Pradhan Mantri Awas Yojana (PMAY) is a flagship affordable housing scheme launched by the Government of India in 2015 with the aim to provide affordable housing to all eligible beneficiaries in the country by the year 2022. The scheme has two components – Pradhan Mantri Awas Yojana (Urban) and Pradhan Mantri Awas Yojana (Gramin) – to cater to the housing needs of both urban and rural areas.
Under the Pradhan Mantri Awas Yojana (Urban), the government aims to provide affordable housing to the urban poor, including slum dwellers, by providing them with financial assistance to build their own houses or to purchase a house. The scheme provides financial assistance in the form of a subsidy on home loan interest rates to eligible beneficiaries. The subsidy amounts different on basis of the income of the beneficiary.
Under the Pradhan Mantri Awas Yojana (Gramin), the government aims to provide affordable housing to the rural poor by providing them with financial assistance to build their own houses or to upgrade their existing houses. The scheme provides financial assistance in the form of a grant to eligible beneficiaries.
Pradhan Mantri Awas Yojana Eligibility
The beneficiary should not own a pucca house in his/her name or in the name of any family member in any part of the country.
The beneficiary should belong to the economically weaker section (EWS), low-income group (LIG), or middle-income group (MIG).
The annual household income of the beneficiary should be up to Rs.18 lakhs.
Pradhan Mantri Awas Yojana Gramin
beneficiary should belong to a household without a pucca house.
should be from a Scheduled Caste/Scheduled Tribe category, or belong to a non-SC/ST category and be economically vulnerable and deprived.
should not have benefited from any other housing scheme of the government.
The beneficiary have a Aadhaar card.
It is important to note that the eligibility criteria may differ slightly based on the specific state or Union Territory where the beneficiary resides. The scheme is implemented through various implementing agencies such as the State and Union Territory governments, Housing Boards, and Development Authorities, who have their own guidelines for selecting beneficiaries.
Pradhan Mantri Awas Yojana Required Documents
The documents required for Pradhan Mantri Awas Yojana (PMAY) may vary depending on the specific component of the scheme and the implementing agency involved. However, here are some of the common documents that are typically required for both PMAY (Urban) and PMAY (Gramin):
- Aadhaar card – It is mandatory to have a valid Aadhaar card for both components of the scheme.
- Income proof – Documents that show the annual income of the beneficiary such as salary slips, income tax returns, or a certificate from the employer.
- Identity proof – Documents such as PAN card, passport, voter ID, or driving license that establish the identity of the beneficiary.
- Address proof – Documents such as Aadhaar card, voter ID, passport, or utility bills that establish the address of the beneficiary.
- Bank account details – The beneficiary’s bank account details are required to disburse the subsidy or grant amount.
- Property documents – In the case of beneficiary-led construction or renovation, documents related to the property such as sale deed or lease agreement may be required.
- Photographs – Recent passport-size photographs of the beneficiary and co-applicants, if any.
It is important to note that the exact list of required documents may differ based on the implementing agency and the specific requirements of the scheme. It is advisable to check with the implementing agency or visit the official PMAY website for a complete list of required documents.
Read More: SBI PPF Calculator
Pradhan Mantri Awas Yojana List
| Scheme Name | Pradhan Mantri Awas Yojana |
| declarant | prime minister |
| Scheme announcement year | 25-Jun-15 |
| purpose | housing construction |
| Beneficiary | Indian Citizen |
| Category | Sarkari Yojana |
| Application Process | Online |
| Location | India |
| Nationality | India |
| Official site | https://pmaymis.gov.in/ |
PMAY Benefits
Here are some of the key benefits of the Pradhan Mantri Awas Yojana (PMAY) Scheme:
- Affordable housing – PMAY provides financial assistance in the form of subsidies or grants to eligible beneficiaries to construct or purchase a house at an affordable cost. This helps in fulfilling the housing needs of the economically weaker sections, low-income groups, and middle-income groups.
- Interest rate subsidy – PMAY (Urban) offers a credit-linked subsidy to eligible beneficiaries on home loan interest rates. This can significantly reduce the cost of the home loan and make it more affordable for the beneficiary.
- Environmental sustainability – The scheme promotes the use of environmentally sustainable and disaster-resistant building materials in the construction of houses. This helps in reducing the carbon footprint of the construction process and also ensures the safety of the residents during natural disasters.
- Employment generation – The scheme can lead to the generation of employment opportunities in the construction and related industries.
- Empowerment of women and marginalized sections – PMAY aims to provide housing to all eligible beneficiaries irrespective of their gender, caste, or religion. This can help in empowering women and marginalized sections of society by providing them with a secure and stable living environment.
- Financial inclusion – PMAY encourages the use of digital payment methods and promotes financial inclusion by providing financial assistance directly to the beneficiary’s bank account.
Read More:
This Bank offer 9% Interest on Senior Citizens FD
How to Apply for Pradhan Mantri Awas Yojana
Here are the steps to apply for Pradhan Mantri Awas Yojana (PMAY) online registration form:
- Visit the official PMAY website at https://pmaymis.gov.in/
- Select the appropriate category: “For Slum Dwellers” or “Benefits Under Other 3 Components”.
- Fill in the required personal details such as name, Aadhaar number, mobile number, and bank account details.
- Select the appropriate criterion for the application: Slum Dwellers or Others (EWS/LIG/MIG).
- Enter the required information related to the application such as income details, employment details, and property details.
- Upload the necessary documents such as Aadhaar card, bank account details, and income proof documents.
- Review the application form and make any necessary corrections.
- Submit the application form.
It is important to note that the application process may vary slightly based on the implementing agency or state government. Applicants can also visit their nearest Common Service Centre (CSC) or PMAY-Urban kiosk to submit their applications in person.
After the application is submitted, the implementing agency will verify the application and documents submitted by the applicant. If the application is found to be eligible, the beneficiary will receive financial assistance in the form of a subsidy or grant amount for constructing or purchasing a house.
Frequently Asked Questions (FAQs)
What is PMAY?
PMAY is a flagship housing scheme launched by the Government of India in 2015 to provide affordable housing to eligible beneficiaries across India.
Who can apply for PMAY?
PMAY is open to all eligible beneficiaries belonging to the economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG).
What is the subsidy amount offered under PMAY?
The subsidy amount varies depending on the category of the beneficiary and the income group. For example, for EWS/LIG, the subsidy can be up to 35% of the total cost of the house or a maximum of Rs. 2.67 lakhs, whichever is lower.
Can a beneficiary avail of a home loan along with PMAY subsidy?
Yes, beneficiaries can avail of a home loan along with the PMAY subsidy to purchase or construct a house.
Can a beneficiary apply for PMAY for renovation or extension of an existing house?
Yes, PMAY offers financial assistance to eligible beneficiaries for renovation or extension of their existing houses.
Can a beneficiary apply for PMAY in multiple states?
No, a beneficiary can apply for PMAY in only one state. If the beneficiary has already been sanctioned a house under PMAY, they cannot apply for a second house.
What is the time limit for the completion of the house under PMAY?
The house under PMAY must be completed within 36 months from the date of disbursement of the first installment of the subsidy amount.
How can a beneficiary track their PMAY application status?
Beneficiaries can track their PMAY application status online through the official PMAY website using their application number and other details.
Is there a processing fee for PMAY application?
No, there is no processing fee for PMAY application. The application process is free of cost.
Can a beneficiary avail of the PMAY subsidy for a second house?
No, a beneficiary is eligible for the PMAY subsidy only once, for the construction or purchase of their first house.
