PMAY Scheme:- The Indian government has a scheme that provides houses to impoverished individuals residing in rural and urban areas based on their purchasing power. Government lists indicate that 305 cities and towns in nine states will see the construction of these homes. 2015 saw the introduction of the “Pradhan Mantri Awas Yojana,” or PMAY-Urban, as part of the “Housing for All” program. The Credit Linked Subsidy Scheme in PMAY-Urban provides an interest subsidy on home loans, with a maximum assistance amount of Rs 2.67 lakh. Eligible candidates may utilize it to build, buy, or renovate a home with a housing loan.
The government has divided this program into three stages:
April 2015 marked the beginning of the first phase, which ran through March 2017. More than a hundred cities have built homes under this.
April 2017 marked the beginning of the second phase, which will end in March 2019. The government’s goal in this regard is to construct homes in over 200 cities.
Scheduled to begin in April 2019 and conclude in March 2022 is the third stage. We will accomplish the remaining goals during this time.
All verticals, with the exception of CLSS, were required to finish the houses that had already received approval by March 31, 2022. On August 20, 2022, the Union Cabinet approved the extension of PMAY-U through December 31, 2024.
Qualities for PMAY Scheme
To enable the candidate to fully benefit from this scheme, all funds and subsidies will be directly deposited into his bank account, which is connected to his Aadhar card.
Permanent homes constructed under the Pradhan Mantri Awas Yojana will be larger than those constructed previously, measuring 25 square meters, or about 270 square feet. Previously, their measurements were 20 square metres, or about 215 square feet.
The Central Government and the State Government will split the costs associated with this programme.
The distribution of this share will be 60:40 in plain areas and 90:10 in the northeast and the three Himalayan states of Uttarakhand, Himachal Pradesh, and Jammu and Kashmir.
The Swachh Bharat Yojana and the Pradhan Mantri Awas Yojana are related initiatives. The Swachh Bharat Yojana will receive a separate allocation of Rs 12,000 for the construction of toilets.
In accordance with this scheme, the beneficiary may also apply for and receive a loan of Rs 70,000 from multiple financial institutions. Interest-free terms are required, and repayment of the loan must be done gradually.
Candidates in urban Chaitra will be able to obtain loans exceeding Rs 70,000 at extremely low interest rates. Loans will be available in the LIG, HIG, and MIG categories.
With the help of other programs, the recipients of this program will have access to full amenities like electricity, clean, smokeless cooking fuel, a place to dispose of liquid and social waste, and a toilet.
The Indira Awas Yojana was the previous name of the Pradhan Mantri Awas Yojana.
Under the Pradhan Mantri Awas Yojana, the central government of India provides housing to all of its homeless citizens. As part of the Pradhan Mantri Awas Yojana, the government provides financial assistance to those without homes so they can construct homes. Prime Minister Narendra Modi launched the Pradhan Mantri Awas Yojana (PMAY) on June 25, 2015. The primary objective of the Pradhan Mantri Awas Yojana was to provide every family below the poverty line with a home of their own by 2023, eliminating the need for them to rent a residence. We are very close to finishing this. We would like to notify you that the Honourable Prime Minister Modi has spearheaded the launch of multiple public welfare initiatives. These programs include the Jan Samarth Yojana, the Pradhan Mantri Mudra Yojana (APY), the Pradhan Mantri Garib Kalyan Yojana.
Eligibility on PMAY Scheme
The Government of India has determined the following requirements for eligibility under this scheme:
The candidate must be under 70 years old.
Neither the applicant nor any member of his family owns a home or flat.
The applicant ought not to have benefited from any type of government exemption in order to buy the home.
The family either owns the house solely through males or under the name of a woman.
The family’s maximum annual income, which is split economically into four parts, should not be more than ₹ 18 lakh.
The Economically Weaker Section, or EWS, is defined as having an annual total income of less than ₹3 lakh.
LIG or Low Income Group – ₹3 lakh to ₹6 lakh annually,
MIG-I or Middle Income Group-1 – ₹6 lakh to ₹12 lakh annually,
MIG-II or Middle Income Group-2 – ₹12 lakh to ₹18 lakh per annum,
For repair or improvement of house only for EWS or LIG category.
Required Documents
The following eligibility criteria have been set by the Government of India for this scheme.
Aadhar card
Voter ID Card
PAN card
caste certificate
income certificate
age certificate
Ration card
mobile number
Bank account number (linked to Aadhaar card)
passport size photograph
Goals of PMAY
House for All: To establish a housing facility with the intention of giving low-income families permanent homes.
Permanent assured housing in rural areas: To give families in rural areas who fall below the poverty line permanent assured housing, thereby improving their financial situation.
Providing urban impoverished families from rural areas with housing: to provide immigrant and economically disadvantaged families from rural areas with affordable housing in urban areas.
To synchronize rural and urban housing development plans: to oversee rural and urban housing development initiatives.
How does Pradhan Mantri Awas Yojana (PM Awas Yojana 2023-24) work?
An example to understand properly:
Let’s say your household income falls into the MIG-II category, which is between Rs 12 and 18 lakh. You are considering spending Rs 50 lakh on a home. You can use a loan to cover the remaining balance of Rs 40 lakh after making a minimum 20% down payment of Rs 10 lakh. On the other hand, MIG-2 category applicants are qualified for a 3% subsidy on loans up to Rs 12 lakh under PMAY 2022. The applicant will be taken to the application page after successfully submitting their Aadhaar number.
How to Apply for PMAY Scheme?
Individuals should be able to obtain housing scheme subsidies for their home loans by following the instructions listed below. The online Pradhan Mantri Awas Yojana application process is:
Step1. Go to the official PMAY government website.
Step2. Navigate to the “Menu” tab and select the “Citizen Assessment” option.
Step3. Entering one’s Aadhaar number is mandatory for applicants.
Step4. Following successful Aadhaar number submission, the applicant will be directed to the application page.
Step5. The applicant must then proceed to enter all pertinent data on this page, such as bank account information, personal information, and income details, among other things.
Step6. Before submitting, applicants should double-check all of their data.
Step7. A person will see a unique application number after selecting the “save” option.
Step8. Applicants should then download the completed application form.
Step9. Lastly, the person has the option to deposit the form at the financial institution or the closest CSC office. PMAY Along with the form, he or she must also submit all required documents.
If people find the online application process inconvenient, they can also choose to apply for the scheme offline by going to an authorized bank branch.
How to Check Pradhan Mantri Awas Yojana Status
Simply log in to the PMAY official portal at https://pmaymis.gov.in to find out the status of your Pradhan Mantri Awas Yojana application.
Go to the option for tracking an application. After that, do as instructed by the portal, and the status will be shown.
PMAY Customer Care Helpline Numbers
To get answers to questions about PMAY, call the following toll-free helpline number:
1800116163(Urban HUDCO)
1800116446(Gramin )
1800113388(Urban NHB)
1800113377(Urban NHB)
FAQ’s
Q. What is Pradhan Mantri Awas Yojana?
Ans- The government-backed Pradhan Mantri Awas Yojana program encourages and promotes affordable housing for those with lower incomes.
Q. How to apply for Pradhan Mantri Awas Yojana?
Ans- The program is open for online applications. As an alternative, you can submit an application to a financial institution that backs PMAY.
Q. Has the PMAY MIG last date been extended to 2023?
Ans- The PMAY MIG has, in fact, been extended through December 31, 2024.
Q. What is the maximum tenure for the PMAY scheme?
Ans- The PMAY programme has a 20-year maximum duration.