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Why Most Applicants Get Rejected for PMAY Subsidy – And How to Avoid These Mistakes

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Why Most Applicants Get Rejected for PMAY Subsidy - And How to Avoid These Mistakes
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A lot of people apply for the Pradhan Mantri Awas Yojana (PMAY) subsidy, and many get rejected. There are many reasons why your application may get rejected, and sometimes it’s small things that can cause it. Below are some mistakes that cause rejection and how you can avoid them.

1) Not Eligible 

One big reason people get rejected is that the family already owns a pucca house anywhere in India, or they have received central assistance under another housing scheme in the last 20 years. If you or any family member has a pucca house, then you will not be eligible. Always check property records and past scheme history before applying because these rules are strict. 

2) Wrong Income Category Or Insufficient Income Proof

Many applicants choose the wrong income slab (EWS, LIG, MIG, etc.) or enter an incorrect yearly income. When the bank verifies the documents, a mismatch is found, and the application for Pradhan Mantri Awas Yojana is rejected. Don’t estimate your income roughly; use salary slips, Form 16, and bank statements, and ensure they match the amount you declared. Minor mismatch causes big trouble. 

3) Documents Missing / Aadhar Pan Mismatch / Bad Scans

Sometimes the issue is the papers: Aadhaar name does not match PAN, wrong address, poor scans, missing signatures, or old utility bills. These small clerical matters are a common cause of delays and rejections. Scan clear copies, check names for accuracy and consistency, and update documents if required before submitting. 

4) Incorrect Property Details Or Ownership Discrepancy

Applicants often enter incorrect property details, or a family member unknowingly had property registered somewhere, which disqualifies the whole family. Always verify property records at the local registry/municipal office and ensure clear owner name records before applying, as the verification team checks them closely. 

5) Technical Or Procedural Rejects

Banks or Primary Lending Institutions (PLIs) sometimes reject loans because the loan file is incomplete, the layout plan is not approved, or the loan terms don’t meet the operational rules of PMAY. Some states have additional rules, such as layout approval or a specific checklist, that many applicants miss. Check with your lender and ask exactly what forms they need.   

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6) Poor Application Filling / Small Typing Mistakes

This may seem small, but form-filling errors happen. One wrong digit in the bank account, an incorrect IFSC, a missing checkbox, a typo in the spouse’s name, or any other mismatch leads to your application being rejected. Slow down, reread the form twice before submitting.

7) Not Following State / City-Specific Conditions

PMAY is central, but implementation is subject to local rules. Some states may require additional certificates, a different process for slum redevelopment, or specific proof of female co-ownership, etc. Failing to follow the local checklist will make your file bounce back. Ask the local ULB or helpdesk. 

After Rejection — What To Do Next

If your application is rejected, you need to figure out the reason. Ask the lender or the PMAY helpdesk for the exact reason, get the rejection letter, fix the specific problem (income docs, updated Aadhaar, correct property details), and reapply. Sometimes it only needs one or two corrected papers. Choosing trusted organisations like PNB Housing can help you avoid errors as they offer continued guidance. 

Final Note

Most rejections are avoidable if you check your eligibility and application before submitting it. If you do the research and follow the state-specific checklist, your chances of getting rejected for the PMAY subsidy decrease. For the latest, correct operational details, always check the PMAY official portal and ask your lender for the exact list they need before you send the file. Build your future with Roshni Home Loan’s simplified, supportive, and inclusive lending.

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Business & Finance

Mohit Yadav (Minimalist) Net Worth, Age, and Success Story: The Business History of the Shark Tank India Star and His Rs 2,955 Crore Company Acquisition

Mohit Yadav, the founder of Minimalist and a Shark Tank India 2026 judge, built one of India’s biggest skincare brands by rejecting celebrity hype and focusing on science-backed transparency. From near-insolvency to a Rs 2,955 crore HUL acquisition, his journey reflects calculated risk-taking and disciplined entrepreneurship.

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Mohit Yadav (Minimalist) Net Worth, Age, and Success Story: The Business History of the Shark Tank India Star and His Rs 2,955 Crore Company Acquisition
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If you gaze through the Indian entrepreneurship scene, one name that stands out in this multitude is Mohit Yadav.

He burst into national prominence when he was introduced by the 2026 season of Shark Tank India to the mainstream television audience. However, Mohit carved a niche for himself years ago and went much beyond a shark in pursuit of a dream.

He is the brain behind Minimalist, a brand that has disrupted the multi-billion-dollar beauty and personal care industry.

His modus operandi is also very clear and unambiguous, harp on clinical honesty and avoid celebrity-driven glamour.

His journey from a studious youth in Jaipur to a behemoth of industry is an example of a person who is not averse to taking deliberate risks and the power of radical transparency.

Mohit Yadav Education and Early Career

Trying to fathom the business decisions that Mohit makes can be traced to his exceptional academic pedigree.

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He holds the distinction of achieving the position of a Gold Medalist Chartered Accountant and an All India Rank (AIR) of 26.

He is well versed with complex financial structures, and long before his invention of skincare serum, he was a player in the high-pressure corridors of global finance.

He started his career as an assistant manager at Deloitte before moving to Credit Suisse, where he rose to the rank of assistant vice president, managing significant financial operations.

Mohit Yadav Business History

Mohit never followed the trodden path and preferred new avenues along with his brother Rahul Yadav and tinkered with ventures like MangoStreet, a kidswear brand.

Their courageous attitude can be gauged from the fact that they mortgaged their family home to raise Rs 1 crore during the most challenging phase of their entrepreneurial journey. Mohit revealed this in an episode of Shark Tank Season 5.

This significant risk was taken at a time when their previous two ventures were struggling to gain traction. This “skin in the game” is what sets them apart from investors who merely offer advice; they have lived the reality of a founder who was just a month away from complete bankruptcy.

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Mohit Yadav (Minimalist) Company and the HUL Deal

The most crucial moment came in October 2020 when Mohit Yadav and his minimalist company, registered as Uprising Science Private Limited, were launched with the aim of stripping away the marketing “noise” surrounding skincare.

They focused on science-based ingredients like salicylic acid and retinol, which appealed to a new generation of educated and well-informed customers.

The idea and the marketing drive clicked, and the brand breached the Rs 100 crore revenue run rate in less than a year. The event was noticed by other big players in the industry and culminated in one of the most significant acquisitions in D2C history.

In January 2025, Hindustan Unilever (HUL) acquired a 90.5% stake for Rs 2,955 crore in Minimalist. However, this had no impact on Mohit, who remained CEO, continuing to drive the brand’s global growth and maintaining the trust that had made it a household name.

Key MetricDetails of the Minimalist  Journey
Parent CompanyUprising Science Pvt Ltd
HeadquartersJaipur, Rajasthan
Acquisition ValueRs 2,955 Crore (by HUL)
Growth MilestoneRs 100 Cr Revenue in 8 Months
Market PhilosophyRadical Transparency &  Science-First

 

Mohit Yadav (Minimalist) Net Worth and Age

Mohit has reached the mid-stage of his career, and the financial prowess of this “shark” has become a topic of discussion.

At 41, he is in a position to shape the trajectory of Indian venture capital over the next decade.

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It is estimated that in early 2026, this young shark’s net worth is somwhere between Rs 350 crore and Rs 450 crore.

This money isn’t sitting idle in a bank account; it’s actively being circulated back into the startup ecosystem.

Mohit is no longer making small, tentative bets; he has matured as an investor and recently made a significant investment of Rs 148.6 crore in Bold Care, a men’s health platform.

Personal Life

Mohit has been very protective of his privacy, and very little information about his personal life is available to the public.

Very little is known publicly about his wife, and he is very careful about keeping his wife and family away from the digital spotlight.

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Could Venezuela Be Sitting on Billions in Bitcoin After Years of Sanctions?

As global attention remains on Venezuela’s oil wealth after Maduro’s arrest, experts warn the country may also hold billions in hidden Bitcoin reserves built during years of sanctions, raising concerns over seizures, sell-offs, and market impact.

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Could Venezuela Be Sitting on Billions in Bitcoin After Years of Sanctions?
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While the world is discussing the future of Venezuela and its oil reserves, experts are pointing out that Venezuela may also be sitting on a significant amount of crypto assets, particularly Bitcoin, accumulated during years of economic sanctions. Questions are being raised about possible seizures, sell-offs, and the potential impact on global crypto markets.

After the removal of the Venezuelan president from office and his arrest, global attention has largely focused on the country’s oil wealth and who will control it. However, Venezuela may also hold another, far less visible asset, Bitcoin.

According to CNBC, citing industry experts, these holdings could be worth billions of dollars.

Gui Gomes, founder and CEO of Latin America-based Bitcoin firm OranjeBTC, said that countries excluded from the global financial system often explore alternatives such as gold and cryptocurrencies. Venezuela has faced US sanctions for years, cutting it off from international financial markets.

As a result, the Maduro government may have experimented with crypto assets to bypass restrictions. However, due to the decentralized nature of Bitcoin and the lack of direct government control, it is difficult to determine how much Bitcoin a country may hold or how it is stored.

The exact amount of Bitcoin Venezuela holds remains unclear, leading to wide-ranging estimates. Digital publication Project Brazen has claimed that Venezuela could hold as much as $60 billion worth of Bitcoin. However, the outlet has not disclosed its sources, and the figure has not been confirmed through blockchain analysis.

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Other estimates are far more conservative. Data from Bitcointreasuries.net suggests Venezuelan Bitcoin holdings could be closer to $22 million, based on available third-party blockchain data. These figures remain speculative and cannot be considered conclusive.

Any Bitcoin linked to Venezuela could also be distributed across thousands of wallets, potentially held in the names of military or government officials, making tracking extremely difficult.

Venezuela has engaged with crypto assets for years and even launched a state-backed “Petro” token in 2018.

The project failed to gain traction and was officially discontinued in 2024. Authorities have also cracked down on Bitcoin mining in recent years, arresting miners, seizing equipment, and eventually prohibiting the practice.

Experts note that Bitcoin linked to sanctioned Venezuelan individuals could potentially be seized by US authorities.

Regardless of the exact figures, one thing is clear: any large-scale seizure or sell-off of Venezuelan Bitcoin holdings could have a cascading effect on global crypto markets.

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Also Read: $289,000 Polymarket Bet on China–Taiwan Conflict Triggers Insider Trading Concerns

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Business & Finance

What Was Deepinder Goyal Wearing On His Head During Raj Shamani Podcast?

Deepinder Goyal sparked online debate after appearing on Raj Shamani Podcast wearing a small sensor on his temple, later revealed to be part of his experimental “Gravity Ageing Hypothesis” research on brain blood flow and aging.

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What Was Deepinder Goyal Wearing On His Head During Raj Shamani Podcast?
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Deepinder Goyal, the chief executive of Eternal and a co-founder of Zomato, recently appeared on Raj Shamani’s popular YouTube podcast and was seen discussing a wide array of topics, including competition, governance, and the pressures of building a consumer internet giant in India.

However, what caught the imagination of the viewers and spawned a huge debate on social media was a device on Zomato founder Deepinder Goyal’s head.

The device was stuck on the temple of Goyal, and many users started giving explanations, some of which were bizarre and even satirical.

One user compared it to chewing gum, while another called it a pimple patch. Another declared that it is a charging pad while calling it Goyal’s brain.

However, the truth is that it is a tiny sensor that has been attached to Deepinder Goyal’s temple and enables measurement of cerebral blood flow in real time.

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The sensor is a part of a controversial theory that links gravity to the amount of blood flowing into the brain and human aging.

The measurement is often used as a benchmark to determine neurological health and aging.

The theory has spawned research that has been bankrolled by Goyal to the tune of $25 million of his own capital.

The device is in its experimental stage and is closely linked to a theory propounded by Goyal, which he has named the “Gravity Ageing Hypothesis.”

The private research housed under Eternal, his parent company, is exploring this hypothesis.

The device is also not a commercial product, nor is it in any way linked with Zomato’s core businesses.

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Goyal first floated his idea in November 2025 in a series of posts on X.

Goyal stated that he is not interacting as a CEO of Eternal but as a human being. He was drawn by a curiosity that he wanted to share with everyone. The research is based on existing papers, and Goyal also stated that he was inviting scrutiny and not endorsement.

Deepinder Goyal claimed that gravity shortened the human life span. The downward pull of gravity reduces blood flow to the brain, which is the organ that controls almost all functions, which include essential organs like the heart, liver, lungs, and kidneys.

The reduced blood flow starts the aging process of the brain, which leads to the rest of the body following suit.

The brain also includes the hypothalamus, which controls all the essential functions like breathing, heart rate, hormonal balance, and immunity, and an aging brain can have a cascading effect on these functions.

Deepinder Goyal also revealed that the project involved discussions with doctors and scientists across the globe for the past two years. 

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Deepinder Goyal added that the theory has not been negated scientifically, though no definitive proof is available.

However, skeptics have questioned the theory and labelled it as hypothetical at best, illogical at worst.

Also Read: What is Candida Auris? Deadly Drug-Resistant Fungus Spreads Across US Hospitals, Raising Alarms for Vulnerable Patients

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