The Government of Karnataka has launched Basava Vasati Yojana to provide affordable housing to its rural homeless beneficiaries. This scheme targets the economically and socially backward rural citizens of the state. Furthermore, this scheme is controlled by the Rajiv Gandhi Housing Corporation Limited, a state-owned body established in 2000.
Eligible beneficiaries can also visit the Ashraya portal to check the RGRHCL status of their application.
Steps to check the Basava Vasati Yojana beneficiary status
Step 1: Visit the official website of Basava Vasati Yojana.
Step 2: Click on “Beneficiary Status” from the upper dashboard.
Step 3: Select the district from the drop-down menu on the redirected page.
Step 4: Then enter the beneficiary code.
Step 5: Finally, you can see the beneficiary report. Individuals can also download it in PDF for future reference.
Prospective applicants should know that citizens below the poverty line, SC, ST and OBC candidates can also apply for RGRHCL. Besides this, they must also consider eligibility criteria and documents that are required for application.
Eligibility criteria of Basava Vasati Yojana
- Applicants must be citizens of Karnataka.
- Candidates with BPL cards and SC, ST, and OBC communities can apply for this scheme.
- The yearly income of a beneficiary must not exceed Rs.32,000.
- Applicants should not possess any pucca house anywhere in India.
Documents required for Basava Vasati Yojana
- Applicants personal details
- Full name of applicants
- Father’s name of applicants
- Contact number
- Gender
- Address proof/Domicile certificate
- Aadhaar card
- Income proof
- Category/caste certificate
- Passport size photograph
- Age proof
- Village/district name.
To avail full benefit from the scheme, it is essential to note the benefits and features.
Benefits and features of RGRHCL
- Beneficiaries will receive 85% of the raw materials from the State Government free of cost to construct their homes.
- This scheme aims to provide housing for all citizens of Karnataka.
- RGRHCL also develops necessary sanitary steps to promote cleanliness across the state.
- It also promotes a better quality of life for financially backward candidates.
As the eligibility and document requirements are particular, individuals might find it challenging to avail of this scheme. In this case, it is advisable to opt for a home loan. However, knowing the home loan process in India is essential before application.
Home loan comes with easy-to-meet eligibility and requirements. Apart from this, individuals also can choose their desired tenor, helping them settle for an affordable EMI. Also, beneficiaries have the option to reduce the tenor that can save lakhs.
Before opting for a home loan, most experts advise using the EMI calculator beforehand. This simple and easy online tool helps prospective borrowers check their payable EMIs before availing the loan.
Benefits of using a home loan EMI calculator
- Provides accurate results
Calculating EMIs manually while opting for a home loan can be a little tricky. Thus, to avoid complex calculations and minimise the chances of error, an EMI calculator comes to the rescue.
- Saves time
This online tool saves extra time that is required for manual calculations. The EMI calculator is available 24X7 online, and an individual can use it numerous times to get results within seconds.
- Provides amortization schedule
The housing loan EMI calculator provides a detailed breakup of financial calculation as an amortization schedule. This table eases a prospective borrower’s financial calculations and helps develop concepts about the loan payment.
- Helps to decide the tenor
This calculator comes with variables, such as interest rate, loan amount and tenor. Individuals can alter the tenor to settle for an affordable EMI. Here, an applicant can either increase or decrease the tenor to see the variations in EMI.
In India, several financers extend pre-approved loan offers to expedite the loan application process. These offers are available on selected financial products like home loans, loans against property and others. Applicants need to enter their names and contact numbers to check their pre-approved offers. The Basava Vasati Yojana scheme aims to improve the standard of living of the financially backward beneficiaries of Karnataka. It should be noted that candidates willing to apply must opt for the online mode, and check their RGRHCL status of their application.
