Sarkari Yojana
Financial Assistance as Interest Subsidy on Home Loan
About Financial Assistance as Interest Subsidy on Home Loan
The Kendriya Sainik Board (KSB), under the Department of Ex-Servicemen Welfare, Ministry of Defence, Government of India, runs “Financial Assistance as Interest Subsidy on Home Loan” to offer some relief to war-bereaved families, war-disabled personnel, and attributable peacetime casualties (all ranks). Under it, 50% of the interest charged on a home loan of up to ₹1,00,000 is reimbursed for a maximum of five years.
Scheme Overview
Central Government
Ministry Of Defence
Individual
Scheme Details
Eligibility Requirements
To qualify for Financial Assistance as Interest Subsidy on Home Loan, applicants must satisfy the following conditions:
The applicant must be a war widow, a…
The applicant must be a war widow, a war-bereaved family member, war-disabled personnel, or an attributable peacetime casualty (any rank).
The applicant must have taken a home loan…
The applicant must have taken a home loan from a bank, a government/public sector undertaking, LIC, GIC, or HUDCO.
Regardless of the actual loan size, the loan…
Regardless of the actual loan size, the loan amount considered for the subsidy cannot exceed ₹1,00,000.
Benefits Provided
Financial Assistance as Interest Subsidy on Home Loan provides the following benefits to eligible applicants:
Interest Subsidy Amount:
50% of the interest charged on the home loan.
Loan Limit for Subsidy:
Capped at ₹1,00,000, even where the actual loan is larger.
Duration:
Up to 5 years, or until the loan is repaid in full, whichever comes first.
Applicable Loan Sources:
Banks, Government/Public Sector undertakings, Life Insurance Corporation (LIC), General Insurance Corporation (GIC), and Housing and Urban Development Corporation (HUDCO).
Documents Required
Applicants should keep the following documents ready before starting the application:
Certificates from the concerned banker or reputed Govt/PSU organizations, including LIC, GIC and HUDCO:
A certificate confirming the repayment schedule will not…
A certificate confirming the repayment schedule will not change.
A statement showing the interest actually paid for…
A statement showing the interest actually paid for the period covered by the claim.
A certificate confirming that loan and interest repayments…
A certificate confirming that loan and interest repayments have been made regularly. Applicant's Documents
A duly attested copy of the Ex-Servicemen Identity…
A duly attested copy of the Ex-Servicemen Identity Card.
A duly attested copy of the Discharge Book
A duly attested copy of the Discharge Book.
How to Apply
Online Application
Applicants can apply for Financial Assistance as Interest Subsidy on Home Loan through the online application process outlined below.
Eligible applicants apply online through the Kendriya Sainik Board Secretariat portal. New User Registration
Choose the "Register" option
Choose the "Register" option.
Fill in the registration form with the necessary…
Fill in the registration form with the necessary details — name, Aadhaar number, email ID, mobile number, and bank details.
Set a password for the account
Set a password for the account.
On successful registration, the applicant receives a User…
On successful registration, the applicant receives a User ID and password. Login & Application Process:
Log in with the User ID and password…
Log in with the User ID and password to reach the application form.
Click "New Application" and choose the scheme name
Click "New Application" and choose the scheme name.
Complete the full application form
Complete the full application form.
Upload the required documents, such as a photograph,…
Upload the required documents, such as a photograph, caste certificate, residential certificate, and bank passbook, etc.
Click "Save & Forward" and print the application…
Click "Save & Forward" and print the application form.
Submit the printed application, with all required documents,…
Submit the printed application, with all required documents, to the District Sainik Board. NOTE: Once the application reaches the KSB Secretariat, its staff and officers vet and approve it. Final payment is made online in due course, subject to fund availability in the AFFD.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.