The Pradhan Mantri Awas Yojana is a Government initiated scheme in India which aims to offer affordable housing for the weaker sections. Launched on 25th June 2015, PMAY targets to construct 2 Crore homes for the urban poor by 31st March, 2022 before the nation celebrates her 75th independence.
The government, in association with real estate builders, envisions the construction of affordable pucca houses by eco-friendly methods in selected cities. The CLSS or Credit Linked Subsidy Scheme under this flagship programme provides interest subsidies on home loans to build, purchase or renovate existing homes.
Once you apply for Pradhan Mantri Awas Yojana, you will receive an application reference number to check if your name is enlisted on the Pradhan Mantri Awas Yojana list 2018 - 2019. This list contains names of individuals whose applications have been accepted.
PMAY list is available in two different categories – urban and rural. Note that individuals under PMAY-Gramin (rural) category receive registration numbers on applying successfully. This number is needed while checking the PMAY-G list.
If you fall under the rural category, follow these steps below:
Step 1: Open the official website of PMAY-Gramin.
Step 2: Provide your registration number accurately and click on ‘Submit’.
Applicants can also check the beneficiary list without their registration number. Here are the steps to follow:
Step 1: Visit the official website of PMAY-Gramin.
Step 2: Ignore the registration number tab and click on the Advanced Search button.
Step 3: Fill up the form that appears with correct details.
Step 4: Proceed with the ‘Search’ option.
All the relevant details will appear if your name is present on the PMAY-G list.
If you fall under the urban category, follow the below steps:
Step 1: Visit the official site of PMAY.
Step 2: A ‘Search Beneficiary’ menu will appear before you. Click on the ‘Search by Name’ there.
Step 3: Provide the first three characters of your name.
Step 4: Click on the button ‘Show’, and the PM Awas Yojana list will appear.
Look for your name along with other relevant details on the PMAY list-Urban. These beneficiary charts are updated from time to time. So, do check the latest PMAY list 2018-19.
The government considers SECC 2011 to identify and choose the beneficiaries in the PM Awas Yojana list 2018 – 19. SECC 2011, or Socio Economic and Caste Census 2011, is the 1st paperless census (caste-based) conducted in India in 640 districts. Besides this, the government involves tehsils and panchayats in the decision-making of the final list.
The motto is to maintain transparency and provide these housing benefits to deserving applicants.
Candidates who meet the following PMAY eligibility criteria qualify to apply for this housing scheme.
Beneficiaries are permitted only to buy or construct a new residential property under this scheme.
Those applying for PMAY CLSS scheme which offers interest subsidy on home loans must meet the following criteria to qualify.
This category is eligible to get an interest subsidy of 6.5%.
Eligible candidates under MIG I can get a subsidy of 4% while those under MIG II can get a 3% subsidy.
Primarily, the following categories can enjoy all benefits of this housing scheme.
This entire process of PM Awas Yojana programme has now moved online, making it more transparent and convenient. Beneficiaries can easily check their application status and PMAY list from the programme’s official website.
As per estimates, lakhs of residential properties costing around Rs. 50 Lakh are still unsold in the metropolitan cities. Contrarily, there’s a shortage of around 2 Crore housing units for the urban poor and rural population. The PM Awas Yojana aims to bridge this gap. There are 4 prime aspects of this PMAY scheme:
The government of India has extended these benefits to ignored sections such as widows, transgender individuals and others.
During the FY-2019 Budget session on 1st February, the Finance Minister confirmed the construction of 1.53 Crore houses till date under this flagship scheme.
With Bajaj Finserv, you can enjoy a subsidised rate of interest on Home Loan under the PMAY scheme. Additionally, opt for the exclusive Flexi Loan facility which enables you to make multiple withdrawals from a pre-sanctioned amount and prepay at your convenience. Interests are only levied on the amount withdrawn and not on total principal, thus, reducing your EMIs almost by half.
Use the online Pradhan Mantri Awas Yojana eligibility Calculator offered by Bajaj Finserv to check your subsidy amount as per your eligible category.
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