Pradhanmantri Awaas Yojana

AFFORDABLE HOUSING FOR ALL

गरीब को घर अब केवल सपना नही

The urban and rural poor, have been separately treated as per their needs by Pradhan Mantri Awas Yojana Scheme.Though the government has attempted to bring welfare schemes for the betterment of such poverty-stricken people, not much improvement could be found in their condition.

PRAISEWORTHY INITIATIVE BY THE GOVERNMENT

 

Pradhan Mantri Awas Yojana ( PMAY) or Housing for all is a housing scheme for all the people who belong to lower-income groups, economically weaker sections, and Middle-Income Groups in India. Launched in 2015, it is a housing development project from the central government that will deliver 2 Cr permanent houses in urban and rural areas by 2022. Phase I of the project is already over by March 2017 and the second phase has already started. It is divided into two parts.

The scheme is of two parts

PMAY Urban 

Under PMAY-Urban, the houses will be constructed within the urban areas. Mainly the congested slums areas will be removed to deliver pucca or permanent houses to the inhabitants of the slums and other people from LIG ,EWS and MIG categories.

Government taking the initiative to help them own a house certainly brings stability in the lives of the poor people helping them focus on their economic betterment . 

The Pradhan Mantri Awas Yojana (PMAY) scheme aims to provide affordable houses to the urban poor keeping a target of building 2 crore (20 million) houses by 31 March 2022. The two basic components of the scheme are Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for the urban poor and Pradhan Mantri Awaas Yojana (Gramin) (PMAY-G or PMAY-R ) for the rural poor. PMAY has been connected with other schemes to ensure that houses have a toilet or sanitation rooms. It also encompasses the saubhagya Yojana , electricity connection scheme, ujjwala yojana , LPG connection scheme, clean drinking water supply scheme , and Jan Dhan Yojana which helps get banking facility for the poor. 

The following Groups are Eligible for PMAY for Pradhan Mantri Awas Yojana (PMAY):

  1. The people benefitting should not be more than 70 years of age. 
  2. The income limit for various groups within the eligible is: 
  3. EWS (Economical Weaker Section) – ₹3 lakhs per annum
  4. LIG (Lower Income Group) Family – ₹6 Lakhs per annum
  5. Middle Income Group -(MIG-I) – ₹6 lakhs to ₹12 lakhs per annum
  6. Middle Income Group – (MIG-II) ₹12 lakhs to ₹18 lakhs per annum

The people enrolled in the scheme should not have their own house in the name of any family member in any part of India.

The person eligible for applying for a loan should not have taken benefit of any central/state government subsidy or help buy a home under the scheme being discussed. 

In the current period, the loan available should not own any house or land under their name or conjoined with any family members. 

The house rebuilding and self-construction loans would be granted only for Economically Weaker Sections and Lower Income Group categories. 

Under this scheme, the houses handed over would be owned by females or in conjoined form with males.

PMAY Gramin

In the PMAY-Gramin scheme, people from rural areas will get their pucca houses. Those who are living in rented houses or own house but needs reconstruction, can apply for this scheme.

Quick highlights of Pradhanmantri Awas Yojana 

ParametersDetails
Scheme NamePradhan Mantri Awas Yojana
Launch DateJune, 2015
Estimated Time for Completion7 years (2022)
Primary ObjectiveProviding affordable houses to Indian citizens
Number of Houses to be Built2 crores +
Primary Target GroupPoor people of Indibelongng to LIG, EWS  and MIG groups.
Primary Target AreaLIG, EWS and MIG people of urban and rural area.
PMAYGPradhan Mantri Awas Yojana Gramin (Rural)
PMAYUPradhan Mantri Awas Yojana Urban (Sheri)
Subsidy Aprox rs 1.2 Lakhs in Gramin and rs 2.4 Lakhs in Urban
Scope of SchemeAcross India
Previous NameHousing for All scheme and Indira Awas Yojana
Launched byPrime Minister Narendra Modi
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Pradhanmantri awas yojana eligibility criteria for getting loan

Should not own permanent house –

An important eligibility criteria is that the applicants or any member of his/her family must not possess a permanent home in any part of the country.

For EWS group –

Applicants who do not earn more than 3 lakhs on a yearly basis will be categorized as EWS or Economically Weaker Sections. All candidates who have documents to prove this will be allowed to apply for a home under this scheme.

For LIG group –

An interested candidate who desires to get the benefits of this housing program, and has yearly earnings that is falls within 3 lakhs but is not more than 6 lakhs will be considered as a member of the Lower Income Group.

For MIG 1 group –

Any applicant who has a yearly earning that amount to 12 lakhs, then he/she will be categorized as Medium Income Group 1. These candidates will be able to apply for a new home provided they meet other requirements.

For MIG 2 groups –

Individuals who earn an annual salary of Rs. 18 lakhs or less, they will be categorized as Medium Income Group 2 category. These individuals will also be allowed to apply under the PMAY program.

Carpet area of the homes –

Applicants will get homes with varying carpet areas. It will depend on the category under which these applicants fall. So, candidates of EWS, and LIG sections will acquire a shelter that is of 30 sqm and 60 sqm carpet area respectively. As per the new draft, applicants from MIG 1 will be eligible to get homes with 120 sqm carpet area while MIG 2 applicants will get 150 smq.

Apart from the primary criteria, all interested candidates will have to meet some additional requirements to apply and get credit from economic institutions. Applicants will get credit to pay for the Awas yojana.

Loan And Income Criteria Under PMAY-U

For attaining a credit of 6 lakhs –

In case an applicant desires to get a credit of 6 lakhs, they need to make an applicant only of their annual income that is no more than 6 lakhs. These candidates will be awarded a subvention of 6.5% with tenure of 20 years to repay the credit.

For attaining a credit of 9 lakhs –

People who want to acquire a loan of Rs. 9 lakhs must have an income of Rs. 12 lakhs on a yearly basis. According to the official draft, all candidates who will fall under this category will have to pay interest that will be 4% less than normal loan schemes. They need to clear the credit repayment within 20 years.

For attaining a credit of 12 lakhs –

For applicants who desire to acquire a credit of Rs. 12 lakhs, they must have an annual salary of Rs. 18 lakhs. Individuals who will fall under this section will be awarded with a subvention on the interest rate at 3%. Each creditor will have to pay up the entire loan amount within 20 years.

Phases of Pradhanmantri awas yojana

The Pradhan Mantri Awas Yojana has its blueprint divided into three phases. In other words, the scheme is designed to be completed in three phases, which are:

Phase I

PhaseI (one)
Target Date of StartApril 2015
Target Date of EndingMarch 2017
Number of Cities Targeted100 cities in India
What to Expect?Development and completion of affordable houses under the scheme.

Phase II

PhaseII (two)
Target Date of StartApril 2017
Target Date of EndingMarch 2019
Number of Cities Targeted200 cities in India
What to Expect?Development and completion of affordable houses under the scheme.

Phase III

PhaseIII (three)
Target Date of StartApril 2019
Target Date of EndingMarch 2022
Number of Cities TargetedAll remaining cities in India
What to Expect?Development and completion of affordable houses under the scheme.

Process to apply 

There are three modes of application under the PMAY scheme. They are offline, online and through CSCs for the urban and rural areas.

Apply subsidy for Pradhanmantri awas yojana urban [PMAY (U)]

Offline:

In case of offline registration, there is a demand survey by the urban local bodies. This survey will be conducted to find and organise the list of people living under LIG category (annual income not more than Rs. 6 Lac) and EWS category (Annual Income not more than Rs. 3 Lac). Once the survey will be done, verification process will start and the registration will began accordingly.

Online process:

In case of online process the applicant can register for free of cost through the pradhan mantri awas yojana ministry official website. The link for the website is http://pmaymis.gov.in/. Click on the link and find the registration or sign up form available on the website. Fill it up with required information regarding the loan and applicant’s identity. Submit the form online after successfully completion of the filling up.

CSCs:

Common Service Centres are being established in many places across the nation. Applicants are required to submit all their documents in these CSCs and a minimum registration fee of Rs. 25/- plus service charge for the registration under PMAY (U) scheme.

Apply for Pradhanmantri awas yojana gramin [PMAY (G)]

Offline:

For PMAY (G) the Gramin Sabha will be in charge for the demand survey. The authorities will conduct the survey in which LIG and EWS categories will be identified to make a list of targeted population. This list should be submitted to the PMAY local authorities for further registration process.

Online:

The online registration process for the PMAY (G) is same as the PMAY (U). The applicant can register through the official ministry website for PMAY without spending anything.

CSCs:

As mentioned CSCs are being established everywhere to process the registration. The applicant is required to spend Rs. 25/- as a service charge and registration fee to the authorities in CSCs to process the registration.

Note : You should fall in Secc 2011 list to be eligible for getting PMAYG benefits. 

Documents required for PMAY application

  • One of the mandatory documents to be submitted for the scheme registration is Aadhaar card. If the applicant by chance does not hold Aadhaar card, then the CSCs will help the applicant to get his card with proper registration.
  • Another mandatory document to be submitted is the BPL certificates. People who are living in rural areas or in urban areas, belonging to EWS or LIG groups need to submit their income certificates along with their identity and address proof.

Application form of PMAY (U) and PMAY (G)

The application form is available online only. If the applicant is filling up the form through online, then he/she has to download it and submit it online after filling it up properly. Those who are registering through CSCs can get those forms in hand from the centres. The authorities take out the forms printed and deliver them along with an acknowledgement slip to the applicant against Rs. 25/-. The applicant has to submit the form in CSCs after filling it properly.

Name, contact, gender, date of birth, category, annual income, aadhaar number, BPL certificate details and such are the mandatory options in the form. Also the applicant must mention about the house loan they want such as for construction of new house or renovation of old home.

Status Check: Track your application

After registration, you need to check whether your application gets accepted for the loan or not. To check or track the status of your application, you must click on the following link http://pmaymis.gov.in/Search_Name.aspx. In this page you will find a small empty text box where you have to enter first 3 letters of your name. Once you submit that a long list of applicants’ name will be shown. You can find your name in the list and can get the details of your application status.

Who are the target group of Pradhanmantri awas yojana?

PMAY is launched for the people who have lower income and don’t have their own house to live in. The main targeted population of the scheme is the people living under EWS and LIG. Also people who are living below the poverty line can also be the part of this scheme.

In recent time the central government has stated that the middle income group of MIGs will also be eligible for this PMAY scheme. The loan amount is also increased to 12 Lac from 6 Lac.

Drastic reduction of EMI under Pradhanmantri awas yojana

The PMAY comes with a promise of subsidized interest rate of 6.5% against housing loans under the scheme. Currently the market rate for interest on housing loans is 10.5%. This means that those who want to avail housing loans for the scheme, they will enjoy a rate of interest which is 4% below the market rate. This clearly implies that there will be a drastic reduction in the amount of EMI one needs to repay every month.

What are the primary features of Pradhanmantri awas yojana?

  • A subsidy will be granted to people to all eligible people of urban and rural population. The subsidy will come from central government treasury and will range anywhere between INR 1 lakh and INR 2.30 lakh. This subsidy will allow people from target segment to afford a house under the scheme.

Conclusion

The Pradhan Mantri Awas Yojana aims to facilitate ownership of a house to every poor and their family. The scheme tries to bring in all the possible beneficiaries within the range and provide them with this need. Not just the government but also private contributors facilitate loan availability for the needy. Such contributors are IIFL Home loans, ICICI bank, AU Housing Finance Limited, Home First Finance company, etc. Site selection for the scheme project of house construction is made by the states in association with the Central government while giving priority to district headquarters, cities of religious importance, historical and tourist importance, keeping in mind the growth of the city, slums within the city and dominance of Scheduled Caste, Scheduled Tribe, minorities and other weaker and vulnerable sections of society.

Apna Samaaj

Our mission at Apna Samaaj is to connect underprivileged communities in India with the resources and opportunities they need to thrive. We aim to create a comprehensive platform that provides access to welfare schemes from government bodies and NGOs, as well as private organizations, helping to bridge the gap between those in need and those who can provide support. Through our efforts, we strive to empower individuals and communities, drive economic growth, and make a positive impact on society.