefits?

Listed below are some of the benefits of the PMAY Scheme:

  • The scheme provides a subsidy interest rate of 6.50% p.a. on housing loans to beneficiaries for a tenor of 20 years.
  • Senior citizens and individuals who are differently abled are given precedence in the allotment of ground floors. 
  • Sustainable and eco-friendly technologies are used for building homes. 
  • The PMAY Scheme houses all the urban regions, including a total of 4041 statutory towns while prioritizing the Class I cities in the country. The Government aims to do this in phases.
  • The scheme’s credit-linked subsidy aspect (CLSS) is implemented in all statutory towns in India. 

Who All Can Benefit from the PMAY Scheme?

The PMAY Scheme will prove beneficial for people falling under the following categories:

  • MIG I (Middle Income Group I) with an annual salary ranging from Rs.6 to Rs.12 lakhs
  • MIG II (Middle Income Group II) with an annual salary ranging from Rs.12 to Rs.18 lakhs
  • LIG (Lower Income Group) with annual salary ranging from Rs.3 to Rs.6 lakhs
  • EWS (Economically Weaker Section) with annual salary up to Rs.3 lakhs

Additionally, individuals falling under the OBC/ST/SC category and women under the LIG and EWS categories can also avail themselves of the PMAY Scheme benefits. 

What Are the Various Types of the PMAY Scheme?

The scheme has two sub-categories divided based on its area of focus. These are:

  • PMAY-G (Pradhan Mantri Awas Yojana – Gramin)

Previously referred to as Indira Awas Yojana or IAY, the scheme was named PMAY-G in the year 2016. It is focused on offering accessible and affordable housing spaces to suitable beneficiaries in the rural areas (excluding Delhi and Chandigarh). The cost of developing these housing units is shared by central and state governments in a 90:10 ratio for hilly/North Eastern regions and a 60:40 ratio for plain areas. 

  • PMAY-U (Pradhan Mantri Awas Yojana – Urban)

This scheme is aims to provide budget housing in urban areas. To this day, 4331 cities and towns have been listed under the PMAY-U Scheme, which is all set to operate in three phases.

  • Phase I: The target was to cover a total of 100 cities across states and union territories between April 2015 and March 2017
  • Phase II: The target was to cover an additional 200 cities across different states and union territories between April 2017 and March 2019
  • Phase III: The target is to cover all the remaining cities by the end of March 2022

How to Calculate PMAY Subsidy

The scheme aims at simplifying the whole house-purchasing process for the economically weaker and urban poor in the society through easy, affordable EMIs. The interest rate comes cheaper than the commercial rates, allowing subsidized loans to individuals. 

The steps to calculate the subsidy under the PMAY Scheme are simple. Log on to the official Pradhan Mantri Awas Yojana website and enter the following details:

  • Entire loan amount (in Indian currency)
  • Interest rate (in percentage)
  • Actual tenor (in months)

Next, click on ‘Calculate’ to find out the EMI or monthly installment amount payable in rupees. 


How can I apply for the PMAY scheme online?

You can apply for the PMAY Scheme through the official website. You will need your Aadhaar Card details. Once you log on, simply follow the instructions to fill out your details and submit your application after a thorough check. 

How long can it possibly take to receive the PMAY subsidy?

Normally it takes about 3-4 months for the PMAY subsidy amount to get credited to the beneficiary’s account. This is subject to the Government’s verification process. 

Can women apply for the PMAY scheme?

Yes, the scheme prioritizes women under the LIG category who are running a household. However, if your father/husband/any other family member, whom you live with, has already applied for the PMAY Scheme, your application will not be accepted. 

The Final Word

The PMAY Scheme is a boon to the economically backward sections of the society as it aims to provide the basic necessity of shelter at affordable cost, thus ensuring housing for all by March 2022. We can conclude that this Government initiative has significantly improved the lives of beneficiaries in recent years. 

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How Can You Benefit From An Accident Attorney?



Need Legal Help With Your Co-Founder Agreement_ Consult Commercial Lawyer

If you have suffered an accident and suffered injuries due to the carelessness of other truck drivers, the first thing you need to do is file a claim with an experienced 18 wheeler accident attorney. A law firm specializing in this type of case, Zehl & Associates can help you obtain justice and compensation for your injuries. Zehl & Associates law firm is known for its expertise and commitment to promptly resolving truck accidents and claims.

File a claim

It is easy to file a claim for truck accidents like this. There are many causes of truck accidents. The responsibility starts with the truck driver to ensure that the load he is carrying is appropriate for the vehicle, that it is not overloaded, and that the vehicle is maintained in proper condition. If the trucking company doesn’t provide a settlement that fully compensates customers and their family members for their losses and injuries, then take the matter to court, where experienced 18 wheeler accident attorneys remain undefeated.

Truck accidents also create a negative impact on the victims and their family members. Sometimes, due to lack of information, the injured person may have the wrong impression of the cause of the accident. He may conclude that the negligence of the other party was the main cause of the accident. The verdict in such situations may be prejudiced as the jury might overlook reasonable negligence or reckless driving as the determining factors. Such verdicts and settlements will have far-reaching effects on the victim and his family. Therefore, it is very important to retain a competent lawyer who has experience in fighting cases.

The firm Zehl & Associates has several attorneys who specialize in different areas of the law. They can therefore provide a complete legal package to clients. Most of the attorneys at Zehl & Associates are graduates of the American Bar Association’s Legal Services Section. This ensures that they possess the skills and the knowledge required to win a good compensation case. Most of the law firm’s attorneys have worked successfully as prosecutors or defense lawyers, and therefore they have a proven track record to back them up.

An important function of the accident attorney is to assist the clients during the litigation process. The lawyer communicates with the client on a one-on-one basis. Legal consultations are held regularly, and most of the lawyers attend to their clients at the accident location. The lawyer will analyze the case and conduct a thorough investigation before presenting it to the client for a settlement.

Efficient lawyers

The firm’s lawyers are well aware of the best options available to them in the current scenario. They are aware of the opponent’s weaknesses and try to make counterattacks to counter any accusations leveled against them. In addition, the firm’s lawyers are aware of the importance of evidence in the present-day legal scenario and try to acquire them for their clients. The firm has top-grade investigators who are equipped with the right knowledge and resources to recover the evidence. Many of the pieces of evidence have been proved to be vital in courts of law.

Get best compensation

The attorney at Zehl & Associates helps clients recover the losses they have suffered because of an auto accident. However, the firm also takes care of the expenses that are incurred during the recovery process. Many people believe that legal assistance at the time of filing a claim is extremely important, but this is not true. The attorneys at Zehl & Associates take care of all the intricate works, such as drafting the claim, getting it registered at the court, and then wait for the verdict. Once the verdict is out, the lawyer at Zehl & Associates helps the client get the compensation they deserve.

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7 Reasons How Mi LED Smart TV Market In India



Xiaomi is a well-loved brand in India, not just for its range of smartphones but also for LED TV sets. The company launched the Mi TV 4 way back in 2018 as the slimmest TV in the world! This Mi LED TV possessed a 4.9 mm width that was 30% slimmer than the iPhone 7. This was the first time Xiaomi brought its popular Mi TV in India after launching the Note 5 Pro and the Redmi Note 5.   

Not only did it outdo tech giants like LG, Samsung, and Sony, but also it introduced a device with 4K Ultra HD and other great specifications at an affordable Rs. 39,999! The price factor is one thing to love about the Mi LED TV. What are the other reasons? Let’s find out.

Reinventing TVs 

All of the Mi TV model launches have shown us that the other competing TV brands were overpriced! The Mi LED TV has current technology, good hardware, and even better software. At the same time, viewers could access online and offline content for an exceptionally enhanced experience.  

Thinner build 

The Mi TV is very thin and outshines other products with this unique feature. Consumers generally prefer thinner TVs as the compact size means that they can fit in most households. It is less clunky and makes your home neater while enjoying the best technology. 

Larger screen 

Thinner doesn’t mean smaller when it comes to the Mi TVOf course, you do get several screen sizes to choose from. Viewers can enjoy a truly cinematic experience on a huge screen without frames. HDR displays that support 4K resolution in a billion colors offer crystal-clear viewing. The sound is Dolby audio that delivers a real-life sight and sound.       

Faster, smooth software

The key to a good television is its internal components, so the same can be said for the Mi LED TV. Xiaomi adds their quad-core processors equipped with top-end graphics units. While we have generalized the details here, each TV has its specification that gets more advanced in various models. These specifications power the smart tv experience for which these TVs do well. Just like the smartphone, the TV comes with RAM and data storage too.   

User friendly 

Even with so many mind-blowing specifications, the mi tv is surprisingly easy to use. They are powered by a unified remote that responds to voice commands. Besides, this remote is compatible with the set-top box. It features a universal search setting to help you find media from over 400 supported channels – either from the configured set-top box or media partner providers like ALT Balaji, Voot, Sony Liv, HotStar, to name a few. For more entertainment, the TVs even work with Chromecast so that you can stream directly through your smartphone.  

Smart TV technology 

There is a possibility that the Mi TV that you buy has software from Xiaomi called Patchwall. The Patchwall UI is a very cool app that uses AI technology. It evolves to adapt to the users viewing and media search patterns. Patchwall also provides recommendations, suggested content from the partner platforms and the set-top box.   

Superb pricing 

Xiaomi targets the smartphone market by giving them top specifications at affordable pricing. The company has picked up the same strategy for marketing its Mi LED TV range. The secret behind these super-low prices is local manufacturing. Xiaomi partnered up with Dixon technologies for local production of upcoming TVs. So far, they have a total of nine Mi LED TV models that start at Rs. 14,499 onwards. The models prepared for the 2021 market aim at targeting lower groups with an even lower price range. The newer models are officially Prime, and Netflix approved.   

Easy installation 

A Xiaomi-certified technician is ready to help you install the TV. Buyers can contact any of 700+ Xiaomi service centers for a 24-hour quick installation that is free. You do have to pay for any wall mounting, though. The service centers are available via email, chat, and phone.   

Easy purchase 

If you are interested in any new mi led tv ranges but aren’t eager to pay the full price, you have one more option. That’s the No Cost EMI facility on the Bajaj Finserv EMI Store. The store offers the biggest range of electronics, including many Mi TV models with easy pricing. With social distancing, you can have your new TV delivered to your home. Along with easy EMI, you can get a down payment facility on select products. Go ahead and shop online on the Bajaj Finserv EMI Store using your EMI Network Card.

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Know All About Small Personal Loan



Small personal loans are unsecured, and shorter-term cash loans meet relatively small needs for money. These loans will be a relief for an individual in need of an urgent but small financial requirement. 

When you have unexpected bills lined up, your salary is on hold, and you need to buy groceries, or you need quick small cash for a new gadget, you will find a small personal loan very helpful. 

Features of Small Personal Loans

Following are the features of a small personal loan that will help you find the suitable one for you: 

  • Tenor 

These are short term loans. You can avail of a loan for three months to two years. However, you can find a few lenders offering small personal loans for a tenor of as short as 15 days. These are easy to pay loans as you are offered a flexible tenor even for a small amount of loan. 

  • X-MOD:

The x-mod can be thought of like a credit score, but instead of determining the interest rate an individual will pay for a loan, it instead is the driving factor that determines the premium a business is going to be charged by an insurance company.

  • Loan amount 

The minimum amount for a small personal loan varies from institution to institution. You can borrow even Rs.5,000. The maximum loan amount is based on your monthly income, credit history, and repayment capabilities. Like any other type of loan, never borrow funds more than you can afford to repay. A salaried employee or a self-employed person can apply for these loans. 

  • Interest Rates 

You can get a small personal loan at a low rate. Interest rates on these cash loans are comparatively low and vary from lender to lender.  

  • Collateral 

These are unsecured loans; therefore, banks can approve your loan without any security. There is minimal risk for a default on these loans, as an individual chooses these personal loans for a small amount that can be repaid in flexible terms.

Benefits of Small Personal Loans 

Following are some benefits of getting small personal loans: 

  1. Competitive and low-interest rate 

You can avail of the credit at a competitive and interest rate. It is one of the significant reasons that most people prefer a small personal loan to meet immediate financial needs. 

  1. No Collateral 

For a secured loan, you have to pledge an asset against the loan based on the amount you want to borrow. Unlike secured loans, you do not need any collateral for small personal loans. This makes more and more people go with these loans where they do not have to live with a fear of losing any of their substantial assets. 

  1. Improves Credit Score 

A small personal loan is also used as a tool for improving the credit score as one can get it easily, which is a positive step to increase the credit score. And it can be repaid easily as well. There are minimal chances that anyone would miss on a small EMI. 

  1. Simple Easy Approval Process 

Most lenders offer these small unsecured loans through a simple approval process. As there are no collateral requirements, it makes it a faster process. If you meet the lender’s eligibility criteria, your loan amount will be disbursed within 24 hours.

  1. Flexible Repayment Options 

This is another significant benefit of small loans that make it a preference of many needy persons. With most lenders, you can enjoy flexible repayment options. It allows you to choose a tenor as per your repayment capability. 

  1. Paperless Approval 

Small personal loans can be availed of with minimal documentation. You can get a personal loan easily and quickly from the comfort of your home. Get your loan for small finances with only a few clicks. Once you shortlist the lender, visit their website and submit the form for quick disbursal. 

Thus, an increasing number of consumers are taking small personal loans because of these benefits. You can choose a lender like Bajaj Finserv, offering pre-approved loans. Their best products include personal loans, home loans, credit cards. Meet your urgent financial requirements with them easily.

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