The Pradhan Mantri Awas Yojana (PMAY) is a Government of India led initiative aimed at providing affordable housing to first-time homeowners. The mission, launched in 2015, promises to build a whopping 2 million fully-functional “pucca” houses by March 2022.
The ‘Housing for all’ scheme comprises of Pradhan Mantri Awas Yojana (Urban) and Pradhan Mantri Awas Yojana (Gramin). These cater to two completely different demographics – the urban poor and rural poor, respectively. Both categories can avail loan subsidies offered under the scheme, which go as low as 6.5%, for a tenure of 20 years.
Till date, the government has done a commendable job in providing affordable housing for poor, with 2.61 lakh housing units sold in 2019 alone, and 2.5 lakh more to be sold by 2021.
The Yojana currently has beneficiaries spread across 26 states and 2508 cities.
Additional Read: How to Get Subsidy Benefit Under PMAY Home Loan
Wondering how to get PMAY? Check the PMAY eligibility criteria if you’re looking to apply:
• Economically Weaker Section (EWS):
The family’s total annual income is less than Rs. 3 lakhs
• Lower Income Group (LIG):
The family’s total annual income falls between Rs. 3 lakhs – Rs.6 lakhs
• Middle Income Group I (MIG I):
The family’s total annual income falls between Rs. 6 lakhs – Rs. 12 lakhs
• Middle Income Group II (MIG II):
The family’s total annual income falls between Rs. 12 lakhs – Rs. 18 lakhs
Along with this, applicants must not own a “pucca” house anywhere in India, and should not be a concurrent beneficiary of any other housing scheme.
How to apply for the Pradhan Mantri Awas Yojana (PMAY)
Here’s a step-by-step break-down of how to fill the PMAY form –
Step 1: Login –
Visit the official PMAY website – www.pmay.gov.in. Log in using your credentials.
Step 2: Choose your category –
You’ll be prompted to choose between two options – ‘For slum dwellers’ and ‘Benefit under other 3 components’. Choose whichever option applies to you.
Step 3: AADHAR/ VID check –
Next, applicants have to go through the AADHAR or Virtual ID (VID) existence check.
Step 4: Application filling –
If the AADHAR/ VID check is successful, candidates can proceed to fill the PMAY online application form, where they’ll have to enter information regarding:
- Address and Contact Details
- Caste and Religious Details
- Bank Details
- Income Details
- Housing requirement
- Employment status
- Details about family members
- Preferred Component
Step 5: Save your progress –
After filling in all details, read the disclaimer and check the box. Next, click on the ‘Save’ button.
Additional Read: What are the Benefits of Pradhan Mantri Awas Yojana Scheme?
Last date of filling PMAY online form
If you’re an eligible candidate and haven’t yet filled the PMAY application form, worry not, because you have ample time:
- For households falling under the EWS/LIG category, the last date for form submission is 31 March 2022
- For households belonging to the MIG I/ MIG II category, the last date for form submission is 31 March 2021
Now that you have the information you need on PMAY eligibility and the application process, you may be looking for looking affordable home loans.
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