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

PMAY

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)?

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.

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

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

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

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.

What are the Eligibility Criteria for Pradhan Mantri Awas Yojana?

Here are the eligibility criteria for Pradhan Mantri Awas Yojana:

  1. To be eligible for this housing program, the applicant must be a citizen of India.
  2. 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.
  3. Home loans for renovation or extension of an existing property must be completed within 36 months from receiving the first loan instalment
  4. A woman’s name must appear on the deed or property papers, either as a sole proprietor or joint owner
  5. If there are no females in the family, this requirement can be waived
  6. 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
  7. The applicant must not have received any other housing benefits from a government scheme.
  8. 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.

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:

Types of DocumentsSelf employedSalaried
Identity proofPassportDriving LicenseVoter CardAadhar CardGovt. issued ID card with photoVerified letter from a government official with a photographVoter CardVoter CardDriving LicenseAadhar CardPassportGovernment-issued ID card with photoVerified letter from a government official with a photograph
Address ProofPassportDriving LicenseVoter ID cardRation CardAadhar CardElectricity billUtility billTelephone billsBank Statements showing your addressCredit Card StatementsProperty tax paid receiptVerified letter from a government official with a photographBank Statement from post office saving accountCopy of the deal while purchasing the propertyDocuments issued by the government department of a foreign jurisdiction or a letter issued by any foreign embassySelf/Family Pension payments ordersLetter provided by your employer on a company letterheadCopy of Life Insurance Policy certificateLeave and license agreement from employers allocating official accommodationsNotarized Rent AgreementDriving LicensePassportVoter ID cardAadhar CardUtility billElectricity billTelephone billsRation CardSelf/Family Pension payments ordersLetter provided by your employer on a company letterheadBank Statement from post office saving accountBank Statements showing your addressCredit Card StatementsCopy of Life Insurance Policy certificateNotarized Rent AgreementLeave and license agreement from employers allocating official accommodationsProperty tax paid receiptCopy of the deal while purchasing the propertyVerified letter from a government official with a photographDocuments issued by the government department of a foreign jurisdiction or a letter issued by any foreign embassy
Income ProofBalance sheet and profit and loss statementLast six months statement of your current accountIncome tax returns for the past two yearsPrevious 6 months bank statementPrevious 2 months salary slipLatest Form 16/ITR
Property documents Copy of the Allotment LetterCopy of Agreement to SaleCopy of complete chain property documentsCopy of Receipt of paymentCopy of the Allotment LetterCopy of complete chain property documentsCopy of Agreement to SaleCopy of Receipt of payment

Pradhan Mantri Awas Yojana Documents: Address Proof for Business Entities

Types of documentsBusiness/Commercial Entities
Address Proof DocumentsPAN CardTrade License CertificateShops & Establishment CertificateSSI Registration CertificateFactory Registration CertificateVAT Registration CertificateSales TaxExport-Import Code CertificateProfessional qualification CertificateDegree Certificate for ProfessionalsSEBI Registration CertificateRegistration No issued by ROCPartnership DeedMemorandum of Association (MOA)Loan repayment documents along with 6 months repayment bank statements (in case of active loans)

How to Apply for Pradhan Mantri Awas Yojana?

Here is how to apply for Pradhan Mantri Awas Yojana

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

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:

  1. Visit the official PMAY website (http://pmaymis.gov.in/) and click on the “Citizen Assessment” tab.
  2. On the next page, select your state and district and enter your application ID or mobile number.
  3. 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:

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

Read More: Pradhan Mantri Suraksha Bima Yojana Vs Pradhan Mantri Jeevan Jyoti Bima Yojana

FAQs

What is PMAY?

The Pradhan Mantri Awas Yojana (PMAY) is a government program in India that provides affordable housing, mainly to lower-income groups and economically weaker sections. It includes a subsidy scheme for home loans and aims to provide “Housing for All”.

How do I apply for PMAY?

To apply for PMAY, go to the official website and click on the “Citizen Assessment” option. Enter your Aadhaar number and fill out the application form with all the necessary information. Double-check all the information before submitting the form. After clicking the “save” option, you will receive a unique application number. Download the completed form and submit it with any required documents at a CSC office or financial institution that offers PMAY.

What are the eligibility criteria for PMAY?

To be eligible for PMAY, you must be a citizen of India, not own a permanent house, and have a woman’s name on the deed or property papers. Your annual income must not exceed certain limits and you must not have received other housing benefits. You must also be the head of the household and not be over 60 years old. Home loans for renovation or extension must be completed within 36 months of receiving the first loan instalment.

How much subsidy can I get through PMAY?

The amount of subsidy you can receive through the Pradhan Mantri Awas Yojana (PMAY) depends on several factors, including your income group and the type of house you want to purchase or build.

Is PMAY only for first-time home buyers?

PMAY is a housing scheme launched by the Government of India in 2015, with the goal of providing affordable housing to all citizens of India. The scheme provides financial assistance to eligible beneficiaries to purchase or construct a house.

Can I apply for PMAY if I already own a home?

PMAY (Pradhan Mantri Awas Yojana) is a government scheme that offers financial assistance to individuals for purchasing or constructing a house. Depending on their specific circumstances, both first-time home buyers and existing homeowners may be eligible for the scheme. It is possible to apply for PMAY even if you own a home.
0 Shares: