Ruchi SrivastavaHaving a home is a universal dream that is easily achieved by the privileged with the help of home Loan but often feels out of reach for the underprivileged. However, through the Pradhan Mantri Awas Yojana scheme, many middle-class and impoverished families have been able to realize this dream. The PMAY Scheme continues to evolve, focusing on delivering “Housing for All” through various subsidies and support mechanisms.
Latest Update
The Union Cabinet has recently given the green light to the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 scheme, which plans to construct one crore homes in urban areas from 2024-25 to 2028-29. PMAY-U 2.0 is a government-driven initiative designed to provide financial support to middle-class families and the urban poor. The scheme’s main goal is to help eligible beneficiaries build, buy, or rent affordable housing in urban areas. This effort is part of the Indian government’s broader mission to improve living standards by ensuring that all citizens have access to durable housing options.
Additionally, the Cabinet has approved the implementation of the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) for the Financial Year 2024-25 to 2028-29. Union Information and Broadcasting Minister Ashwini Vaishnaw announced that the scheme plans to build a total of three crore new houses, with two crore in rural areas and one crore in urban areas. The scheme has a budget allocation of Rs 3.61 lakh crore.
The PM India website mentioned that special attention will be provided to marginalized groups, such as slum dwellers, SC/STs, minorities, widows, persons with disabilities, and other disadvantaged sections of society. The scheme will also focus on supporting groups like Safai Karamis, street vendors, artisans, Anganwadi workers, and residents of slums or chawls.
What is Pradhan Mantri Awas Yojana (PMAY)?
The Pradhan Mantri Awas Yojana (PMAY) is a major housing initiative launched by the Government of India in 2015, with the aim of providing pucca houses to all eligible beneficiaries by 2022. This goal has since been extended to accommodate the diverse needs of different population groups. As of 2024, the scheme continues to evolve, focusing on delivering “Housing for All” through a range of subsidies and support systems.
Pradhan Mantri Awas Yojana has 2 Main Components:
- Pradhan Mantri Awas Yojana Urban (PMAY – U) – PMAY-U aims to provide affordable housing to all eligible families in urban areas who lack a pucca house. Each house will include essential amenities like a water supply, a kitchen, electricity, and a toilet. The scheme also supports women’s empowerment by ensuring house or land ownership in the name of the female member or jointly. Priority is given to senior citizens, differently-abled individuals, SCs, STs, OBCs, single women, transgender people, minorities, and other vulnerable groups. In August 2022, the scheme was extended until 31 December 2024, with 118.64 lakh houses sanctioned and 84.7 lakh completed as of 15 July 2024.
Pradhan Mantri Awas Yojana Urban Scheme Details
| Features | MIG-I | MIG-II |
| Interest rate subsidy | 4.00% | 3.00% |
| Maximum carpet area of a dwelling unit | 160 sq. m | 200 sq. m |
| Maximum subsidy amount | Rs. 2.35 Lakh | Rs. 2.30 Lakh |
| Maximum Home Loan Quantum for Subsidy | Rs. 9 Lakh | Rs. 12 Lakh |
| Maximum home loan tenure | 20 years | 20 years |
| The discount rate for interest subsidy NPV | 9% | 9% |
- Pradhan Mantri Awas Yojana Gramin (PMAY – G) – PMAY-G aims to provide pucca houses for all rural households living in kutcha houses or those without a home. The scheme integrates with other government programs to ensure basic amenities like electricity, drinking water, clean cooking fuel, toilets, and waste management. The cost of unit assistance is shared between the Central and State Governments, with a 60:40 ratio in plain areas and 90:10 for North Eastern states, Himachal Pradesh, Uttarakhand, and Jammu and Kashmir. As of 15 July 2024, 2.94 crore houses have been sanctioned, and 2.63 crore houses are completed under this scheme.
Pradhan Mantri Awas Yojana Gramin Scheme Details
| Features | EWS | LIG |
| Interest rate subsidy | 6.50% | 6.50% |
| Maximum dwelling unit carpet area | 30 sq. m | 60 sq. m |
| Maximum interest rate subsidy amount | Rs. 2.67 Lakh | Rs. 2.67 Lakh |
| Maximum home loan quantum for subsidy | Rs. 6 lakh | Rs. 6 lakh |
| Maximum home loan tenure | 20 years | 20 years |
| The discount rate for interest subsidy NPV | 9% | 9% |
What are the Eligibility Criteria for Pradhan Mantri Awas Yojana?
1. Income – Eligibility for the Pradhan Mantri Awas Yojana is determined by a person’s income, placing them in the EWS, LIG, or MIG categories. However, if a family’s annual income exceeds Rs. 18 lakh, which is the upper limit for the MIG group, they become ineligible for the scheme’s benefits.
2. Property Ownership – To qualify for the Pradhan Mantri Awas Yojana, a woman’s name must be included on the property deed or papers. This can be as the sole owner or as part of joint ownership, where at least one owner must be female. The only exception to this rule is if there are no women in the family, in which case the requirement may be waived.
3. New Property Purchase – The Pradhan Mantri Awas Yojana (PMAY) applies exclusively to the purchase of new properties. Applicants must also not own any other pucca properties to qualify for this credit-linked scheme.
4. No Previous Housing Benefits – To be eligible for the Pradhan Mantri Awas Yojana (PMAY), beneficiaries must not have received any central assistance or benefits from other housing schemes, whether from the state or central government, prior to applying for this scheme.
5. Property Location – For the Pradhan Mantri Awas Yojana (PMAY), the house or property being purchased must be located in areas, towns, villages, or cities as defined in the Census.
6. Renovation and Extension Timeframe – If a home loan is sought for the renovation or extension of an existing property, the work must be finished within 36 months from the date of receiving the first loan installment under PMAY.
Which Documents are Required for Applying in Pradhan Mantri Awas Yojana?
- Identity Proof: PAN card, Voter ID, Aadhar card, or Passport.
- Income Proof: Salary slips, income certificates, or ITR returns.
- Address Proof: Electricity/Water Bills, rental agreement, or Aadhaar card.
- Proof of Nationality: Aadhaar card, Passport, or Voter ID.
- Property Documents: Sale deed, property tax receipt, or proof of ownership.
- Bank Statements: Last 6 months.
- Photographs: Applicant’sPassport-sized photographs.
How to Apply For Pradhan Mantri Awas Yojana Scheme(PMAY) 2024?
- Step 1: Visit the official government website for Pradhan Mantri Awas Yojana (PMAY) pmaymis.gov.in.
- Step 2: Click on the ‘Citizen Assessment’ option found under the ‘Menu’ tab.
- Step 3: Enter your Aadhaar number to proceed.
- Step 4: After submitting your Aadhaar number, you will be redirected to the application page.
- Step 5: Fill in all required details on the application page, including income, personal information, bank account details, and other necessary data.
- Step 6: Review all information carefully before submission.
- Step 7: Click ‘Save’ to receive a unique application number.
- Step 8: Download the completed application form.
- Step 9: Submit the form along with all required documents at your nearest CSC office or a financial institution offering PMAY services.
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FAQs
Q1. Which State has given maximum number of homes under PM Awas Yojna Scheme?
Ans. Uttar Pradesh in India has allotted maximum number of Homes under PMAY Scheme.
Q2. Where we can apply for PM Awas Yojna?
Ans. Check the link https://pmaymis.gov.in/ to apply for PM Awas Yojna.
Q3. What’s the Objective of PM Awas Yojna Scheme?
Ans. The objective of Pradhan Mantri Awas Yojna is “Housing for All” by 2022 for the under privileged families.
Q4. Who Is eligible for Pradhan Mantri Awas Yojna?
Ans. Families with an annual income between INR 3 Lakh to 18 Lakh are eligible to apply.
Q5. What is the Full form of PMAY?
Ans. The full form of PMAY is Pradhan Mantri Awas Yojna Scheme which aims at providing Housing for All.
Q6. How much money is given under PM Awas Yojna?
Ans. It provides upto Rs 1.5 Lakh to the families on the behalf of the Union Government.
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