Pradhan Mantri Awas Yojana 2024:- The Pradhan Mantri Awas Yojana (PMAY) is a home loan scheme initiated by the Government of India, launched in June 2015. This scheme aims to provide affordable housing to the country’s economically weaker sections, low-income groups, and middle-income groups. Under PMAY, subsidies are offered to these families to help them build or purchase homes. Recently, the government has updated the eligibility criteria for PMAY.
If you are interested in building your home under the Pradhan Mantri Awas Yojana, it is essential to have a thorough understanding of the scheme. This article will provide detailed information about the eligibility criteria, benefits, and application process for PMAY. To learn more about the scheme, please read this article in full.
Pradhan Mantri Awas Yojana
Main Contents
The Pradhan Mantri Awas Yojana (PMAY) was initiated to address the increasing gap between housing demand and supply in urban areas. This scheme facilitates the rehabilitation of slum dwellers with the assistance of private developers and promotes affordable housing for the poor through the Credit Linked Subsidy Scheme (CLSS). Under PMAY, the government provides a subsidy for house construction, which is directly transferred to the beneficiary’s bank account.
The primary objective of PMAY is to offer low-cost housing to every poor individual. The Union Cabinet has extended the implementation period of Pradhan Mantri Awas Yojana Urban, excluding the Credit Linked Subsidy Scheme, until December 31, 2024. Additionally, the total target for constructing permanent houses has been revised to 295 crore.
PM Awas Yojana Overview 2024
| Name of the Scheme | Pradhan Mantri Awas Yojana (PMAY) |
| Started by | Honorable Prime Minister Narendra Modi |
| Beneficiary Citizens | All citizens of the country |
| Objective | To provide affordable housing to Poor & lower class people |
| Date of application | Until December 31, 2024 |
| Category | Sarkari Yojana |
| Official Website | https://pmaymis.gov.in/ |
PM Awas Scheme Benefits & Features
- Through the Pradhan Mantri Awas Yojana (PMAY), the Government of India offers a subsidy of Rs 1 lakh per house for slum rehabilitation. Beneficiaries also receive an interest subsidy of up to 6.5% on housing loans. This interest subsidy is applicable for a maximum loan tenure of 20 years or the tenure specified by the applicant, whichever is shorter. The subsidy amount is directly transferred to the beneficiary’s bank account by the government.
- PMAY provides affordable housing opportunities to individuals from poor and economically weaker sections. In addition to subsidies, financial assistance is available for house construction and purchase. This scheme is particularly important for those who do not own a home yet. Women receive special priority under PMAY, enabling them to become homeowners and lead empowered lives in society.
- The scheme also extends to rural areas, ensuring housing facilities are available across the country. Special measures are implemented for constructing houses in disaster-affected regions, ensuring safety during calamities. Notably, there is no limit on the loan amount or property value under the Pradhan Mantri Awas Yojana.
What amount of housing subsidy will be provided by the government?
In the state, two lakh eligible beneficiaries have been approved for the PM Awas Yojana. Beneficiaries have been selected in all districts, and the first installment of Rs. 30,000 has been distributed for housing construction. The Rural Development Department has allocated Rs. 550 crores for this purpose in the first installment. The government will disburse funding in four installments, with each beneficiary receiving a total grant of Rs. 2 lakh under this scheme.
Beneficiaries Of Pm Awas Yojana
| Beneficiary | Annual Income |
| Middle Income Group I (MIG I) | Rs.6 lakh to Rs.12 lakh |
| Middle Income Group I (MIG II | Rs.12 lakh to Rs.18 lakh |
| Lower Income Group (LIG) | Rs.3 lakh to Rs.6 lakh |
| Economically Weaker Section (EWS) | Up to Rs.3 lakh |
Kisan Credit Card (KCC) Scheme
Eligibility Criteria for Pradhan Mantri Awas Yojana
To be eligible for the Pradhan Mantri Awas Yojana (PMAY), the applicant must meet the following criteria:
- Must be a citizen of India.
- The beneficiary family should not own a permanent house.
- Should not be availing benefits from any other housing scheme of the Government of India or State Government.
- For Economically Weaker Section (EWS), the annual income should not exceed Rs 6 lakh.
- For Low-Income Group (LIG), the annual income should be more than Rs 6 lakh but less than Rs 12 lakh.
- For Middle-Income Group I (MIG-I), the annual income should be between Rs 12 lakh and Rs 18 lakh.
- For Middle-Income Group II (MIG-II), the annual income should not exceed Rs 18 lakh.
Required Documents
- Aadhar card
- Address proof
- income certificate
- age certificate
- mobile number
- bank passbook
- passport size photo
How to Check Pradhan Mantri Awas Yojana Online 2024?
To apply online for the Pradhan Mantri Awas Yojana (PMAY), follow these steps:
- Visit the official Pradhan Mantri Awas Yojana website https://pmaymis.gov.in/.
- The homepage of the website will appear.
- On the homepage, click on the “Citizen Assessment” option, then select “Apply Online.”
- Enter your Aadhaar card number.
- Click on the “Check” option to verify your Aadhaar number.
- Once verified, the PMAY application page will open.
- Fill in all the required details, including personal details, income details, bank account details, and other necessary information.
- Check the “I am aware” box.
- Enter the given captcha code and click on the “Save” option.
- Upon saving, you will receive a unique application number.
- Download and print the filled application form.
- Submit the form along with supporting documents at your nearest Common Service Center or Financial Institution/Bank.
By following these steps, you can apply online to avail of the home loan subsidy under the Pradhan Mantri Awas Yojana.
How to Check PMAY Application Status?
To check the status of your PMAY application, follow these steps:
- Visit the official PMAY website.
- The homepage will open.
- Click on the “Citizen Assessment” option.
- Select “Track Your Assessment.”
- A new page will open, offering two ways to check your application status:
- By entering your name, father’s name, and mobile number.
- By entering your assessment ID and mobile number.
- Choose one of these options and enter the required details.
- Click on the “Submit” button.
- The status of your application will be displayed.
Pradhan Mantri Jan Dhan Yojana
Conclusion
Pradhan Mantri Awas Yojana for 2024 continues to empower economically weaker sections, low-income groups, and middle-income groups with affordable housing solutions. By offering subsidies and financial assistance, PMAY ensures that every citizen has the opportunity to own a home. Understanding the eligibility criteria and application process is crucial for maximizing the benefits of this scheme. Apply online today to take a step towards securing your dream home with the support of the Pradhan Mantri Awas Yojana.
FAQ’s
What is Pradhan Mantri Awas Yojana (PMAY)?
PMAY is a government initiative aimed at providing affordable housing to economically weaker sections, low-income groups, and middle-income groups in India.
Who is eligible to apply for PMAY?
Applicants must be Indian citizens without a permanent house. They should not be availing benefits from any other housing scheme. Income criteria differ based on categories: EWS: Annual income up to Rs 6 lakh LIG: Annual income between Rs 6 lakh and Rs 12 lakh MIG-I: Annual income between Rs 12 lakh and Rs 18 lakh MIG-II: Annual income up to Rs 18 lakh
What documents are required to apply for PMAY?
Documents typically include proof of identity, proof of income, proof of residence, and details of the bank account.
How to avail Pradhan Mantri Awas Yojana benefits?
Applications can be submitted online via the PMAY official website or through Common Service Centers (CSCs) and designated financial institutions. Applicants must provide necessary documents, including an Aadhaar card, income proof, and other documents as specified by the scheme.
How do I apply for PMAY online?
Visit the official PMAY website, click on Citizen Assessment, then Apply Online, and follow the instructions to fill in your details and submit your application.
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