How to apply for PMAY?
Pradhan Mantri Awas Yojana is a government initiative launched in 2015, which aims to provide affordable housing for first-time homeowners. Among its provisions, it offers an interest subsidy on a housing loan to eligible candidates who belong to the economically weaker, low-income, and mid-income groups. You can apply or register for this scheme online, via the website, or offline, by visiting a Common Service Centre.
PMAY aims to build over 2 million pucca homes, replete with basic amenities like gas, electricity, and water by 2022. The program is divided into two sections, PMAY Urban (PMAY - U) and PMAY Gramin (PMAY - G) that benefit the urban and rural populations, respectively. For a detailed breakdown of the scheme, the eligibility criteria, the application procedures, and more, read on.
How to apply for Pradhan Mantri Awas Yojana online?
If you qualify for PMAY and are wondering how to apply for PMAY online, follow this step-by-step guide below.
- Identify the category under which you qualify for PMAY.
- Then visit the official website.
- Click on ‘Citizen Assessment’ under the main menu and select the applicant category.
- You will be redirected to a different page where you must enter your Aadhaar details.
- Fill out the online PMAY application with your personal, income, and bank account details, and current residential address.
- Enter the captcha code, verify the details for accuracy, and submit it.
You can track the application status later by clicking on 'Track your Assessment Status' under 'Citizen Assessment'.
What is the Pradhan Mantri Awas Yojana & PMAY List?
PMAY is a housing scheme and it consists of the following four components.
- In-Situ Redevelopment: The government aims to redevelop land under current slum dwellings, providing urban slum dwellers with better constructed homes that have proper sanitation facilities. A grant of Rs. 1 lakh is also available to those who are eligible to improve their homes.
- Credit Linked Subsidy Scheme (CLSS): The government provides an interest subsidy of up to 6.50% on home loans offered via multiple banks and financial institutions, reducing the interest outgo and overall cost of the loan for first-time homeowners.
- Affordable Housing in Partnership: State governments in partnership with public or private developers will construct affordable housing for all beneficiaries, but with the focus on economically weaker sections of the society.
- Enhancement and construction of beneficiary-led houses: Eligible candidates that are exempt from the above-mentioned components will be granted financial assistance of Rs. 1.5 lakh from the central government to either rebuild their existing house or construct a new one.
To avail these benefits, you must apply for the PMAY scheme. On successfully applying, you will be allotted a unique application number, which you can use to check if your name is mentioned in the Pradhan Mantri Awas Yojana list. The PMAY list contains the names of eligible candidates whose applications have been accepted.
What are the eligibility criteria for PMAY?
Before learning how to apply for Pradhan Mantri Awas Yojana, you must meet its eligibility criteria, which are split into 4 main income categories.
- Economically Weaker Section (EWS): Your family’s annual income should not be more than Rs. 3 lakhs
- Lower Income Group (LIG): Your annual household income is between Rs. 3 lakh and Rs. 6 lakhs
- Middle Income Group I (MIG I): Your annual household income ranges from Rs. 6 lakhs to Rs. 12 lakhs
- Middle Income Group II (MIG II): Your family’s annual income is above Rs. 12 lakh and below Rs. 18 lakhs
Additionally, you or your family members must not own a pucca house anywhere in the country or receive the benefit of any other government housing schemes.
How slum dwellers can apply for PM Awas Yojana online:
Here is how you can apply for PMAY online as a slum dweller:
- Visit the official Pradhan Mantri Awas Yojana website at pmaymis.gov.in.
- Opt for the 'For Slum Dwellers' choice from the 'Citizen Assessment' dropdown.
- Input your Aadhaar number and proceed by selecting the submit option. (The website will validate the accuracy of the provided Aadhaar details).
- Upon successful validation, you will be directed to the subsequent page where you must furnish all relevant information including your name, income, number of family members, residential address, contact number, head of the family's age, religion, caste, and similar details.
- After supplying all required information, scroll down, enter the captcha code, and conclude by clicking the submit button.
How can you register for Pradhan Mantri Awas Yojana offline?
If you are unable to apply online and wondering how to apply, PM Awas Yojana also supports an offline application. Simply visit a state government-run Common Service Centre and fill up the application form and pay Rs. 25 plus GST. Do note that no private centres or banks can accept offline PMAY applications.
What are the steps to apply for PMAY under the slum dwellers category?
To access PMAY benefits under the Slum Dweller category, follow the steps given below.
- Go to the official PMAY website.
- Select the ‘For Slum Dwellers’ option from the ‘Citizen Assessment’ dropdown list.
- Provide your Aadhaar Card number and then click on ‘Submit’.
- Enter accurate information such as your name, address and employment details.
- Fill in the captcha code and click on ‘Submit’.
What are the steps to apply for the PMAY subsidy under the ‘Other 3 components’ category?
If you qualify for PMAY under any of the three categories of EWS, LIG or MIG (I and II), follow the steps given below.
- 1 Log on to the official PMAY website and select the ‘Benefit Under Other 3 Components’ option from the ‘Citizen Assessment’ tab
- 2 Enter your Aadhaar number and click on the ‘Submit’ button
- 3 Post verification, you will be directed to a page where you need to fill out the required information regarding your age, employment and family
- 4 On filling every required field, enter the captcha code and click on ‘Submit'
With a clearer understanding of the Pradhan Mantri Awas Yojana scheme, how to apply for it, and eligibility criteria, be sure to opt for Bajaj Finserv Home Loan to enjoy its benefits.
As a beneficiary, you can get the interest subsidy of up to Rs. 2.67 lakh under the CLSS component and gain access to a high-value sanction on offer. Further, you can easily repay this loan over a flexible tenor of up to 30 years, thus helping you keep your EMIs pocket friendly.
Disclaimer:
The validity of the PMAY scheme has not been extended.
- The EWS/ LIG schemes have been discontinued w.e.f. March 31, 2022
- The MIG schemes (MIG I and MIG II) have been discontinued w.e.f. March 31, 2021
Who is eligible for PMAY property?
The eligibility criteria for the Pradhan Mantri Awas Yojana (PMAY) may vary depending on the specific component of the scheme. The common eligibility criteria include various income categories:
Economically Weaker Section (EWS): For individuals or families with an annual household income of up to Rs. 3 lakh.
Lower Income Group (LIG): For individuals or families with an annual household income between Rs. 3 lakh and Rs. 6 lakh.
Middle Income Group I (MIG I): For individuals or families with an annual household income between Rs. 6 lakh and Rs. 12 lakh.
Middle Income Group II (MIG II): For individuals or families with an annual household income between Rs. 12 lakh and Rs. 18 lakh.
Additionally, certain social categories such as Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBCs), and women belonging to EWS/LIG categories are also eligible. Furthermore, beneficiaries under other government housing schemes may also qualify.
Is PMAY applicable for house purchase?
The Pradhan Mantri Awas Yojana (PMAY) scheme allows house purchase through PMAY-CLSS (Credit Linked Subsidy Scheme). Eligible beneficiaries get interest subsidies on home loans for buying or constructing a new house. Income categories covered are EWS, LIG, MIG I, and MIG II. Subsidy amounts vary based on income. The aim is to make homeownership affordable for economically weaker sections. Apply through approved lenders, meet eligibility criteria, and provide required documents for the subsidy.
What are the rules of PMAY?
The Pradhan Mantri Awas Yojana (PMAY) has several rules and guidelines that applicants must follow. Here are some of the key rules:
Income criteria: PMAY has specific income criteria for different categories. The eligibility is based on the annual household income of the applicant and their family members. The income categories are Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group I (MIG I), and Middle Income Group II (MIG II).
Property ownership: The beneficiary or any member of the family should not own a pucca house (a house with a roof) anywhere in India to be eligible for PMAY.
Application procedure: Interested applicants must apply through authorized channels and submit necessary documents to prove their eligibility.
Validity period: The PMAY scheme has a defined validity period, and applicants must apply within this period to avail of the benefits.
Interest subsidy: Under PMAY-CLSS, eligible beneficiaries can avail of interest subsidies on home loans for buying or constructing a new house. The amount of subsidy varies based on the income category.
Loan amount: The loan amount sanctioned for the house purchase or construction should not exceed the maximum limit defined by the scheme.
Property location: PMAY has both urban and rural components, and the location of the property can impact the eligibility and benefits available.
Carpet area limit: The carpet area of the house being purchased or constructed should be within the defined limits based on the income category.
Co-ownership: Married couples can apply for PMAY together to avail of the subsidy if they meet the eligibility criteria.
Aadhaar linkage: The applicant and co-applicants must have a valid Aadhaar card, as it is mandatory for PMAY application.
Frequently asked questions
The eligibility criteria for PMAY property vary depending on the specific components of the scheme. Here are the general eligibility criteria for PMAY based on income groups:
EWS and LIG: Household income up to Rs. 6 lakh per year, no existing pucca house.
MIG-I: Income between Rs. 6 lakh and Rs. 12 lakh, no pucca house.
MIG-II: Income between Rs. 12 lakh and Rs. 18 lakh, no pucca house.
Rural: Female-led household or joint ownership, no pucca house.
You can also check the latest criteria on the official PMAY site for updates.
Yes, the Pradhan Mantri Awas Yojana (PMAY) does offer benefits for house purchase under certain conditions. The scheme has both urban and rural components, each with its own set of guidelines.
1. Urban CLSS: Subsidized home loans for eligible income groups.
- No existing pucca house.
- Property in specified urban areas.
2. Rural component: Assist with house construction or upgrades.
- Female-led or joint ownership.
- Rural areas.
For the latest details, visit the official PMAY site.
While the scheme has different components for urban and rural areas, here are some of the general rules and guidelines that apply to PMAY:
Urban (CLSS):
- Income-based categories (EWS, LIG, MIG).
- Subsidized home loan interest.
- No existing pucca house.
- Property in specified urban areas.
Rural:
- Financial aid for house construction/upgrades.
- Female-led or joint ownership.
- Rural areas.
For the latest details, visit the official PMAY site.
In August 2022, the Union Cabinet granted approval for the extension of PMAY-U until December 31, 2024, encompassing all verticals except CLSS. This extension aims to facilitate the completion of previously sanctioned houses by March 31, 2022.
