The Pradhan Mantri Awas Yojana (PMAY) is a flagship housing credit-linked subsidy scheme launched by the Authorities of India in 2015 to supply reasonably priced housing to the economically weaker sections and lower-income teams of the nation.
The Pradhan Mantri Awas Yojana (Urban) Mission, launched on June 25, 2015, offers Central Help to the implementing businesses by way of States and Union Territories (UTs) and Central Nodal Companies (CNAs) for offering homes to all eligible households and beneficiaries in opposition to the validated demand for homes of about 1.12 crore.
Below the PMAY-U, the utmost carpet space for homes constructed for the Economically Weaker Part (EWS) is 30 sq. m. Nevertheless, states and union territories have the pliability to extend this dimension in session with and approval from the Ministry of Housing and City Affairs.
A key function of PMAY-U is its give attention to empowering girls within the EWS and LIG classes. Not like earlier housing schemes, PMAY-U mandates that the home be owned or co-owned by the feminine head of the beneficiary household.
PMAY has two parts: one for city areas (PMAY-U) and one other for rural areas (PMAY-G or PMAY-R). PMAY-U caters to the housing wants of the city poor, whereas PMAY-G/R addresses the necessities of the agricultural poor.
Pradhan Mantri Awas Yojana (#PMAY) – Guaranteeing Housing for All!🏠🇮🇳
🔷Whole 4.21 crore homes accomplished for eligible poor households in final 10 years
🔷Help to assemble extra 3 crore rural & city homes underneath PMAY#CabinetDecision@PMOIndia @MoHUA_India @PIB_India… pic.twitter.com/FgsivepHBI
— Ministry of Info and Broadcasting (@MIB_India) June 10, 2024
Just lately, in a submit on X, PM Modi introduced that the primary determination by the newly shaped Cabinet is a big step in the direction of selling dignified life and ease of residing for crores of countrymen. “Our authorities has right now determined to broaden the Pradhan Mantri Awas Yojana and construct 3 crore new homes in villages and cities. This determination additionally displays our dedication to creating the residing requirements of the individuals simpler. This is not going to solely fulfil the necessity of individuals for homes however may also present them with a high quality life. The enlargement of PMAY additionally brings out our willpower for the event of all and social justice (Sabka Vikas aur Samaj Kalyan),” he stated. Right here is all you should know in regards to the scheme.
In his first Cupboard assembly of the third time period, Prime Minister Narendra Modi authorized support for constructing 3 crore homes in rural and concrete areas underneath the PMAY-Pradhan Mantri Awas Yojana. (PTI)
Eligibility standards for PMAY:
To be eligible for the PMAY scheme, the next standards have to be met:
- The beneficiary household mustn’t personal a pucca home (an all-weather dwelling unit) both of their identify or within the identify of any member of their household anyplace in India.
- The beneficiary household mustn’t have availed of any central help underneath any housing scheme from the Authorities of India or the State Authorities.
- The beneficiary household mustn’t have availed of any PMAY-Credit score-Linked Subsidy Scheme (CLSS) subsidy from any of the first lending establishments (PLIs).
The scheme is additional divided into totally different revenue classes, with particular eligibility standards and advantages for every:
- Economically Weaker Part (EWS): annual revenue as much as ₹3 lakh, home dimension as much as 30 sq. m.
- Decrease Earnings Group (LIG): annual revenue between ₹3 lakh and ₹6 lakh, home dimension as much as 60 sq. m.
- Center Earnings Group I (MIG I): annual revenue between ₹6 lakh and ₹12 lakh, home dimension as much as 160 sq. m.
- Center Earnings Group II (MIG II): annual revenue between ₹12 lakh and ₹18 lakh, home dimension as much as 200 sq. m.
Paperwork required for PMAY:
The next paperwork are required to use for the PMAY scheme:
For Salaried Candidates:
- Id proof: Aadhaar card, PAN card, voter ID, passport, driving license, and so forth.
- Handle proof: voter ID, passport, utility payments, and so forth.
- Earnings proof: Final 6 months’ financial institution statements, wage slips, Kind 16, ITR, and so forth.
- Property-related paperwork: allotment letter, property settlement, possession letter, and so forth.
- Proof of class (if relevant): SC/ST/OBC/Minority certificates
- Consent type for Aadhaar-linked checking account for Direct Profit Switch (DBT)
For self-employed candidates:
- Id proof: Aadhaar card, PAN card, passport, driving license, and so forth.
- Handle proof: Aadhaar card, voter card, financial institution statements, LIC/life insurance coverage coverage, passport, and so forth.
- Earnings proof: agency/manufacturing unit institution certificates, commerce license, SEBI certificates, SSI registration, PAN card, VAT registration, gross sales tax and deed receipt, manufacturing unit registration certificates, partnership deed, and so forth.
- Property-related paperwork: allotment letter, full chain of property, fee receipt, sale settlement, and so forth.
- Proof of class (if relevant): SC/ST/OBC/Minority certificates
- Consent type for Aadhaar-linked checking account for Direct Profit Switch (DBT)
Utility course of for PMAY:
The appliance course of for the PMAY scheme varies barely between the city and rural classes, however the normal steps are as follows:
- Establish your eligibility class (EWS, LIG, MIG I, or MIG II).
- Go to the official PMAY web site (pmaymis.gov.in) and click on on the “Citizen Evaluation” choice.
- Choose the suitable class and enter your Aadhaar particulars.
- Fill out the net utility type and submit it together with the required paperwork.
- Observe the standing of your utility on the PMAY web site.
As soon as the applying is authorized, the beneficiary can avail of the advantages of the PMAY scheme, which embody a subsidy on residence loans, help for the development or enhancement of their home, and entry to reasonably priced housing models.