Finding a place to call your own is a dream for many. The Indian government’s Pradhan Mantri Awas Yojana (PMAY) is here to turn that dream into reality. PMAY scheme helps you find an affordable place to live, whether you’re in the heart of the city or a quiet rural area.
The Pradhan Mantri Awas Yojana is a government initiative designed to make housing more affordable for the economically weaker sections of society. PM Awas Yojana applies to those in lower income groups, including urban and rural poor. Launched with the goal of constructing approximately 20 million affordable homes, the scheme aims to provide everyone with a place to call their own.
The program is divided into two parts: Pradhan Mantri Awas Yojana Urban (PMAY-U) and Pradhan Mantri Awas Yojana Gramin (PMAY-G).
Let’s take a look at Pradhan Mantri Awas Yojana eligibility and see how to apply for Pradhan Mantri Awas Yojana!
Let’s walk one step closer towards securing your dream home!
- The Pradhan Mantri Awas Yojana (PMAY)
- Eligibility For PMAY-U 2.0
- Components Of PMAY-U 2.0
- Technology & Innovation In Pradhan Mantri Awas Yojana – Urban 2.0
- Benefits Of The Pradhan Mantri Awas Yojana (Urban)
- How To Apply For Pradhan Mantri Awas Yojana (Urban)
- Pradhan Mantri Awas Yojana Documents
- Conclusion
- FAQs| PMAY Scheme
The Pradhan Mantri Awas Yojana (PMAY)
The Pradhan Mantri Awas Yojana (PMAY) is a government initiative designed to make housing more affordable for all.
The Pradhan Mantri Awas Yojana – Urban (PMAY-U) is a government mission aimed at providing affordable housing for all in urban areas. Launched on June 25, 2015, this mission was originally set to end on March 31, 2022, but has been extended until December 31, 2024.
Pradhan Mantri Awas Yojana (Urban): Progress Update 2024
The Pradhan Mantri home loan Yojana is making all the possible efforts in providing affordable housing to urban residents.
Here’s a quick look at the progress so far:
- 118.64 lakh houses have been approved for construction.
- 114.45 lakh houses are already in the process of being built.
- 86.21 lakh houses have been completed and are ready for residents.
- The central government has committed a total of ₹2 lakh crore for this initiative.
- Out of this, ₹1,64,699 crore has already been released to support the project.
- Overall, the total investment in this scheme has reached ₹8.07 lakh crore.
The official Pradhan Mantri Awas Yojana website, https://pmaymis.gov.in/, provides citizens who applied for the PM Awas Yojana list to view the 2024 beneficiary names.
Wondering if there is a scheme for rural areas, too.
Of course, there is!
The Indira Awaas Yojana (IAY), now known as the Pradhan Mantri Awas Yojana – Gramin (PMAY-G), is a rural housing initiative started by the Indian government. Launched in 1985 by Prime Minister Rajiv Gandhi, the scheme seeks to provide affordable housing to economically weaker sections, especially those living below the poverty line in rural areas.
Pradhan Mantri Awas Yojana Gramin (PMAY-G) focuses on providing permanent homes to all households living in temporary (kutcha) houses or those without any shelter in rural areas. This scheme also integrates with other government initiatives to ensure that these homes have basic amenities like electricity, drinking water, clean cooking fuel, and proper waste management systems.
Union Cabinet Approves PMAY-U 2.0
The Union Cabinet, led by Prime Minister Shri Narendra Modi, has greenlit PMAY-U 2.0. This plan aims to build 1 crore houses for urban poor and middle-class families over five years. With a massive investment of ₹10 lakh crore, the government will provide a subsidy of ₹2.30 lakh crore.
Eligibility For PMAY-U 2.0
Who is eligible for PM Awas Yojana?
PMAY-U 2.0 is for families in EWS, LIG, and MIG segments. To qualify, you must not own a pucca house anywhere in the country.
Here’s the income criteria:
- EWS (Economically Weaker Section) Households: Annual income up to ₹3 lakh.
- LIG (Low Income Group) Households: Annual income between ₹3 lakh and ₹6 lakh.
- MIG (Middle Income Group) Households: Annual income between ₹6 lakh and ₹9 lakh.
- Housing Status: Neither you nor any of your family members should own a pucca (permanent) house anywhere in the country.
You must live in a town or city that is covered under the scheme. Also, you should not have received benefits from any other government housing schemes before.
These criteria ensure that the scheme targets those who need housing support the most.
Components Of PMAY-U 2.0
As per the current pradhan mantri awas yojana status, PMAY-U 2.0 has several key components :
- Beneficiary-Led Construction (BLC)
Financial aid will help eligible EWS families build new homes on their land. States/UTs might also grant land rights (pattas) to those without land.
- Affordable Housing in Partnership (AHP)
This provides financial support for EWS families to buy houses built with States/UTs, cities, and private partners. A Technology Innovation Grant (TIG) of ₹1,000 per sqm/unit will boost projects using modern construction methods.
- Affordable Rental Housing (ARH)
This focuses on rental homes for working women, industrial workers, and urban migrants. It includes two models: using existing government-funded houses and building new rental units. A TIG of ₹3,000 per sqm will support projects with innovative technologies.
- Interest Subsidy Scheme (ISS)
The ISS offers a 4% interest subsidy on home loans up to ₹25 lakh for EWS/LIG and MIG families. Subsidies will be paid in five yearly instalments, up to a maximum of ₹1.80 lakh.
Technology & Innovation In Pradhan Mantri Awas Yojana – Urban 2.0
A new initiative, TISM, will be launched under PMAY-U 2.0. It will focus on modern, green technologies for better, faster home construction. This mission will encourage disaster-resistant and climate-smart housing across India.
States/UTs must create an “Affordable Housing Policy.” This policy will include reforms and incentives to boost public and private sector involvement. It aims to enhance housing affordability and meet the scheme’s goals.
PMAY-U 2.0 is a transformative step towards “Housing for All.” It addresses the housing needs of EWS, LIG, and MIG groups, improving lives and ensuring safe, affordable homes for millions of Indians.
Benefits Of The Pradhan Mantri Awas Yojana (Urban)
The PMAY scheme offers several benefits to help make housing more accessible and affordable.
- Slum Rehabilitation: Eligible slum dwellers can get their homes upgraded with the help of private developers. This means better living conditions for those in slum areas.
- Affordable Housing Through Credit Linked Subsidy Scheme (CLSS): The scheme offers interest subsidies on loans for buying or building homes.
- Economically Weaker Sections (EWS): For those with an annual household income up to ₹3,00,000, the house size can be up to 30 sq.m.
- Low Income Groups (LIG): For households earning between ₹3,00,001 and ₹6,00,000 annually, the house size can be up to 60 sq.m.
- Middle Income Group I (MIG I): For incomes from ₹6,00,001 to ₹12,00,000, the house size can be up to 160 sq.m.
- Middle Income Group II (MIG II): For incomes between ₹12,00,001 and ₹18,00,000, the house size can be up to 200 sq.m.
- Affordable Housing Partnerships: The pm awas yojana supports affordable housing projects where at least 35% of the houses are reserved for EWS families.
Central assistance is provided for these projects.
These benefits aim to make sure that everyone, regardless of their income, has access to safe and affordable housing.
How To Apply For Pradhan Mantri Awas Yojana (Urban)
To apply for pradhan mantri home loan yojana, you can follow the online and offline processes.
How to Apply for Pradhan Mantri Awas Yojana Offline
- You need to visit your nearby Common Service Centre (CSC).
- You have to pay ₹25 (plus GST) to purchase the application form at the CSC counter.
- Next, you must complete the form with all required details, such as your name, contact number, personal information, bank account, and income details.
Don’t forget to attach copies of the necessary pradhan mantri awas yojana documents. - Once done, you need to submit your duly signed application form at the CSC.
That’s it!
How to Apply for Pradhan Mantri Awas Yojana Online
To apply online for the Pradhan Mantri Awas Yojana (Urban), follow these steps:
- Visit the Official Website:
Go to the PMAY-Urban website or PMAY MIS portal. If you’re not an existing user, create your ID and proceed with your application.
- Download the Mobile App
You can also apply through the PMAY (Urban) Mobile Application.
Launched on February 14, 2019, the app helps streamline interactions between beneficiaries and the Pradhan Mantri Awas Yojana (Urban).
Pradhan Mantri Awas Yojana Documents
To apply for the PM Awas Yojana, you’ll generally need the following documents:
- Aadhaar Number: Or Aadhaar Enrolment ID if you’re still waiting for your Aadhaar card.
- Income Proof: A self-certificate or affidavit showing your income.
- Identity and Residential Proof: Documents like your PAN card, Voter ID, or Driving License.
- Minority Community Proof: If you belong to a Minority Community, provide relevant proof.
- Proof of Nationality: Documentation that shows you are an Indian citizen.
- Income Category Certificate: Depending on your category (EWS, LIG, MIG), provide the relevant certificate.
- Salary Slips: Recent salary slips are proof of income.
- Income Tax Return Statements: These are for verifying your income.
- Property Valuation Certificate: If applicable.
- Bank Details and Account Statement: For financial verification.
- Affidavit/Proof of No Existing Pucca House: This is to confirm you do not own a permanent house.
- Affidavit/Proof of Home Construction: To show that you are building a home under the scheme.
Conclusion
This ambitious scheme aims to make affordable housing accessible to everyone in urban areas. The progress reflects the commitment to providing quality homes to many more people in need.
You may also want to know the Pradhan Mantri Jan Dhan Yojana (PMJDY)
FAQs| PMAY Scheme
Yes, EWS beneficiaries can apply for a 30-year home loan, but keep in mind that the interest subsidy is available only for loans up to ₹6 lakhs and a tenure of up to 20 years.
CLSS offers interest subsidies up to ₹2.67 lakh for EWS, LIG, and MIG beneficiaries on housing loans from banks or housing finance companies. The subsidy rates are 6.5%, 4%, and 3% for different income groups and loan amounts.
To register, go to the official PMAY website at pmaymis.gov.in, or, you can also download the official PMAY mobile app.
Yes, the PMAY scheme is active. PMAY-Urban has been extended until December 31, 2024.
To check the PMAY list for 2024, you can check the PM Awas Yojana official site, choose ‘Search Beneficiary,’ and enter your Aadhaar number.
Source: PMAY(URBAN) , MyScheme
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