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. PMAY promises to build over 2 million pucca homes replete with basic amenities like gas, electricity and water by 2022. Additionally, it offers interest subsidies on housing loans to eligible candidates who belong to the economically weaker, low-income and mid-income groups. The program is divided into two sections, PMAY Urban (PMAY - U) and PMAY Gramin (PMAY - G) that benefit the urban and rural population, respectively.
Read on to know various aspects of Pradhan Mantri Awas Yojana, eligibility criteria, how to apply for PMAY and more.
What is the Pradhan Mantri Awas Yojana & PMAY List?
The PMAY scheme 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): Here, 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 a financial assistance of Rs.1.5 lakh from the central government to either rebuilt their existing house or construct a new one.
To avail of these benefits, you have to apply for the PMAY scheme. On making a successful application, 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 application have been accepted.
What are the eligibility criteria for PMAY?
Before knowing how to apply for Pradhan Mantri Awas Yojana, see if you meet its eligibility criteria. You are eligible for PMAY if your annual income belongs to the following 4 groups.
- Economically Weaker Section (EWS): Your family’s annual income should not be more than Rs.3 lakh
- Lower Income Group (LIG): Your annual household income is between Rs.3 lakh and Rs.6 lakh
- Middle Income Group I (MIG I): Your annual household income ranges from Rs.6 lakh to Rs. 12 lakh
- Middle Income Group II (MIG II): Your family’s annual income is above Rs.12 lakh but below Rs.18 lakh.
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 to apply for Pradhan Mantri Awas Yojana online?
If you qualify for PMAY and are wondering how to apply for PMAY online, follow the step-by-step guide below.
- Identify the category under which you qualify for PMAY.
- Then visit the official website: http://pmaymis.gov.in.
- 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 on by clicking on 'Track your Assessment Status' under 'Citizen Assessment'.
How to 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 for just Rs.25 plus GST. Do note that no private centres or banks are allowed to accept offline PMAY applications.
How 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’.
- On successful verification, you will be directed to the next page, where you need to provide accurate information about yourself like name, address and employment details.
- Once you are done filling up the required fields, fill in the captcha code and click on ‘Submit’.
That’s all it takes!
How to apply for 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.
- Log on to the official PMAY website and select the ‘Benefit Under Other 3 Components’ option from the ‘Citizen Assessment’ tab.
- Then enter your Aadhaar number and click on the ‘Submit’ button.
- Post verification, you will be directed to a page where you need to fill out the required information regarding your age, employment and family.
- On filling every required field, enter the captcha code and click on ‘Submit.’
Now that you have detailed information about the Pradhan Mantri Awas Yojana, how to apply for it, and its benefits and eligibility criteria, consider taking a Home Loan from Bajaj Finserv to enjoy the interest subsidy under this scheme. Here, you stand a chance to save up to Rs.2.67 lakh on your interest outgo as a PMAY beneficiary, while gaining access to a high loan amount of up to Rs.3.5 crore. Further, you can easily repay this loan over a flexible tenor of up to 20 years helping you keep your EMIs pocket-friendly. To expedite the process and enjoy instant financing, check your pre-approved offer from Bajaj Finserv.
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