What is PMAY?
PMAY stands for Pradhan Mantri Awas Yojana, which is a flagship housing scheme launched by the Government of India in June 2015. The scheme aims to provide housing to the urban poor population in the country. The main objective of PMAY is to ensure that every Indian citizen has a pucca house with basic facilities by 2022, which marks the 75th anniversary of India's independence. Under this scheme, the government provides financial assistance to eligible beneficiaries to construct or purchase their own house. The official website of PMAY is pmaymis.gov.in
PMAY is divided into two categories- PMAY-U (Pradhan Mantri Awas Yojana Urban) and PMAY-G (Pradhan Mantri Awas Yojana Gramin).
PMAY-U focuses on providing affordable housing to the urban poor. While PMAY-G focuses on providing housing to the rural poor.
PMAY-U is divided into two components - PMAY-U (Credit Linked Subsidy Scheme) and PMAY-U (Affordable Housing in Partnership). Under the Credit Linked Subsidy Scheme, the government provides interest subsidies on home loans taken by eligible beneficiaries from banks and financial institutions. The subsidy is given for a max of 20 years or the tenure of the loan, whichever is lower. The amount of subsidy depends on the income of the beneficiary and the size of the house.
Under the Affordable Housing in Partnership component, the government provides financial assistance to eligible beneficiaries to build their own house. The assistance is provided in the form of a grant. The grant is 50% of the project cost, subject to Rs. 1.5 lakh per house.
Pradhan Mantri Awas Yojana Gramin financial assistance to eligible beneficiaries to construct or renovate their houses in rural areas. The assistance is provided in the form of a grant, which is Rs. 1.2 lakh for the construction of a new house and Rs. 30,000 for the renovation of an existing house.
PMAY is imposed by the Ministry of Housing and Urban Affairs with the State Governments, Urban Local Bodies (ULBs), and other stakeholders. The scheme has made progress in providing affordable housing to the urban and rural poor in the country and is expected to achieve its target of providing housing for all by 2022.
How to Apply for Pradhan Mantri Awas Yojana
To apply for Pradhan Mantri Awas Yojana (PMAY), follow the step-by-step guide given below:
Visit the official website of PMAY Pradhan Mantri Awas Yojana
Click on the 'Citizen Assessment' option under the 'Menu' section.
Select the category based on whether you are applying as an individual or as part of a group. There are two options – slum dwellers or benefits under 3 components.
Enter your Aadhaar number and click submit.
Step 5: Fill in the required details such as personal information, income details, employment details, and contact information.
Select the category of PMAY that you want to apply for - PMAY-U (Urban) or PMAY-G (Gramin).
Fill in the details of your current residential address and your preferred contact address.
Upload the required documents such as an Aadhaar card, PAN card, bank statement, and income proof.
Review all the details filled in and click on the "Submit" button.
On successful submission of the application, a system-generated application number will be displayed on the screen.
Take a printout of the application form for future reference.
How to Register Under PMAY Online
Before you apply for PMAY, you must register on their website. To do so, you must click on citizen assessment on the home page. After selecting the appropriate option from the citizen assessment, you will be redirected to another page. Here you must enter your Aadhar number and name as per Aadhar. If the details given by you are correct, you will be registered and redirected to the application page.
Documents required for Pradhan Mantri Awas Yojana
The necessary PMAY documents are as follows:
PMAY Eligibility Calculator for Pradhan Mantri Awas Yojana
There are several PMAY eligibility calculators available online that can help applicants determine their Pradhan Mantri Awas Yojana (PMAY) eligibility based on their income, category, and other criteria. Here's how to use one:
Go to a reliable PMAY eligibility calculator website, such as the one provided by the National Housing Bank (nhb.org.in).
Select the appropriate category of PMAY that you want to apply for - PMAY-U (Urban) or PMAY-G (Gramin).
Enter your details, such as name, age, gender, and Aadhaar number.
Enter your income details, such as monthly income and employment type.
Enter your property details, such as whether you already own a house, and the location of the proposed property.
Click on the "Check Eligibility" or "Calculate" button to get the results.
The eligibility calculator will display your Pradhan Mantri Awas Yojana status and the subsidy amount that you may be eligible for under PMAY.
The official PMAY website also has a subsidy calculator. You must enter your monthly income and your loan amount, and the website will calculate the amount of subsidy you are eligible for. Note that the eligibility calculator is only a tool to help you assess your eligibility and does not guarantee that you will be approved for PMAY. The final decision on the Pradhan Mantri Awas Yojana eligibility and subsidy amount is made by the concerned authorities based on their guidelines and criteria.
Beneficiaries Categories for PMAY Scheme
The Pradhan Mantri Awas Yojana list for beneficiaries are as follows:
Economically Weaker Section (EWS) - This category comprises households with an annual income of up to Rs. 3 lakhs. The beneficiaries under this category are eligible for a subsidy of up to Rs. 2.67 lakhs on home loan interest.
Lower Income Group (LIG) - This category comprises households with an annual income between Rs. 3 lakhs and Rs. 6 lakhs. The beneficiaries under this category are eligible for a subsidy of up to Rs. 2.67 lakhs on home loan interest.
Middle Income Group I (MIG I) - This category comprises households with an annual income between Rs. 6 lakhs and Rs. 12 lakhs. The beneficiaries under this category are eligible for a subsidy of up to Rs. 2.35 lakh on home loan interest.
Middle Income Group II (MIG II) - This category comprises households with an annual income between Rs. 12 lakhs and Rs. 18 lakhs. The beneficiaries under this category are eligible for a subsidy of up to Rs. 2.30 lakh on home loan interest.
Beneficiaries from the Economically Weaker Sections (EWS) and Low-Income Groups (LIG) categories who reside in slum areas - This category comprises households residing in slum areas and who have been living in such dwellings as on June 17, 2015. The beneficiaries under this category are eligible for a subsidy of up to Rs. 1.00 lakh on home loan interest.
Women - Under this category, women who are the sole owners or co-owners of the property can avail of the Pradhan Mantri Awas Yojana benefits.
You can also check the PMAY Awas Yojana list by visiting the Common Service Centers (CSCs) or the nearest housing department office in your area. They will be able to provide you with the information regarding the PMAY beneficiaries list in your area.
Key Takeaways on Pradhan Mantri Awas Yojana Documents
The key takeaways on Pradhan Mantri Awas Yojana (PMAY) documents are as follows:
Aadhaar card, voter ID card, and PAN card are mandatory documents required to establish identity, age, and income.
Bank account statements, salary slips, or income tax returns are required to verify income and savings.
Ownership documents, caste certificates, and disability certificates may be required based on the category of PMAY applied for.
NOC from the builder and a copy of the building plan may be required by beneficiaries applying for a home loan to construct a new house.
An affidavit stating that the beneficiary or his/her family does not own a pucca house anywhere in India is mandatory for all applicants.
All the documents should be submitted in the correct format and as per the guidelines of the concerned authorities.
The documents should be authentic and valid, and any discrepancies may lead to the rejection of the application.
It is recommended to keep all the necessary documents ready before applying for PMAY to avoid any delay or rejection of the application.
The exact documents required may vary based on the category of PMAY applied for and the specific requirements of the concerned authorities.