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Kerala Government Housing Board Loan Linked Subsidy Scheme is the newest initiative from the Kerala government, which offers funding to build homes in Kerala for residents of Kerala. Application for this scheme is open to holders of both Bpl and Apl ration cards.A program called the Kerala Government Housing Board Loan Linked Subsidy Scheme offers financial aid to qualified candidates so they can build or buy a home in Kerala. Up to ₹3 lakhs in subsidies are offered by the initiative, and they are not repayable.
For many Keralans looking for high-quality, reasonably priced home options, the Kerala home Board has been a ray of hope. KSHB‘s commitment to sustainable development, array of varied schemes, and competitive home loans in Kerala all contribute to the bank’s continued prominence in the state’s housing market. The Kerala Housing Board provides extensive support to help you realize your dream of being a home owner, regardless matter whether you are looking to purchase a property or require aid with home financing. Visit the official KSHB website or get in touch with the Housing Board Trivandrum office for additional details.
Eligibility Criteria
To be eligible for the Kerala Government Housing Board Loan Linked Subsidy Scheme, applicants must meet the following criteria:
- They must be an Indian citizen and a resident of Kerala.
- They must be above the age of 18 years.
- Their annual family income must be less than ₹12 lakhs.
- They must not have owned a house.
How to Apply?
Applicants must contact the closest Kerala Housing Board office to obtain all necessary information and forms in order to apply for the Kerala Government Housing Board Loan Linked Subsidy Scheme. The local Kerala Housing Board office must receive the completed application form and the necessary paperwork.
Required Documents
The following documents are required to be submitted along with the application form:
- Proof of identity and address (Aadhaar card, voter ID card, passport, etc.)
- Proof of income (income tax returns, salary slips, etc.)
- Rationcard
- Caste certificate (if applicable)
- Disability certificate (if applicable)
- Certificate that shows applicants don’t have a house from village officer/respective office
- certificate shows that the applicant hasn’t received any financial assistance from the government for the last 15 years for house construction.
Kerala Government Housing Board Loan Linked Subsidy Scheme Benefits
The Kerala Government Housing Board Loan Linked Subsidy Scheme offers a number of benefits to eligible applicants, including:
- Financial assistance to purchase or construct a house in Kerala.
- A subsidy of up to ₹3 lakhs, which is not required to be repaid.
- A lower interest rate on the housing loan
Benefits of the Kerala Housing Scheme
- Families without homes who own land will receive financial assistance from the Kerala government to build modern homes.
- Families with modest to moderate incomes could purchase homes under this program at discounted prices and with discounted interest rates on house loans.
- Lending money to people who want to construct their native homes in Kerala would not be a problem.
- This concept will combine contemporary business spaces with retail establishments, industries, and other facilities.
- In addition, the strategy will contribute to the construction of contemporary metropolitan communities equipped with electricity, water, and roads.
conclusion
The Kerala State Housing Board is in charge of giving urban homes and basic sanitary facilities to those who, among other things, are living in difficult circumstances such being without power or water. Keralans have the option to register as beneficiaries in order to get subsidies from both the Central and Keralan governments. The GOK Act of 1971 served as the foundation for the board. Over the previous 37 years (a total of 164 years), Kerala State Housing Board has been involved in the planning, implementation, and formation of numerous housing programs.