1. Applicant(s) to be of age 21 years or above with inflow of regular income from salary, business, profession, self employment, agriculture, and is not defaulter borrower of any Bank/ Financial Institution
    2. RHISS will cover entire India, excluding the statutory towns as per Census 2011 and towns notified subsequently for coverage under PMAY (Urban)
    3. Borrower who has availed of interest subsidy under any other scheme of Government of India but later on switches to another PLI for balance transfer, such beneficiary will not be eligible to claim the benefit of interest subsidy again
    4. Any household that is not on the Pradhan Mantri Awaas Yojana - Gramin’s permanent waitlist can apply for an institutional loan under RHISS. Furthermore, there is no cap on the household income to be eligible for this scheme.

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