Pradhan Mantri Awas Yojana Scheme: Documents Required, Eligibility & More

The Pradhan Mantri Awas Yojana (PMAY) is a housing initiative launched by the Government of India in 2015 with the aim of providing affordable housing to all citizens by 2022. The scheme targets the shortage of affordable housing in India, particularly in urban areas, by offering financial assistance to those who cannot afford their own home. Under the PMAY scheme, eligible beneficiaries can access interest subsidies on home loans and direct financial assistance for the construction of houses. 

This blog will delve into the PMAY scheme, its various components, eligibility criteria, and the application process for obtaining benefits.

What is PMAY Scheme?

Pradhan Mantri Awas Yojana (PMAY) is an initiative launched by the Indian government in 2015 to ensure that all citizens have access to affordable housing by 2022. The program aims to address the shortage of affordable housing in India, especially in urban areas, by providing financial assistance to those who cannot afford to buy a home.

• The PMAY program aims to provide affordable housing options to all citizens by 2022, the 75th year of India’s independence
• The program targets economically weaker sections (EWS), lower-income groups (LIG), and middle-income groups (MIG) in both urban and rural areas
• Eligible beneficiaries can receive subsidies on home loans, direct financial assistance for building houses, in-situ rehabilitation of slum dwellers, and credit-linked subsidies for the middle-income group
• The PMAY is implemented through a combination of central and state government funding, as well as private-sector participation
• The Pradhan Mantri Awas Yojana (PMAY) aims to provide housing assistance to economically weaker sections (EWS), lower-income groups (LIG), and middle-income groups (MIG) in urban and rural areas.
• The program offers subsidies on home loans, direct financial assistance for building houses, in-situ rehabilitation of slum dwellers, and credit-linked subsidies for the MIG.
• PMAY is implemented with funding from the central and state governments, as well as private sector involvement.

Also Read: Pradhan Mantri Awas Yojana Scheme Hindi

Types of Pradhan Mantri Awas Yojana

There are two sections of the PMAY scheme that focus on different areas:

1. Pradhan Mantri Awas Yojana Gramin (PMAY-G): Previously known as the Indira Awas Yojana, PMAY-G was renamed in 2016. It aims to provide affordable and accessible housing units to eligible beneficiaries in rural regions of India, excluding Chandigarh and Delhi. The scheme follows a cost-sharing model, with the Government of India and respective state governments sharing the development costs. The ratio is 60:40 for plain regions and 90:10 for North-Eastern and hilly regions.
2. Pradhan Mantri Awas Yojana Urban (PMAY-U): PMAY-U focuses on urban areas in India and includes 4,331 towns and cities. The scheme is implemented in three phases:
   • Phase 1: From April 2015 to March 2017, the government aimed to cover 100 cities across different states and union territories.
   • Phase 2: From April 2017 to March 2019, the government aimed to cover an additional 200 cities across different states and union territories.
   • Phase 3: The government aims to cover the remaining cities that were not included in Phase 1 and Phase 2 by December 2024. The objective is to achieve comprehensive coverage under PMAY-U.

What Are the Features of Pradhan Mantri Awas Yojana Scheme?

The PMAY scheme aims to provide affordable housing to economically weaker sections and low-income groups in India. Some key features of the scheme include:

I. Eligibility Criteria:

• The Pradhan Mantri Awas Yojana (PMAY) scheme is available to families with an annual income of up to INR 18 lakhs.
• To be eligible for the scheme, individuals must not own a permanent house in any part of India.

II. Benefits of the Scheme:

• The PMAY scheme provides financial assistance to eligible beneficiaries for the construction or improvement of their houses.
• Eligible beneficiaries can receive an interest subsidy of up to 6.5% on the loan amount for the construction of a new house.
• Eligible beneficiaries can receive an interest subsidy of up to 3% on the loan amount for the improvement of an existing house.

III. Implementation of the Scheme:

• The PMAY scheme is implemented through three verticals:
  • Pradhan Mantri Awas Yojana – Urban (PMAY-U) is implemented in urban areas and targets EWS (Economically Weaker Section) and LIG (Lower Income Group) households.
  • Pradhan Mantri Awas Yojana – Gramin (PMAY-G) is implemented in rural areas and targets households living in kutcha houses.
  • Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme (PMAY-CLSS) is implemented in both urban and rural areas and targets the middle-income group (MIG).

IV. Funding of the Scheme:

• The PMAY scheme is funded by the Government of India, state governments, and beneficiaries.
• The funding pattern for the scheme varies based on the vertical being implemented.

V. Monitoring and Evaluation of the Scheme:

• The PMAY scheme is monitored and evaluated by the Ministry of Housing and Urban Affairs (MoHUA) through the use of a web-based monitoring system called AwaasSoft.
• The monitoring system captures data on the progress of the scheme at the national, state, and district levels.

Subsidy Rates of Pradhan Mantri Awas Yojana (PMAY)

How to Get PMAY Interest Subsidy?

• Apply for a home loan from a recognized lending institution that offers the PMAY subsidy.
• If you meet the eligibility criteria, the lending institution will forward your application to the Central Nodal Agency.
• After verifying your eligibility and approving your application, the Central Nodal Agency will disburse the subsidy amount to the lending institution.
• The lending institution will then credit the subsidy amount to your loan account, reducing your total loan burden.
• Simply continue paying your regular EMIs towards the remaining loan amount and enjoy the benefits of the reduced interest subsidy.

Pradhan Mantri Awas Yojana (PMAY) Beneficiaries

Apart from the categories mentioned above, individuals belonging to SC, ST, and OBC categories, as well as women from the EWS and LIG income groups, are also eligible for the PMAY scheme.

Highlights of Pradhan Mantri Awas Yojana

Parameters of Pradhan Mantri Awas Yojana

What Are the Eligibility Criteria for Pradhan Mantri Awas Yojana?

Here are the eligibility criteria for Pradhan Mantri Awas Yojana:

• To be eligible for this housing program, the applicant must be a citizen of India.
• The applicant must not own a permanent house in their own name or in the name of any family member in any part of India.
• Home loans for renovation or extension of an existing property must be completed within 36 months from receiving the first loan instalment
• A woman’s name must appear on the deed or property papers, either as a sole proprietor or joint owner
• If there are no females in the family, this requirement can be waived
• The applicant’s annual income must not exceed the following limits:
  1. EWS (Economically Weaker Section): Up to INR 3 lakh per year
  2. LIG (Lower Income Group): INR 3 lakh to INR 6 lakh per year
  3. MIG (Middle Income Group) category I: INR 6 lakh to INR 12 lakh per year
  4. MIG (Middle Income Group) category II: INR 12 lakh to INR 18 lakh per year
• The applicant must not have received any other housing benefits from a government scheme.
• The applicant must be the head of the household and must not be over 60 years of age.

Note: These eligibility criteria are subject to change and may vary depending on the specific guidelines of the scheme in your state or union territory. It is always a good idea to check the latest guidelines on the official website of the Ministry of Housing and Urban Affairs or with the implementing agency in your area.

How to Apply for Pradhan Mantri Awas Yojana?

Here is how to apply for Pradhan Mantri Awas Yojana: 

• Go to the official PMAY website and click on the “Citizen Assessment” option under the “Menu” tab.
• Enter your Aadhaar number.
• Fill out the application form with all necessary information, including income details, personal details, bank account details, and more.
• Recheck all information before submitting the form.
• Obtain a unique application number after clicking the “save” option.
• Download the filled-in application form.
• Submit the form, along with any required documents, at a nearby CSC office or financial institution offering PMAY.

What Are the Documents Required For  Pradhan Mantri Awas Yojana?

The Pradhan Mantri Awas Yojana (PMAY) is a housing program initiated by the Government of India in 2015 with the goal of providing affordable housing options to lower-income groups and economically weaker sections of society. The specific documents required to apply for the PMAY scheme may differ based on the category of beneficiary and the location of the proposed housing project. However, the following documents may typically be required:

Pradhan Mantri Awas Yojana Documents: Address Proof for Business Entities

How to Check Pradhan Mantri Awas Yojana Application Status?

There are two ways to check the status of your application for the Pradhan Mantri Awas Yojana (PMAY) housing scheme in India. The first method is to use the Assessment ID, and another is to use the name, father’s name and mobile number. 

Status by Name, Father’s Name & Mobile Number

To check the status of your PMAY (Pradhan Mantri Awas Yojana) application, you can try the following steps:

• Visit the official PMAY website (http://pmaymis.gov.in/) and click on the “Citizen Assessment” tab.
• On the next page, select your state and district and enter your application ID or mobile number.
• Click on the “Search” button to view the status of your application.

Status Using Assessment ID

To check the status of your PMAY application, follow these steps:

• Go to the official PMAY website (http://pmaymis.gov.in/).
• Click on the “Citizen Assessment” tab.
• Select your state and district, and enter your application ID or mobile number.
• Click “Search” to view the status of your application.

What is the Objective of the Pradhan Mantri Awas Yojana Scheme?

Following are the objectives of the Pradhan Mantri Awas Yojana Scheme:

• Provide affordable housing options for urban and rural individuals who are economically disadvantaged, including those living in slums or inadequate housing.
• Enhance the quality of life for urban and rural individuals in need by offering safe and secure housing options.
• Encourage the construction of environmentally sustainable homes, such as those with rainwater harvesting and solar energy systems.
• Generate employment opportunities in the construction industry and related fields.
• Contribute to the economic growth of the country through the expansion of the construction industry and increased demand for building materials and related products.

State Level Nodal Agencies for Pradhan Mantri Awas Yojana (Urban)