The Pradhan Mantri Awas Yojana (PMAY) is an initiative of the Government of India which aims at providing affordable housing to the urban poor by the year 2022. The scheme was first launched on 1 June 2015. The interest rate for the PMAY scheme starts at 6.50% p.a. and can be availed for a tenure of up to 20 years.The last date for availing the PMAY CLSS scheme for the LIG and EWS categories has been extended to 31 March 2022.
Union Budget highlights:
FM announces extension of affordable housing eligibility -
The Finance Minister Nirmala Sitharaman announced the Union Budget for 2021 wherein she has proposed that the extension of the eligibility for affordable housing. She has also announced a tax exemption for the affordable rental housing projects.
The FM has also announced affordable rental housing for migrant workers as a part of her Budget speech. She has also announced an additional deduction of Rs.1.5 lakh for all the housing loans which will be availed before 31 March 2022. The FM has also announced an extension for availing tax holidays for affordable housing projects by another year ending 31 March 2022.
|Launch Date||25th June 2015|
|Expected Completion||By 2022|
|Toll Free Number||1800-11-6163 - HUDCO
1800 11 3377, 1800 11 3388 - NHB
|Complaints or Suggestionemail@example.com|
|Office Address||Pradhan Mantri Awas Yojana Ministry of Housing and Urban Affairs Nirman Bhawan,
New Delhi- 110 011 Contact: 011 2306 3285, 011 2306 0484
|PMAY Guidelines||Click to Download Manual|
The beneficiaries under the PMAY scheme can be listed as follows:
|Middle Income Group I (MIG I)||Rs.6 lakh to Rs.12 lakh|
|Middle Income Group I (MIG II)||Rs.12 lakh to Rs.18 lakh|
|Lower Income Group (LIG)||Rs.3 lakh to Rs.6 lakh|
|Economically Weaker Section (EWS)||Up to Rs.3 lakh|
In addition to these, people belonging to SC, ST, and OBC categories and women belonging to EWS and LIG income groups will also be eligible for the PMAY scheme.Identification and Selection of Beneficiaries under PMAY
Go Deeper: How to Check PMAY List 2021
There are two sub-sections of the PMAY scheme which are divided on the basis of the area on which they focus:
|Particulars||Interest Subsidy||Maximum Loan for Subsidy|
|EWS||6.50% p.a.||Rs.6 lakh|
|LIG||6.50% p.a.||Rs.6 lakh|
|MIG -1||4.00% p.a.||Rs.9 lakh|
|MIG-2||3.00% p.a.||Rs.12 lakh|
Pradhan Mantri Awas Yojana scheme aims to simplify the process of purchasing a home for the urban poor and weaker sections of society through EMIs at reasonable rates of interest. The rate of interest is comparatively much lesser than commercial rates, thus offering people subsidised loans.
To calculate the EMI log on to the Pradhan Mantri Awas Yojana website and fill in the following details: http://pmaymis.gov.in/EMI_Calculator.aspx
Once the following details are submitted, click on the ‘Calculate’ option. This will give you the monthly installment or EMI payable in rupees.
Find: Home Loan EMI CalculatorHow to Get PMAY Interest Subsidy?
The bank from where the individual is taking the loan will claim the subsidy benefit for the eligible applicants from the National Housing Bank (NHB). The National Housing Bank will then check to investigate whether anyone is making multiple applications under the scheme. Once confirmed, the CLSS or subsidy amount will be given to the borrower's Bank. Once the amount is received, the money would be credited directly to the Loan Account.
Go Deeper: Understand Subsidy on Home Loan
The government will use the The Socio Economic and Caste Census of 2011 (SECC 2011) to identify and select the list of PMAY beneficiaries. The village panchayats along with tehsils will be considered for consultation of beneficiaries before making the list under the rural housing scheme. This is going to be done in order to ensure transparency of the project and also make sure that only the deserving receive the aid in housing.
Learn more about the PMAY Eligibility.
You can apply for the PM Awas Yojana (PMAY) through the official PMAY portal. The process of application is very easy and user-friendly. All you would need to get started is your Aadhaar number. After that you can just follow the on-screen directions and fill up and submit the form to conclude the application.
To check the status of your PMAY application, you can simply log in to the official portal of Pradhan Mantri Awas Yojana at https://pmaymis.gov.in. After that, you can just navigate to the tracking option and follow the on-screen directions to check the status of your application.How to Edit Your Details After Submitting Application for PMAY
PMAY Resource: PMAY Online Application FormPhases of Pradhan Mantri Awas Yojana
The PMAY Scheme will be executed in three phases. Refer to the below tables for more details:
|Stage||Phase 1||Phase 2||Phase 3|
|Cities covered||100||200||Remaining cities|
PM Awas Yojana Technology Sub Mission will cover following:
In case of any queries relating to the application process, interest rates and any other scheme related queries, customers can contact the toll free helpline number:
Those facing any issues related to the application process can contact the above toll-free numbers according to the locations.
|State/UT||Organisation Name||Address and Email|
|Andaman and Nicobar Islands||Union Territory of Andaman and Nicobar Islands||Municipal Council, Port Blair – 744101
|Andhra Pradesh||Andhra Pradesh State Housing Corporation Limited||Andhra Pradesh State Housing Corporation Limited, Himayat Nagar, Hyderabad – 500029
|Andhra Pradesh||Andhra Pradesh Township Infrastructure Development Corporation Limited||Flat number 502, Vijaya Lakshmi Residency, Gunadala, Vijayawada – 520004
|Arunachal Pradesh||Government of Arunachal Pradesh||Department of Urban Development and Housing, Mob-II, Itanagar
|Assam||Government of Assam||Block A, Room no. 219, Assam Secretariat, Dispur, Guwahati – 781006
|Bihar||Government of Bihar||Urban Development and Housing Department, Vikas Bhawan, Bailey road, New Secretariat, Patna, Bihar – 15
|Chandigarh||Chandigarh Housing Board||Sector 9-D, Chandigarh – 160017
|Chhattisgarh||Government of Chhattisgarh||Mahanadi Bhawan Mantralaya, Room No. S-1/4, Naya Raipur, Chhattisgarh
|Dadra and Nagar Haveli, and Daman and Diu||Union Territory of Dadra and Nagar Haveli, and Daman and Diu||Secretariat, Silvassa – 396220
|Dadra and Nagar Haveli||Union Territory of Dadra and Nagar Haveli||Secretariat, Silvassa – 396220
|Goa||Government of Goa||GSUDA, 6th Floor, Shram Shakti Bhavan, Patto – Panaji
|Gujarat||Government of Gujarat||Affordable Housing Mission, New Sachivalaya, Block No. 14/7, 7th floor, Gandhinagar – 382010
|Haryana||State Urban Development Agency||Bays-11-14, Palika Bhawan, Sector-4, Panchkula, Haryana – 134112
|Himachal Pradesh||Directorate of Urban Development||Palika Bhawan, Talland, Shimla
|Jammu and Kashmir||Jammu and Kashmir Housing Board||Email: Jkhousingboard@yahoo.com,
|Jharkhand||Urban Development Department||3rd floor, Room No: 326, FFP Building, Dhurwa, Ranchi, Jharkhand – 834004
|Kerala||State Poverty Eradication Mission||TRIDA Building, Jn. Medical College, PO Thiruvananthapuram
|Madhya Pradesh||Urban Administration and Development, GoMP||Palika Bhawan, Shivaji Nagar, Bhopal – 462016
|Maharashtra||Government of Maharashtra||Griha Nirman Bhawan, 4th Floor, Kalanagar, Bandra (East), Mumbai – 400051
|Manipur||Government of Manipur||Town Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal – 795001
|Meghalaya||Government of Meghalaya||Town Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal – 795001
|Mizoram||Urban Development & Poverty Alleviation, Government of Mizoram||Directorate of Urban Development and Poverty Alleviation, Thakthing Tlang, Aizawl, Mizoram – 796005
|Nagaland||Government of Nagaland||Municipal Affairs cell, A.G. Colony, Kohima – 797001
|Odisha||Housing and Urban Development (H&UD) Department||1st Floor, State Secretariat, Annex - B, Bhubaneswar – 751001
|Puducherry||Government of Puducherry||Town & Country Planning Deptt. Jawahar Nagar Boomianpet Puducherry – 605005
|Punjab||Punjab Urban Development Authority||PUDA Bhawan, Sector 62, SAS Nagar, Mohali, Punjab
|Rajasthan||Rajasthan Urban Drinking Water, Sewerage & Infrastructure Corporation Ltd (RUDSICO)||4-SA-24, Jawahar Nagar, Jaipur, Rajasthan
|Sikkim||Government of Sikkim||Department of Urban Development and Housing, Government of Sikkim, NH 31A, Gangtok – 737102
|Tamil Nadu||Government of Tamil Nadu||Tamil Nadu Slum Clearance Board, No.5 Kamarajar Salai, Chennai, Tamil Nadu – 600005
|Telangana||Government of Telangana||Commissioner and Director of Municipal Administration, 3rd Floor, AC Guards Public Health, Lakdikapool, Hyderabad
|Tripura||Government of Tripura||Directorate Of Urban Development, Government of Tripura, Pandit Nehru Complex, Gorakha Basti, 3rd Floor, Khadya Bhawan, Agartala – 799006
|Uttarakhand||Directorate of Urban Development||State Urban Development Authority 85A, Motharawala Road, Ajabpur Kalan, Dehradun
|Karnataka||Government of Karnataka||9th Floor, Vishweshwaraiah Towers, Dr.Ambedkar Veedhi, Bangalore – 560001
|West Bengal||State Urban Development Authority||ILGUS Bhavan, Block HC Block, Sector 3, Bidhannagar, Kolkata – 700106
|Uttar Pradesh||State Urban Development Agency (SUDA)||Navchetana Kendra, 10, Ashok Marg, Lucknow – 226002
Top 10 banks in India which offer loans under the PMAY scheme are listed below:
It usually takes around 3 to 4 months for the subsidy amount from PMAY to be credited to the beneficiary. This is subject to the verification process of the government.
The Assessment ID for PMAY is generated by the PMAY portal after an applicant successfully completes the registration process. This ID can be used to track the status of the application as well.
Yes, this scheme gives priority to women who are running a family within the lower income groups. However, if your husband, father or any other family member that you reside with has applied, your application will be rejected.
You simply need to apply as a senior citizen, since all senior citizens are provided the priority for having access to Ground floor housing. However, ensure that you apply early since the priorities among senior citizens for ground floor is also shared with differently abled beneficiaries as well.
People refer to Direct Benefit Transfer as DBT. This means that the beneficiaries will receive the funds they are expected to receive, in the form of instalments, under the scheme, directly in their bank accounts, instead of having to go through random offices and banks. The funds allocated for the rural housing scheme under PMAY will also be sent off to the beneficiaries through direct fund transfer to the bank accounts of the listed and identified beneficiaries. Labour allocation and labour training for the Awas Yojana.
The importance of transparency in the whole housing project is essential, right from the scheme rules and regulations being created to the basic requirement of sanitation being implemented in the housing. All of that must be followed, which requires geo tagging, to have all information available for parties involved, whenever needed. Geo tagging, basically means adding metadata to a photograph or map of your home located in the map. It also helps retain updated satellite imagery of the progress of the project. This helps to remotely monitor each unit, without having to be there in person.
The PMAY project is supposed to last until 2022. But this is the date, which ensures that all the regions in India have beneficiaries, who can avail the scheme. The construction and ultimately the beneficiaries moving in may take longer.
Your annual income should not be more than Rs. 18 lakhs. However, there are no lower limits for the PMAY income requirement.
These are basically nodal agencies that are identified by the Ministry or Government to function as bodies which implement Credit linked subsidy.
Area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls.
Let us take a look at the equation to quickly understand what FAR means:
This term simply ensures the availability of a particular amount that is additional on the built up with respect to the surrendered or relinquished area of land which allows the owner to use an added built-up area for himself/herself in some other land.
In order to apply online, it is mandatory for all citizens to have an Aadhaar Card. It is advised to get your Aadhar Number from the nearest Common Service Centre (CSC) as soon as possible.
You will only have to pay an application fee of Rs.25 plus service tax at the Common Service Centres. However, there are no charges levied if you are applying online.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.