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Financial Assistance as Interest Subsidy on Home Loan

The scheme aims to provide 50% reimbursement of interest on home loans up to ₹1,00,000 for eligible war widows, war bereaved families, war disabled personnel, and attributable peacetime casualties.

Ministry / Department
Ministry Of Defence
Level
Central
Benefit type
cash
Last verified: Recently

What is Financial Assistance as Interest Subsidy on Home Loan?

The scheme aims to provide 50% reimbursement of interest on home loans up to ₹1,00,000 for eligible war widows, war bereaved families, war disabled personnel, and attributable peacetime casualties.

Benefit
- **Interest Subsidy Amount:** 50% of the interest charged on the home loan.- **Loan Limit for Subsidy:** Up to ₹1,00,000 (even if the loan amount is higher).- **Duration:** Maximum of 5 years or until loan repayment is completed, whichever is earlier.- **Applicable Loan Sources:** Banks, Government/Public Sector undertakings, Life Insurance Corporation (LIC), General Insurance Corporation (GIC), and Housing and Urban Development Corporation (HUDCO).
Level
Central
Ministry / Dept.
Ministry Of Defence
Benefit type
cash
Key eligibility
1. The applicant must be a war widow, war bereaved family member, war disabled personnel, or attributable peacetime casualty (all ranks). 1. The applicant must have taken a home loan from a bank, government/public sector undertaking, LIC, GIC, or HUDCO. 1. The loan amount considered for subsidy must
Last verified
Recently

Benefits

- **Interest Subsidy Amount:** 50% of the interest charged on the home loan.- **Loan Limit for Subsidy:** Up to ₹1,00,000 (even if the loan amount is higher).- **Duration:** Maximum of 5 years or until loan repayment is completed, whichever is earlier.- **Applicable Loan Sources:** Banks, Government/Public Sector undertakings, Life Insurance Corporation (LIC), General Insurance Corporation (GIC), and Housing and Urban Development Corporation (HUDCO).

Eligibility

1. The applicant must be a war widow, war bereaved family member, war disabled personnel, or attributable peacetime casualty (all ranks). 1. The applicant must have taken a home loan from a bank, government/public sector undertaking, LIC, GIC, or HUDCO. 1. The loan amount considered for subsidy mustArea: IndiaBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Interested and eligible students need to apply online at the Kendriya Sainik Board Secretariat . New User Registration Select the "Register" option. Complete the registration form with the requisite details, including your name, Aadhaar card number, email ID, mobile number, and bank details. Establish a password for your account. Upon successful registration, the applicant will receive a User ID and password. Login & Application Process: Log in using the provided User ID and password to access the application form. Click "New Application" and select the scheme name. Fill in the complete application form. Upload the required documents, including a photograph, caste certificate, residential certificate, and bank passbook etc. Click on the "Save & Forward" and take the printout of the application form. The applicant submits the printed application along with all the required documents to the District Sainik Board.”

    2. Step 2: Online application — step 2

      NOTE:

    3. Step 3: Online application — step 3

      Once the application reaches KSB Sectt., the staff and officers at KSB carry out vetting and approval of the application. Final payment is made online in due course based on the availability of funds in AFFD.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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