MHADA Lottery 2022

MHADA Lottery 2022

Here you will find out how to apply for the MHADA lottery to get cheap or affordable housing in Mumbai and the rest of Maharastra. In a city like Mumbai, it is essential for you to find a house that is within the budget and yet gives you all the facilities, amenities, and a convenient location. Sometimes, this could turn out to be pretty expensive. But there are ways you can make your dream of living in a house come true as well. The MHADA affordable housing scheme is one such thing that works wonders for people who want affordable houses at an affordable price. Apply now and give your home-hunting spree a new push with this application on MHADA.

MHADA lottery is an affordable housing scheme in Maharashtra. Here we will learn more about MHADA lottery results, Apply MHADA lottery application form and registration, eligibility criteria, documents required, MHADA lottery application dates, MHADA lottery application fees, MHADA lottery registration form, mhada lottery registration status.

Eligibility Criteria

  • Your age must be 18 plus
  • You should have a PAN Card
  • You should have a domicile certificate.

Documents Required: 

You should have KYC documents. You need to submit your Identity proof.

  • PAN Card
  • Aadhaar card
  • Canceled cheque
  • Domicile certificate
  • Driving license
  • Passport-sized photographs
  • Birth certificate

MHADA Application Process:

  • Applicants are required to make online registration on the MHADA official website. 
  • You need to create a unique username by filling in the basic information. 
  • After creating the online profile, you need to search and select the lottery under the scheme.
  • Now you need to submit the form online.
  • Once you have submitted the application form it will be reviewed by MHADA and then you need to pay the Deposit money along with the Application fees. The deposit money is refundable in case you are not selected for the house allotment.

Aadhaar Card Linking: Important Dates

Aadhaar Card Linking: Important Dates

If you are following our blog, we mentioned that linking your LIC policy with Aadhaar is now mandatory. Not only LIC, If you hold any kind of insurance policy then you must link it to your Aadhar card before 31st December 2017. Extended to 31st March 2018.

Read full details here: Linking Aadhaar with Insurance Policy

Some of our readers asked, the last date of Aadhaar linking for other services.

Here is the list of important dates for linking Aadhaar with various services.

The deadline for linking Aadhaar with PAN is 31 March 2018

Whether you file IT Return or not it’s compulsory to link your PAN Number with your aadhaar card.

Also Read: How To Link PAN Card with Aadhar

The deadline for linking SIM card/Mobile Number is 31 March 2018

This is a very crucial date because everyone has a mobile number and if you do not link your Mobile Number with your Aadhaar your mobile services may stop and will only resume when you submit your Aadhaar to your service provider. Can you imagine a day without mobile and internet?

The last date link Aadhaar with Bank Account is 31 March 2018

Another very important service. If you want to keep your bank account in a good state then you must update your aadhar with your bank. Failure to link Aadhaar with Bank may freeze your account and you would not be able to deposit or withdraw money until you submit your Aadhaar details to your Bank. To avoid the inconvenience and update it as soon as possible if you have not yet updated it.

Post Office Deposits accounts, PPF, etc Linking with Aadhar 31 March 2018

If you have Post office deposits or  PPF (Public Provident Fund), or the National Savings Certificate Scheme (NSCS) and Kisan Vikas Patra (KVP) you need to update your Aadhar with the Post office too.

Also Read: Post Office Saving Scheme

Aadhaar linking with Social Security scheme 31 Mar 2018

If you avail of pension from Govt or have opted for any social security scheme you need to update your Aadhaar before 31 Dec 2017.

Mutual fund accounts/Demat linking with Aadhar 31 Mar 2018

If you are an investor in the Share market or mutual fund you need to link Aadhaar with your Mutual fund and Demat accounts before 31st December 2017.

Also Read: How To Invest In Mutual Fund

In short, you need to update your Aadhaar number with all the services before 31st March 2018. Some sources are indicating that aadhar linking deadline time may be extended even after 31st March but don’t wait until the last minute. Get it done today.

Post Office Saving Schemes

Post Office Saving Schemes

The Indian post office provides you various options for your saving. One of the best options for all classes of people in the post office recurring deposit plan. The post office recurring deposit is a recurring deposit account, for adding small savings every month. This small saving is converted into a large amount of money after certain years. Generally, these savings are for the future of the member or for children and also for yourself.

Recurring means to be repeated in a certain time. You have to deposit a fixed amount every month in the Post Office Recurring deposit. This is a great savings plan for salaried people and housewives. You can easily open this account by determining any monthly amount to fulfill a dream of your future.

Features of post office recurring deposit scheme

  1. You can open this account by visiting the nearest post office. Or the post office agent can also open this account by visiting your home.
  2. On post office recurring deposit your interest rate is fixed. The interest rate is fixed at the time of account opening. After that for five years, the same interest rate keeps circulating in your account.
  3. Agents can collect this monthly amount by visiting your home also or you can deposit by visiting the nearest branch.
  4. This account can be opened with a minimum amount of Rs 10 every month. No maximum limit has been set for depositing in the account.
  5. Post office recurring deposits can be opened by cash or check. The nomination facility is available at the time of opening the account. The account can be transferred from one post office to another post office. You can open as many accounts as you want at any post office.
  6. The account can also be opened for a minor. The minor account can be opened and operated by anybody who is 10 years and above. After becoming an adult, a minor has to apply for conversion of his account.
  7. The joint account can be opened by two adults. You get a discount on the advance deposit of at least 6 installments. The joint account can be converted into a single account. Once a year, the account holder can withdraw up to 50% of his balance.
  8. On April 1, 2017, the interest rate on post office recurring deposits was 7.2% quarterly compound per year. The interest rate can change every quarter by the government but once the account starts, there will be no change in the interest rate of the account and once the interest rate is fixed on the account. It will continue for five years.

Documents required for post office recurring deposit account.

Aadhaar card, PAN card, and two passport size photographs will be required to open a post office recurring deposit account. You will have to fill out the account opening form and KYC form.

Conclusion

Today I have tried to give you the information in detail about the post office recurring deposit. From my point of view if you are a housewife or having fewer earnings and you want to save for your future then this plan can be proved to be the better option for you.

Atal Pension Yojana (APY)

Atal Pension Yojana (APY)

Atal Pension Yojana is a scheme which is launched by our honorable Prime Minister Mr. Narendra Modi. According to this Yojana, a person can get a pension after the age of 60 by depositing some amount monthly, quarterly, or yearly this scheme is mainly beneficial for the person who is working in an unorganized sector. This scheme also promotes the habit of saving and investing money. The subscribers of this scheme can get Rs. 1000 to 5000 every month depending on the plan they have taken. The minimum age at which one can join this Atal Pension Yojana is 18 and the maximum age is 40. As per the survey conducted on May 2015, there are only 11% of the Indian who have any kind of pension scheme so the main objective of the government is to increase this number. Also, it will be helpful to the buyer after the age in which they can’t do a lot of work for his family that money will help them to meet their day to day needs.

Benefits of Atal Pension Yojana

  • After attaining the age of 60 the policy buyer will get a certain amount (Pension) as maturity benefit at a fixed interval to support their family and personal expenses.
  • Pension Between Rs.1000-Rs.5000
  • It also provides an auto-debit facility therefore the buyer will not have to go to the bank regularly and pay the premium.
  • The government of India will also be going to contribute 50% of the total user’s contribution towards the scheme.
  • There would be no tax on the amount which is paid to the Atal Pension Yojana. As it is tax-free according to Income Tax Act 80C.
  • In case the buyer dies the death benefit will be provided to the nominee of the buyer.
  • The minimum age for subscribing to Atal Pension Yojana is 18 so the youth can also give their contribution in this Yojana and the maximum entry age is 40.
  • The premium can be paid monthly, quarterly, half-yearly, or yearly.

Documents required for Atal Pension Yojana

  • Offline/Online filled application form.
  • Age proof of policy buyer.
  • Address proof.
  • PAN card and Aadhar card for KYC document
  • Accurate medical history. If required.
  • Medical examination report if required.

Essential conditions required for buying policy under Atal Pension Yojna.

  • The subscriber of Atal Pension Yojana should have a bank account
  • The subscriber should have a phone number
  • You should be an Indian citizen
  • The minimum age should be 18 and the maximum should be 40

To enroll in Atal Pension Yojana

  • The subscriber should fill the online/offline Atal Pension Yojana form
  • Fill all the field of the form
  • Mobile number is compulsory, therefore you have to fill that column.
  • If the subscriber have aadhaar card then provide the no in the form
  • Provide your nominee details (it is compulsory)
  • Select the pension amount you need in the future. It should be between 1000 to 5000 and it should be a multiple of 1000.
Pradhan Mantri MUDRA Yojana (PMMY)

Pradhan Mantri MUDRA Yojana (PMMY)

What is Pradhan Mantri Mudra Yojna?

Pradhan Mantri MUDRA Yojana (PMMY) was formally launched on April 2015.  MUDRA is a short form of Micro Units Development & Refinance Agency Ltd. (MUDRA). The purpose of this
Yojana is to provide loans to The non-corporate small business sector. Pradhan Mantri Mr.
Narendra Modi said that our government wants a job creator and not a job seeker. This
Pradhan Mantri Mudra Yojana has Open many doors for the youth. Under this scheme,
everyone from the non-farm income generation sector could seek a loan of up to 10 lakh. This
Yojana has mainly aimed to financial support The non-corporate small business sector like
candle maker, street vendor, furniture maker and etc.

MUDRA Yojna BENEFITS

  • The loan provided under this Yojana has a very low-interest rate on it
  • One can take a loan from Mudra Yojana without any processing fees
  • This Yojana is mainly focused on the non-corporate small business sector
  • The working capital loan will be given through a Mudra card
  • Collateral is not required I avail loan

Who is ELIGIBLE?

  • The applicant should be an Indian citizen
  • The loan will be only provided for small scale business from a rural area
  • The loan amount should be 10 lakhs or less than 10 lacks
  • The age should be above 18
  • There should be a business plan to show
  • The business plan must contain the structure, investment plan, nature of the product,
    marketing and future result as well

TYPE OF LOAN PROVIDED

In this Pradhan Mantri mudra Yojna, there are three categories in which the amount of loan is
divided they are

  • Shishu: loans up to Rs.50,000
  • Kishore: loans above Rs.50,000 and up to Rs.5,00,000
  • Tarun: loans above Rs.5,00,000 and up to Rs.10,00,000

The category of loan has been named Shishu, Kishore, and Tarun to identify the stage of
growth, development, and funding needs to the beneficiary micro unit.

SECTOR COVERED UNDER PRADHAN MANTRI MUDRA YOJNA

Pradhan Mantri Mudra Yojana has targeted on a very few selected sectors that are

  • Transport
  • Textile product
  • Food product
  • social, personal, and community

INTEREST RATE ON LOAN TAKEN UNDER PRADHAN

  • If the loan amount is up to rupees 50000 which comes under Shishu then the interest rate
    would be charged around 10% to 12%
  • If the loan amount is between rupees 50000 to 5 lacs which comes under Kishore then the
    interest rate would be charged around 14% to 17%
  • If the loan amount is between rupees 5 lacs to 10 lacs which comes under Tarun then the
    interest rate would be charged around 16% and varies from bank to bank.

DOCUMENT REQUIRED

  • Online/offline filled application form.
  • Address proof.
  • BIL application form.
  • Photo identification.
  • Bank statement of 12 months.
  • INCOME tax return of last 2 years.
  • Ownership proof of residence/office.
  • Business vintage proof.

HOW TO GET MUDRA LOAN

Here are the following ways through which one can get a Mudra loan.

  • Identify a bank near to you offering a Mudra loan.
  • Visit the bank personally along with your business plan.
  • Fill the Mudra form.
  • Submit all the necessary documents to the bank.
  • The bank will review the business plan and according to your business plan the bank will
    give you a loan.