Pradhan Mantri Awas Yojana (प्रधानमंत्री आवास योजना)
Pradhan Mantri Awas Yojana (PMAY) is a flagship program of the Government of India aimed at providing affordable housing to all eligible beneficiaries in urban and rural areas. The scheme was launched in 2015 and has been instrumental in providing pucca houses to millions of people across the country.
Pradhan Mantri Awas Yojana
Pradhan Mantri Awas Yojana (PMAY) is a social welfare program that aims to provide affordable housing to all eligible beneficiaries in urban and rural areas. The scheme is divided into two components: Pradhan Mantri Awas Yojana Urban (PMAY-U) and Pradhan Mantri Awas Yojana Gramin (PMAY-G).
Pradhan Mantri Awas Yojana Urban (PMAY-U)
PMAY-U focuses on providing affordable houses to all eligible families/beneficiaries not having a pucca house in cities and towns. All houses under the PMAY-U will have basic amenities, such as water supply, kitchen, electricity, and toilet.
Pradhan Mantri Awas Yojana Gramin (PMAY-G)
PMAY-G focuses on providing pucca houses to all households living in kutcha houses or all houseless people in rural areas. This scheme combines with other Government schemes to provide basic amenities to the houses, such as electricity, drinking water, clean and efficient cooking fuel, toilet, treatment of solid and liquid waste, etc.
Benefits of PM Awas Yojana
- House: Beneficiaries will get a own house of a minimum size of 25 square meter under PMAY-G. The beneficiaries under PMAY-U will get a own house of 30 square meter to 200 square meter carpet area depending on their category (EWS, LIG, MIG).
- Assistance: The beneficiaries under the PMAY-G will receive an assistance of Rs. 12,000 for the construction of a toilet from the Swachh Bharat Mission (G). They will also receive a unit assistance of Rs. 1.20 lakh in plains and Rs.1.30 lakh in Hill states, Jammu and Kashmir, Ladakh, North Eastern States, difficult areas and IAP/ worst affected Left-Wing Extremism (LWE) districts. The beneficiaries under the PMAY-U will get a Central assistance of Rs.1.5 lakh per EWS house.
- Land ownership: The government will provide government land or any other land (public land) for landless persons to construct houses under PMAY.
- Women empowerment: The houses/ land will be alloted in the name of the woman member or jointly in the name of the husband and wife of the household, thus, empowering women of the country.
- Interest subsidy: Beneficiaries of PMAY will get interest subsidy on housing loans for acquisition or new construction of houses from the Primary Lending Institutions (PLIs).
- Improved socio-economic status: The houses provided to homeless families will improve their socio-economic status and also their quality of life. A house with all amenities will lead to better education, health, and overall well-being.
- Reduction in slums: The PMAY-U will help to reduce slums in towns and cities by providing the slum dwellers a pucca house. This will help to bring slum dwellers into the formal urban settlement.
- Direct Transfer: The financial assistance under the scheme is directly transferred to the beneficiaries electronically to their Bank or Post office accounts linked to Aadhaar. Thus, it reduces the chances of fraud and ensures that the beneficiaries receive funds.
Components of PM Awas Yojana
The PM Awas Yojana – Urban has 4 major components:
- In-Situ Redevelopment of slums using land as a resource, with the participation of the private sector. This mission aims at leveraging the potential of land under slum areas and providing formal urban establishments to slum dwellers.
- Credit Linked Subsidy – Under this scheme, the government will provide an interest subsidy of 6.5% on housing loans for 15 years from the start of the loan, which will make housing affordable.
- Affordable Housing in Partnership (AHP) – In partnership with the Public and Private sector, affordable housing will be provided to the economically weaker sections. The States or Union Territories, either with different agencies or in partnership with different industries can plan affordable housing projects.
- Enhancement and construction of beneficiary-led house – Under this component, the beneficiaries who are not able to avail the advantages of the above three components will be benefited. This mission provides assistance to families of EWS category to construct new houses or enhance the existing houses on their own to cover the beneficiaries. Under this mission, families will get a central assistance of Rs 1.50 lakh to enhance their existing houses or construct new houses.
Pradhan Mantri Awas Yojana Eligibility
The eligibility criteria for Pradhan Mantri Awas Yojana (PMAY) are as follows:
Economically Weaker Section (EWS):
- Annual household income should be up to Rs. 3 lakh.
- Family should not own a pucca house in their name or in the name of any family member in any part of India.
- Family should not have availed of any central assistance under any housing scheme from the Government of India.
Lower Income Group (LIG):
- Annual household income should be between Rs. 3 lakh and Rs. 6 lakh.
- Family should not own a pucca house in their name or in the name of any family member in any part of India.
- Family should not have availed of any central assistance under any housing scheme from the Government of India.
Middle Income Group (MIG):
- Annual household income should be between Rs. 6 lakh and Rs. 18 lakh.
- Family should not own a pucca house in their name or in the name of any family member in any part of India.
- Family should not have availed of any central assistance under any housing scheme from the Government of India.
Women Ownership:
- The house should be in the name of the female head of the household or in the joint name of the male head of the household and his wife.
Other Eligibility Criteria
- The applicant should not have availed of any financial assistance from any other housing scheme of the Central or State Government.
- The applicant should not have a pucca house in their name or in the name of any family member in any part of India.
- The applicant should not have availed of any central assistance under any housing scheme from the Government of India.
Documents Required
- Aadhaar card
- Income proof
- Bank account details
- Address proof
- Identity proof
- Caste certificate (if applicable)
- Minority certificate (if applicable)
How to Apply
- Visit the official website of PMAY: https://pmaymis.gov.in/
- Click on the “Citizen Assessment” option
- Enter your Aadhaar number and other details
- Fill in the application form and submit it
- Take a printout of the application form and submit it to the nearest CSC office or a financial institution offering PMAY
Contact Details
- Contact Numbers: 011-23063620, 011-23063567, 011-23060484, and 011-23061827
- Email Address: grievance-pmay[@gov.in](mailto:grievance-pmay@gov.in)
PMAY Eligibility Criteria for MIG
- Medium Income Group (MIG1): Those with an annual household income of less than Rs.12 lakh are classified as MIG1. These individuals are eligible for loans of up to Rs.9 lakh for the construction of a home.
- Medium Income Group (MIG2): Individuals earning an annual household income of Rs.12 to Rs.18 lakh will be classified as MIG2 under the PMAY scheme. These individuals are eligible for loans of up to Rs.12 lakh.
PMAY Eligibility Criteria for LIG/EWS
- Economically Weaker Section (EWS): The EWS category includes people with annual household incomes of less than Rs.3 lakh. An applicant claiming to be on EWS, on the other hand, must provide relevant proof to the government in order for the government to verify their claims.
- Light Income Group (LIG): People in the LIG category typically have annual household incomes ranging from Rs.3 lakh to Rs.6 lakh. Again, in order to be considered, they must provide sufficient proof of their financial situation.
Credit Linked Subsidy Scheme (CLSS)
- The Credit Linked Subsidy Scheme (CLSS) is a benefit provided under the PMAY Scheme that allows the Economically Weaker Section (EWS), Low Income Group (LIG), and Medium Income Group (MIG) to obtain home loans with lower EMIs thanks to an interest subsidy.
PMAY Subsidy
- The subsidy is provided on loans provided by both housing finance organisations and banks. National Housing Bank (NHB) and Housing & Urban Development Corporation (HUDCO) are the two central agencies that disburse the loans.
- The subsidy is applicable only for a loan of up to Rs. 6 lakhs, beyond which non-subsidised rates will be applicable.
- The home loan rate and EMI get considerably reduced, considering the subsidy is credited in advance to the beneficiary’s loan account.
PMAY Customer Care Helpline Numbers
- 1800-11-6163 (Urban, HUDCO)
- 1800-11-6446 (Gramin)
- 1800-11-3377 (Urban,NHB)
- 1800-11-3388 (Urban,NHB)
Tax Benefits under PMAY
- Section 80C: Deductions of up to Rs. 1.50 Lakh per year on the home loan principal repayment.
- Section 24(b): Deductions of up to Rs. 2 Lakh
Conclusion
Pradhan Mantri Awas Yojana (PMAY) is a revolutionary initiative by the Government of India aimed at providing affordable housing to all eligible beneficiaries in urban and rural areas. The scheme has been instrumental in providing pucca houses to millions of people across the country, thereby improving their socio-economic status and quality of life.
With its various components, such as In-Situ Redevelopment of slums, Credit Linked Subsidy, Affordable Housing in Partnership, and Enhancement and construction of beneficiary-led house, PMAY has made a significant impact on the lives of many.
The eligibility criteria for PMAY are well-defined, and the application process is straightforward. The scheme offers various benefits, including interest subsidy, land ownership, and women empowerment.
As the Government of India continues to work towards achieving its goal of “Housing for All” by 2022, PMAY is expected to play a crucial role in achieving this objective. With its focus on providing affordable housing to all, PMAY is a shining example of the government’s commitment to the welfare of its citizens.
Key Takeaways:
- PMAY is a flagship program of the Government of India aimed at providing affordable housing to all eligible beneficiaries in urban and rural areas.
- The scheme has four major components: In-Situ Redevelopment of slums, Credit Linked Subsidy, Affordable Housing in Partnership, and Enhancement and construction of beneficiary-led house.
- The eligibility criteria for PMAY are well-defined, and the application process is straightforward.
- The scheme offers various benefits, including interest subsidy, land ownership, and women empowerment.
- PMAY is expected to play a crucial role in achieving the government’s goal of “Housing for All” by 2022.
PMAY at a Glance
| Component | Description |
|---|---|
| In-Situ Redevelopment of slums | Leveraging land as a resource to provide formal urban establishments to slum dwellers |
| Credit Linked Subsidy | Providing interest subsidy on housing loans for acquisition or new construction of houses |
| Affordable Housing in Partnership | Providing affordable housing in partnership with the Public and Private sector |
| Enhancement and construction of beneficiary-led house | Providing assistance to families of EWS category to construct new houses or enhance the existing houses on their own |
Final Thoughts
Pradhan Mantri Awas Yojana is a remarkable initiative that has the potential to transform the lives of millions of people in India. With its focus on providing affordable housing to all, PMAY is a shining example of the government’s commitment to the welfare of its citizens. As the scheme continues to evolve and expand, it is expected to play a crucial role in achieving the government’s goal of “Housing for All” by 2022.
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