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Pradhan Mantri Awas Yojana is a social welfare flagship programme of the Indian Government. It was launched by our honourable Prime Minister Shri Narendra Modi in 2015.
  1. What is Pradhan Mantri Awas Yojana?
  2. Components of PMAY
  3. How to Apply for PMAY?
  4. Frequently Asked Questions

1. What is Pradhan Mantri Awas Yojana?

Pradhan Mantri Awas Yojana was launched with the aim to provide housing at an affordable price to the weaker sections of the society, lower income group people, urban poor, and rural poor. The Yojana involves a construction of around 20 million houses at an affordable price by March 31, 2022. The scheme is getting financial assistance of USD 31 billion from the Central Government. Pradhan Mantri Awas Yojana  has two components:
  1.  Pradhan Mantri Awas Yojana –Urban (PMAY-U)
  2. Pradhan Mantri Awas Yojana – Gramin (PMAY-G)
The scheme is also linked with other schemes like:
  1. Swachh Bharat Abhiyan which aims at reducing open defecation by constructing in-house toilets and community-owned toilets and aims to maintain cleanliness around the streets, roads, and houses
  2. Saubhagya Yojana which aims at providing electricity connection
  3. Ujjwala Yojana which aims at providing LPG Gas connection
  4. Accessibility of pure drinking water
  5. Pradhan Mantri Jan Dhan Yojana which aims at opening a zero balance account and spreading banking facilities to each and every person in the society.
 

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2. Components of PMAY

The Pradhan Mantri Awas Yojana has 4 major components:
    1. In-Situ Redevelopment of slums using land as a resource, with the participation of the private sector. This mission aims at leveraging the potential of land under slum areas and providing formal urban establishments to slum dwellers.
    2. . Credit Linked Subsidy –  Under this scheme, the government will provide an interest subsidy of 6.5% on housing loans for 15 years from the start of the loan, which will make housing affordable. The Net Present Value (NPV) of the interest subsidy will be calculated at a discount rate of 9%. The loan amount of Rs 6 lakhs is only applicable for the credit-linked subsidy scheme and any amount beyond Rs 6 lakh does not attract any subsidy. The lending institutions will directly credit the interest subsidy to the beneficiaries’ accounts which will result in reduced Equated Monthly Installment (EMI) and reduced housing loan amount.
 
    1. Affordable Housing in Partnership (AHP) –  In partnership with the Public and Private sector, affordable housing will be provided to the economically weaker sections. The States or Union Territories, either with different agencies or in partnership with different industries can plan affordable housing projects.
 
    1. Enhancement and construction of beneficiary led house –  Under this component, the beneficiaries who are not able to avail the advantages of the above three components will be benefited. This mission provides assistance to families of EWS category to construct new houses or enhance the existing houses on their own to cover the beneficiaries. Under this mission, families will get a central assistance of Rs 1.50 lakh to enhance their existing houses or construct new houses. Under the PMAY, the houses will be constructed with eco-friendly technology and preference will be given to old and disabled while allotting ground floors.
 

3. How to Apply for PMAY?

PMAY can be applied to two categories:
    1. Under 3 components: The economically weaker sections, which include Low-Income Groups (LIG), Middle-Income Groups (MIG) and EWS, are considered as beneficiaries for the ‘Housing for All Scheme’. EWS have an annual income cap of Rs 3 lakh, LIGs have a cap of Rs 3 to 6 lakh, and MIGs have a cap of Rs 6 to 18 lakh.
 
    1. Slum Dwellers– These include people living in poorly built residences which are unhygienic and have unhealthy drinking water and sanitation facilities.
 

Steps to log in:

Step 1: Log on to the Pradhan Mantri Awas Yojana official website at  https://pmaymis.gov.in/ Step 2: Under the citizen assessment drop-down, select the benefits under three components as shown below   PMAY-1-300x144 Step 3: Enter Aadhaar details to proceed (mandatory for enrolling in PMAY)   PMAY-2-300x144 Step 4: After filling in the Aadhar details, you will be redirected to the application form stage where you will have to fill in the details accurately. PMAY-3-300x145     Step 5: Once this is done,  click on ‘Save’ and enter the Captcha code.   PMAY-4-300x121 Step 6: Next, click on  ‘Save’. The application is now complete and a print out can be taken at this stage.

4. Frequently Asked Questions

Q: Who all can avail the benefits of the PMAY scheme? A: Any Indian citizen who belongs to the EWS, LIG, or MIG category can avail the benefits of this scheme. Q: Can a person apply twice? A: No, since your account is linked with your Aadhar Card, you would not be able to apply twice. Q: Is there any registration fee for this scheme? A: If you are applying through the online portal, there will be no charges. If you apply offline, you will have to pay a registration fee of Rs. 25 plus GST.

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