What is difference between LIG and MIG?
LIG stands for low-income group or grade, whereas MIG signifies middle-income group or grade. Similarly, HIG is used to define a high-income group or grade. The categorisations are basically made, based on people’s income.
What is difference between LIG and MIG flats?
The LIG is the household group earning between ₹ 3 to ₹ 6 Lakh per annum while the MIG is the household group earning between ₹ 6 to ₹ 12 Lakh and ₹ 12 to ₹ 18 Lakh (MIG-I and MIG-II category respectively).
What is the meaning of LIG MIG and HIG?
The Delhi Development Authority (DDA) on saturday launched the 2021 housing scheme with over 1,300 flats on sale in four categories – Higher Income Group (HIG) flats, Middle Income Group (MIG), Lower Income Group (LIG) and Janta flats – at locations such as Dwarka, Jasola, Manglapuri, Vasant Kunj and Rohini.
What is LIG full form?
Low Income Group (LIG): LIG households are defined as households having an annual income between Rs. 3,00,001 (Rupees Three Lakhs One) up to Rs. 6,00,000 (Rupees Six Lakhs).
What is LIG property?
The full form of LIG is a Low-Income Group. A household whose annual income is between Rs 3 lakh to Rs 6 lakh falls under this category.
What is LIG scheme?
Beneficiaries of Economically Weaker Section (EWS) and Low Income Group (LIG) seeking housing loans from Banks, Housing Finance Companies and other such institutions would be eligible for an interest subsidy at the rate of 6.5 % for a tenure of 20* years or during tenure of loan whichever is lower.
What is the meaning of LIG flats?
Low-Income Group
What do you mean by LIG Flat? The full form of LIG is a Low-Income Group. A household whose annual income is between Rs 3 lakh to Rs 6 lakh falls under this category.
What is MIG group?
Middle Income Group (MIG) – I: MIG – I households are defined as households having an annual income between Rs. 6,00,001 (Rupees Six Lakh One) up to Rs. 12,00,000 (Rupees Twelve Lakh).
What is MIG housing?
What is hig DDA?
The Delhi Development Authority (DDA) Thursday launched a special housing scheme in which over 18,000 flats on sale in four categories – Higher Income Group (HIG) flats, Middle Income Group (MIG), Lower Income Group (LIG) and Janta flats – at locations such as Jasola, Dwarka, Rohini, and Narela.
What is MIG 1 and MIG 2 category?
Those with income between Rs 6 lakh and Rs 12 lakh fall under MIG-I and get an interest subsidy of 4 per cent on a loan amount up to Rs. 9 lakh. Similarly, those with income between Rs 12 lakh and Rs 18 lakh fall under MIG-II and get an interest subsidy of 3 per cent on a loan amount up to Rs. 9 lakh.
What is MIG property?
The full form of MIG is the middle-income group. This group is divided into two categories, MIG-I and MIG-II. The categorisation is done based on annual income. People earning a yearly income between Rs 6 lakh to Rs 12 lakh fall under the MIG-I category.