Participation of women is increasing in every sector of the country. Due to which women are becoming self-reliant as well as setting up jobs and businesses in various sectors. In such a situation, if you are a woman and planning to buy a house or property in your name. Then you get many such big benefits from the government as well as the bank. Which reduces the cost of your property investment and gives better returns. If women buy a house in their name, then here you can get 5 big benefits.

Consultancy firms consider it good for women to buy property in their name, while in a report in the country, 70% of women have described real estate as their most preferred investment category. Out of which women have been offered the option of buying a premium or luxury home property above Rs 90 lakh.

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Discount on interest rates on a loan

Many banking institutions in the country provide huge discounts on home loan applications for women. Women are given an interest rate discount of 0.05 to 0.10% on home loans. Here, you must be finding it less interesting. But in the long run, you can get better benefits. For example, you can understand that if the tenure of someone’s home loan is 20 years and a discount of 0.10% is given on a home loan of 50 lakhs, then up to 1 lakh rupees can be saved.

Priority in the loan application

If women want to apply for a home loan, they can get priority in loan eligibility. Because women are known for being less default. However, the conditions for loan application are that the woman should be 21 years of age and should have a stable income along with a good credit score.

Exemption is also given from stamp duty.

If the governments in the country want women to buy property in their name, then they also get an exemption. In many states, there is a discount of 1-2% in stamp duty. Let us tell you that women get a discount of 1% in Maharashtra and 2% in Delhi. Due to this, a lower price has to be paid to buy a property.

Interest subsidy up to 6.5% in PMAY

The Prime Minister Housing Scheme (PMAY) of the Modi government is a great scheme, under which houses are given to the economically weaker section, llow-incomegroup and the middle-income group. According to the rules of the scheme, a subsidy of 3% to 6.5% is available on interest. Due to which this scheme helps women to buy houses at affordable rates, and the dream of a house in a low-income area can be fulfilled.

Income tax exemption

The amount of the home loan is quite large, due to which women can also get many tax exemptions on the loan. Under Section 80C of the Income Tax Act, a deduction of up to Rs 1.5 lakh (on the principal amount) and a deduction of up to Rs 2 lakh (on interest) can be availed under Section 24 (b). If you have taken the loan in the joint name of your wife, then both can claim this deduction separately.

Both these jobs are on the verge of ending in the country, and the educated youth are now looking for business relief. The special thing is that the government is also encouraging the youth to start a business. We have brought such a business idea for you wthatcan start in every season, if you have some investment, with the help of which you can start it easily in any house, town or city.

Darshan, we are talking about the flour business. In most states of the country, the meal is incomplete without roti, so the demand for the flour business can never die. Let us know how you can start this business.