Program brief
| Form of support | Cash, paid into the bank account |
|---|---|
| Meant for | Ex-Servicemen |
| Level | Central |
| Run by | Ministry Of Defence, Department of Ex-Servicemen Welfare |
| Field | Banking,Financial Services and Insurance |
| How to apply | Online |
Contents of this entry
Overview
The scheme aims to provide 50% reimbursement of interest on home loans up to Rs. 1,00,000 for eligible war widows, war bereaved families, war disabled personnel, and attributable peacetime casualties.
The "Financial Assistance as Interest Subsidy on Home Loan" scheme was launched by the Kendriya Sainik Board (KSB), Department of Ex-Servicemen Welfare, Ministry of Defence, Government of India. The scheme aims to provide a small measure of relief to war bereaved, war disabled and attributable peace time casualties(all ranks). Under this scheme, reimbursement of 50% of the interest on a home loan up to Rs. 1,00,000 is provided for a maximum of five years.
Further facts from the listing
| Scheme type | Central Sector Scheme |
|---|---|
| Scheme for | Individual |
| DBT (direct bank transfer) | No |
| Verification Authority | Zila Sainik Board |
| Payment Method | Directly to bank account |
Benefits
- Interest Subsidy Amount: 50% of the interest charged on the home loan.
- Loan Limit for Subsidy: Up to Rs. 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
- Age
- 18 to 80 years
- The applicant must be a war widow, war bereaved family member, war disabled personnel, or attributable peacetime casualty (all ranks).
- The applicant must have taken a home loan from a bank, government/public sector undertaking, LIC, GIC, or HUDCO.
- The loan amount considered for subsidy must not exceed Rs. 1,00,000, regardless of the actual loan amount.
Documents
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Certificates from the concerned banker or reputed organizations in Govt/PSUs including LIC,GIC and HUDCO are as follows:-
Applicant's Document
Application steps
Online
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.”
NOTE:
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.
Questions and answers
What is the maximum loan amount eligible for subsidy?
Rs. 1,00,000, even if the loan taken is higher.
What percentage of interest is reimbursed?
50% of the interest charged.
Who can apply for this scheme?
War widows, war bereaved families, war disabled personnel, and attributable peacetime casualties (all ranks).
How long is the subsidy available?
Up to 5 years or until loan repayment is completed, whichever is earlier.
Can I apply if I took a loan from a private bank?
No, only loans from approved banks, government/public sector undertakings, LIC, GIC, and HUDCO are eligible.
How often is the subsidy paid?
Every six months (half-yearly).
Is there any restriction on changing repayment terms?
Yes, the repayment schedule must remain unchanged.
Can I claim subsidy for a home renovation loan?
No, it is only for home construction loans.
Who verifies my application?
The Zila Sainik Board verifies before forwarding to KSB.
How is the subsidy amount transferred?
Directly to your bank account via ECS.
Official portal and guidelines
Applications are submitted only on the provider's own portal. jsrr.in does not accept forms, documents or fees.
Documents from the provider
- Guidelines ksb.gov.in
jsrr.in is an independent index, not a funding agency or a government body. The provider's official call is final: confirm every condition, amount and date there, and do not pay anyone who offers to apply for you.
This entry reproduces the official listing and has not yet been rewritten or reviewed by our team. Read the official call before you apply.
Filed under
- StateAll India686
- FieldBanking,Financial Services and Insurance333
- FieldHousing & Shelter136
- FieldSocial welfare & Empowerment1447
- Eligible groupEx-Servicemen28
- FunderMinistry Of Defence15
- AgencyDepartment of Ex-Servicemen Welfare5
- OccupationEx Servicemen26
- LevelCentral707
- Award typeCash2722
- KeywordDisabled12
- KeywordEx-Servicemen21
- KeywordHousing44
- KeywordLoan252
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