NTR Housing Scheme - All You Need to Know

Highlights
NTR housing scheme offers affordable homes via subsides
AP NTR housing is a part of PMAY with the same objectives
It also offers affordable reconstruction of existing homes
NTR housing scheme has both rural & urban categories

With an objective to provide affordable housing to residents of the state, the Andhra Pradesh government rolled out the NTR housing scheme in 2016. This affordable AP housing scheme comes under PMAY and observes the same objectives of ‘housing for all’.

The NTR housing scheme caters to the underprivileged belonging to both urban and rural areas of the state. Earlier this year, Chief Minister N Chandrababu Naidu inaugurated over 4 lakh budget homes under the third phase of the AP housing scheme. To assist the poor in securing a permanent roof over their head, the scheme offers a low-interest NTR housing loan via approved financial institutions to eligible beneficiaries. Read on to know about the NTR Housing Scheme in detail.

Objective of the NTR Housing Scheme

Following suit of PMAY, the AP NTR housing scheme aims to facilitate:

Affordable permanent housing to the homeless
Affordable reconstruction of existing houses

Cost of Homes under the NTR Housing Scheme in Andhra Pradesh

Under the AP NTR housing scheme, the unit cost for various home sizes are as follows:

A house of 430 sq.ft. will cost Rs.7.71 lakh
A house of 365 sq.ft. cost Rs.6.74 lakh
A house of 300 sq.ft. will cost Rs.5.62 lakh

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The houses will be equipped with the following star rated appliances that are energy efficient:

9W LED bulb
20W LED tube light
50W fan
LED streetlights in the surrounding areas

Subsidy for Beneficiaries of the AP NTR Housing Scheme

The scheme offers the following interest subsidy via NTR housing loan:

The beneficiaries of the NTR Rural Housing scheme receive a subsidy of Rs.1.5 lakh
The SC/ST beneficiaries get an additional subsidy of Rs.50,000
The beneficiary of PMAY NTR Urban scheme gets a subsidy of Rs.2.5 lakh

Eligibility Criteria for the AP NTR Housing Scheme

To be eligible under the scheme, you have to meet the following eligibility criteria:

You should be a resident of Andhra Pradesh
You should have a white ration card or a below poverty line (BPL) card
You should not own land or house under any other government housing scheme

Documents Required to apply for the AP NTR Housing Scheme

When applying for the NTR housing loan, this scheme, you are required to submit the following documents:

Residential address proof: Documents stating your permanent and present address.
Housing details: Information about the size of the existing house that you own in any part of the country. You should also mention the size of the home, the number of rooms and their size as per your requirements.
Identity proof: Aadhar Card is mandatory; other than that you can produce your voter ID and driving license.
Income proof: Certificate or document stating your income and nature of work. In addition to this, you are also required to mention the details of your family income, number of family members and their age. You should also submit their age proofs.
Bank details: Your bank account number and branch name. You should also mention these details in the application form.
Other documents: You are required to submit proof of your caste and religion.

NTR House Scheme Application

As this scheme is a part of PMAY, the NTR house scheme application is the same as that of PMAY. To initiate the process, you have to fill an online application form available on PMAY’s website. Here are the steps:

Visit http://pmaymis.gov.in/
Log in to the page with your credentials
Once you are logged in, select the ‘Citizen Assessment’ option
Choose from ‘For Slum Dwellers’ or ‘Benefits under other 3 Components’ as applicable to you
Enter your Aadhaar details
On successful verification of your details, you will be redirected to the application page
Fill up the form with accurate details
Next, key in the captcha code correctly
Click on the ‘Save’ option

Your application will then be verified. If you are eligible for the scheme, you will receive intimation via email and residential address.

How to Check the Beneficiaries List for the AP NTR Housing Scheme

You can also check the beneficiary list to see if you are selected to become a homeowner under this scheme. Follow these steps:

Visit https://apgovhousing.apcfss.in/
On the home page, click on the ‘Gruha Pravesh Mahotsvam Ben List’ tab
You will be then redirected to a new page that lists the selected beneficiaries
Alternatively, you can also click on https://apgovhousing.apcfss.in//NTRNutanaGruhaPravesam.do
On the page, select the function type and key in the name of your scheme
Next, click on the ‘Get a Report’ tab to view the report of your selected scheme
The report section contains various links for different beneficiaries across the state
Continue clicking on each link till you find the beneficiaries’ list that applies to you
Click on the ‘Export to Excel’ tab to download the beneficiary list or export it to an excel sheet for your reference

Once you are selected as a beneficiary under the scheme, your next step is to find a suitable lender who offers value-added features on an NTR housing loan that make for an excellent borrowing experience. For instance, Bajaj Finance Housing Limited offers a Home Loan of up to Rs.3.5 crore at nominal interest rates that you can pay via a flexible tenor of up to 240 months. To expedite your financing to become a homeowner this year, you can check your pre-approved home loan offer from Bajaj Housing Finance Limited to view your customized deal.

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