A "low interest" loan shouldn't mean you have very little interest in paying it back!
The Pradhan Mantri Awas Yojana (PMAY) has been introduced by Prime Minister, Narendra Modi on 1 June 2015. PMAY Scheme is an initiative provided by the Government of India which aims at providing affordable housing to the urban poor. The mission is to provide housing for all by the year 2022, by that time Nation completes 75 years of its Independence.
Under this scheme, affordable houses will be built in selected cities and towns using eco-friendly construction methods for the benefit of the urban poor population in India. Also, under the Credit Linked Subsidy Scheme, beneficiaries under PM Awas Yojana are eligible for interest subsidy if they avail a loan to purchase or construct a house.
| Particulars | EWS | LIG | MIG-1 | MIG-2 |
| Annual Household income | Up to 3 lakh | 3 to 6 lakh | 6 to 12 lakh | 12 to 18 lakh |
| Interest rate Subsidy | 6.50% p.a. | 6.50% p.a. | 4.00% p.a. | 3.00% p.a. |
| Home Loan Tenure (Max) | 20 years | 20 years | 20 years | 20 years |
| Maximum Eligible Home Loan Amount to Qualify for Subsidy | Rs.6 lakh | Rs.6 lakh | Rs.9 lakh | Rs.12 lakh |
| Maximum Dwelling Unit Carpet Area | 30 sq. m | 60 sq. m | 160 sq. m | 200 sq. m |
| Maximum Interest Subsidy Amount | Rs.2.67 lakh | Rs.2.67 lakh | Rs.2.35 lakh | Rs.2.30 lakh |
| Discount Rate for NPV Calculation of Interest Subsidy | 9.00% | 9.00% | 9.00% | 9.00% |
Based on recent estimates, as of September 2016, the population of the urban dwellers in India increased at an alarming rate and is expected to see a greater rate of growth in the following years. It is said that by 2050, urban dwelling population will rise to 814 million people. The calculation predicted is almost twice the number that already reside in urban areas. The major challenges also include providing people with housing options that are affordable and other major related concerns such as sanitation along with sustainable development. The Ministry also has to ensure a sustainable and safe environment for the urban population.
This scheme launch is intended to target urban areas of the following options to States or Union Territories as well as cities as mention earlier.
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.
Before you fill the PMAY Scheme application, make sure that you have checked your eligibility and your name is listed in the beneficiary list. You can check if you are eligible by submitting your BPL certificates to the lending institution and they will notify you if you are eligible to apply for PM Awas Yojana scheme. Alternatively, you can also check the list of beneficiaries online by visiting the official website. The list of beneficiaries available in the website is periodically updated. Make sure you check the recent list.
The online application process to apply for PMAY Scheme is very simple, convenient, and saves a lot of time. Make sure you have your savings bank account details and your household income details when you are applying for Pradhan Mantri Awas Yojana online.
How to Edit Your Details After Submitting Application for PMAYThe PMAY Scheme will be executed in three phases. Refer to the below tables for more details:
| Stage | Phase 1 | Phase 2 | Phase 3 |
| Start date | 04/01/15 | 04/01/17 | 04/01/19 |
| End date | 03/01/17 | 03/01/19 | 03/01/22 |
| Cities covered | 100 | 200 | Remaining cities |
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.
PM Awas Yojana Technology Sub Mission will cover following:
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.
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 | |
| Andaman and Nicobar Islands | Union Territory of Andaman and Nicobar Islands | Municipal Council, Port Blair - 744101 | jspwdud@gmail.com |
| Andhra Pradesh | Andhra Pradesh State Housing Corporation Limited | Andhra Pradesh State Housing Corporation Limited, Himayat Nagar, Hyderabad - 500029 | apshcl.ed@gmail.com |
| Andhra Pradesh | Andhra Pradesh Township Infrastructure Development Corporation Limited | Flat number 502, Vijaya Lakshmi Residency, Gunadala, Vijayawada - 520004 | aptsidco@gmail.com mdswachchandhra@gmail.com |
| Arunachal Pradesh | Government of Arunachal Pradesh | Department of Urban Development and Housing, Mob-II, Itanagar | chiefengineercumdir2009@yahoo.com cecumdirector@udarunachal.in |
| Assam | Government of Assam | Block A, Room no. 219, Assam Secretariat, Dispur, Guwahati - 781006 | directorcpassam@gmail.com |
| Bihar | Government of Bihar | Urban Development and Housing Department, Vikas Bhawan, Bailey road, New Secretariat, Patna, Bihar - 15 | sltcraybihar@gmail.com |
| Chandigarh | Chandigarh Housing Board | Sector 9-D, Chandigarh - 160017 | chb_chd@yahoo.com infor@chb.co.in |
| Chhattisgarh | Government of Chhattisgarh | Mahanadi Bhawan Mantralaya, Room No. S-1/4, Naya Raipur, Chhattisgarh | pmay.cg@gmail.com |
| Dadra and Nagar Haveli, and Daman and Diu | Union Territory of Dadra and Nagar Haveli, and Daman and Diu | Secretariat, Silvassa - 396220 | devcom-dd@nic.in |
| Dadra and Nagar Haveli | Union Territory of Dadra and Nagar Haveli | Secretariat, Silvassa - 396220 | pp_parmar@yahoo.com |
| Goa | Government of Goa | GSUDA, 6th Floor, Shram Shakti Bhavan, Patto - Panaji | gsuda.gsuda@yahoo.com |
| Gujarat | Government of Gujarat | Affordable Housing Mission, New Sachivalaya, Block No. 14/7, 7th floor, Gandhinagar - 382010 | gujarat.ahm@gmail.com mis.ahm2014@gmail.com |
| Haryana | State Urban Development Agency | Bays-11-14, Palika Bhawan, Sector-4, Panchkula, Haryana - 134112 | suda.haryana@yahoo.co.in |
| Himachal Pradesh | Directorate of Urban Development | Palika Bhawan, Talland, Shimla | ud-hp@nic.in |
| Jammu and Kashmir | Jammu and Kashmir Housing Board | Jkhousingboard@yahoo.com raysltcjkhb@gmail.com |
|
| Jharkhand | Urban Development Department | 3rd floor, Room No: 326, FFP Building, Dhurwa, Ranchi, Jharkhand - 834004 | jhsltcray@gmail.com director.ma.goj@gmail.com |
| Kerala | State Poverty Eradication Mission | TRIDA Building, Jn. Medical College, PO Thiruvananthapuram | uhmkerala@gmail.com |
| Madhya Pradesh | Urban Administration and Development, GoMP | Palika Bhawan, Shivaji Nagar, Bhopal - 462016 | addlcommuad@mpurban.gov.in, mohit.bundas@mpurban.gov.in |
| Maharashtra | Government of Maharashtra | Griha Nirman Bhawan, 4th Floor, Kalanagar, Bandra (East), Mumbai - 400051 | mhdirhfa@gmail.com, cemhadapmay@gmail.com |
| Manipur | Government of Manipur | Town Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal - 795001 | hfamanipur@gmail.com, tpmanipur@gmail.com |
| Meghalaya | Government of Meghalaya | Town Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal - 795001 | hfamanipur@gmail.com, tpmanipur@gmail.com |
| Mizoram | Urban Development & Poverty Alleviation, Government of Mizoram | Directorate of Urban Development and Poverty Alleviation, Thakthing Tlang, Aizawl, Mizoram - 796005 | hvlzara@gmail.com |
| Nagaland | Government of Nagaland | Municipal Affairs cell, A.G. Colony, Kohima - 797001 | zanbe07@yahoo.in |
| Odisha | Housing and Urban Development (H&UD) Department | 1st Floor, State Secretariat, Annex - B, Bhubaneswar - 751001 | ouhmodisha@gmail.com |
| Puducherry | Government of Puducherry | Town & Country Planning Deptt. Jawahar Nagar Boomianpet Puducherry - 605005 | tcppondy@gmail.com |
| Punjab | Punjab Urban Development Authority | PUDA Bhawan, Sector 62, SAS Nagar, Mohali, Punjab | office@puda.gov.in ca@puda.gov.in |
| Rajasthan | Rajasthan Urban Drinking Water, Sewerage & Infrastructure Corporation Ltd (RUDSICO) | 4-SA-24, Jawahar Nagar, Jaipur, Rajasthan | hfarajasthan2015@gmail.com |
| Sikkim | Government of Sikkim | Department of Urban Development and Housing, Government of Sikkim, NH 31A, Gangtok - 737102 | gurungdinker@gmail.com |
| Tamil Nadu | Government of Tamil Nadu | Tamil Nadu Slum Clearance Board, No.5 Kamarajar Salai, Chennai, Tamil Nadu - 600005 | raytnscb@gmail.com |
| Telangana | Government of Telangana | Commissioner and Director of Municipal Administration, 3rd Floor, AC Guards Public Health, Lakdikapool, Hyderabad | tsmepma@gmail.com |
| Tripura | Government of Tripura | Directorate Of Urban Development, Government of Tripura, Pandit Nehru Complex, Gorakha Basti, 3rd Floor, Khadya Bhawan, Agartala - 799006 | sipmiutripura@gmail.com |
| Uttarakhand | Directorate of Urban Development | State Urban Development Authority 85A, Motharawala Road, Ajabpur Kalan, Dehradun | pmayurbanuk@gmail.com |
| Karnataka | Government of Karnataka | 9th Floor, Vishweshwaraiah Towers, Dr.Ambedkar Veedhi, Bangalore - 560001 | dmaray2012@gmail.com |
| West Bengal | State Urban Development Authority | ILGUS Bhavan, Block HC Block, Sector 3, Bidhannagar, Kolkata - 700106 | wbsuda.hfa@gmail.com |
| Uttar Pradesh | State Urban Development Agency (SUDA) | Navchetana Kendra, 10, Ashok Marg, Lucknow - 226002 | hfaup1@gmail.com |
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.
2. I am a senior citizen and fall under the local income groups? While the PMAY scheme seems financially viable, as an elderly person I would prefer a housing in the Ground Floor. What should I do?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.
3. What does one mean by DBT? 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 installments, 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 4. Why will the Government Geo tag the properties under the PMAY housing project?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.
5. How long will the PMAY project last?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.
6. How Do I Find out whether my town or city is part of the first phase?Simply go online, and check for the list of cities in the the first Phase of the PLAY project.
7. Transgenders are also a part of the Indian society. As a transgender can I apply?Transgenders often belong to low income groups and economically challenged groups. As long as they also cover all the other eligibility requirements, such as documentation or a single applicant from a family, this demographic will not be ignored by this scheme. However if you are not in the income groups required by the schemes, you will not be eligible for the scheme.
8. What is the maximum annual income should I have to be eligible for PMAY?Your annual income should not be more than Rs. 18 lakhs. However, there are no lower limits for the PMAY income requirement.
9. Why would sustainable and eco-friendly technologies be used for construction in the housing projects under the PMAY? Are they not making it more expensive that way?Eco-friendly projects do not mean that the PMAY constructions will make the ultimate housing price expensive. It only means that it will ensure that the environment is not harmed in anyway. It is essential to ensure that people in the future and that too in the near future do not perish due to environmental hazards, considering that global warming is a real phenomenon and is hitting our country, more than we realize.
10. What is a Central Nodal Agency when we are talking about PMAY?These are basically nodal agencies that are identified by the Ministry or Government to function as bodies which implement Credit linked subsidy.
11. What does one mean, by carpet area in lieu with Pradhan Mantri Awas Yojana?Area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls
12. How does the housing project ensure that there is enough labour for construction for the housing under the PMAY in rural regions?The Mahatma Gandhi National Rural Employment Guarantee Act enables the Government to hire enough labour for construction of homes under PMAY in the rural regions. The beneficiaries under the P M Awas Yojana will have access to unskilled labour for 90 days through MGNREGA. Already 30,000 masons have been trained for the purpose as of September 2016.
13. What is FAR when it comes to PMAY?Let us take a look at the equation to quickly understand what FAR means:
These agencies comprise of any Urban Local Bodies, Housing Boards, Development Authorities, etc., unlike nodal agencies that have been picked by State Government or SLSMC for the purpose of implementing Housing for PMAY missions.
15. What is TDR or Transfer of Development Rights?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.
16. Who is the scheme for?Anyone who belongs to the economically weaker section of the society and does not own a ‘pucca’ house
17. Who is a beneficiary family?The individuals availing the benefit under the scheme are referred to as the beneficiary family
18. Is the scheme for non-resident Indians?Yes
19. Are there any further subsidies/discounts provided on this scheme?No
20. What is the term of the loan?20 years to avail subsidy. If extended, subsidized rates will not be applicable
21. Is it a must for a woman to own the property?Yes, it is so for lower income groups and economically weaker sections of society
22. Can this be availed in rural areas?No. The scope of the scheme is limited to urban areas.
23. Can I apply if I do not have an Aadhaar Card?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.
24. Do I have to pay for the registration?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.
25. What are the benefits of the scheme?CLSS offers an upfront subsidy at 6.5% for Economically Weaker Section (EWS) and Low Income Group (LIG) categories for loans up to Rs.6 lakh. For Middle Income Group-I (MIG-I), beneficiaries get an interest subsidy at 4% on home loans up to Rs.9 lakh. For beneficiaries in the Middle Income Group-II (MIG-II), an interest subsidy at 3% is offered on loans up to Rs.12 lakh
26. Are there criteria on household income?Yes, there is an income criterion exercised in choosing eligible beneficiaries under the scheme. The household income criteria are as follows:
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