Step-by-Step Guide to Apply for Pradhan Mantri Awas Yojna Rs. 2.67 lakh. Under this scheme, till now about 47 lakh houses have been allotted in a total of 9 states by December 2024 and January 2025 and this target will be achieved further.
When was the Pradhan Mantri Awas Yojna launched.
Pradhan Mantri Awas Yojna is an initiative of the Government of India, which has been launched on 25 June 2015 and is operated by the Ministry of Housing and Urban Affairs.
How To apply Pradhan Mantri Awas Yojna scheme.
Pradhan Mantri Awas Yojna is also known as (PMAY), there are different ways to avail its apply. the government says that people who come in the economically weaker section (EWS) and are buying a house for the first time or building their own house will get this benefit. People coming in EWS, LIG (Low Income Group), MIG (Middle Income Group) can apply for this .
1.Visit PMAY Website.
When you visit the PMAY website, you will get the link to apply and the required documents and eligibility. You can apply from there as well.
2. When you apply for affordale home Loan.
When you apply for an affordable housing loan from the bank and your loan is sanctioned, you will have to speak to the bank employee and submit the PMAY form by entering your KYC and family member details on it, otherwise you can do it later through the PMAY portal.
Eligibility for Pradhan Mantri Awas Yojna
This scheme is for those who do not have a permanent house of their own. EWS, LIG, MIG are eligible as per their following income.
- EWS– Annual Income up to 300,000.
- LIG– Annual Income from 300,000 – 600,000.
- MIG– Annual Income from RS. 600,000 – 1200,000.
Part of Pradhan Mantri Awas Yojna.
1. (BLC)-Beneficiary-Led Construction
For EWS families, those who have vacant land will be given financial help and if they do not have land in the state, they will also be provided land for living by the state or union.
2. (AHP)-Affordable Housing in Partnership
This part will provide financial assistance to EWS beneficiaries to acquire ownership rights of houses built by State/UTs, public and private companies. Small construction work will be allocated an independent grant of 1000 sqm/unit.
3. (ARH)-Affordable Rental Housing
This sector is focused on building rental houses for working women, industrial workers, and other beneficiaries. It is divided into two parts, first is using the existing vacant houses and second is building new housing for rental. For the new project using new technology, a Subsidy of Rs. 3000 per square meter will be given.
4. (ISS)-Interest Subsidy Scheme
This is an affordable home loan for EWS/LIG/MIG families, where a subsidy of 4% interest is given on loan up to Rs. 25 lakhs. This subsidy is given in installments of 5 years. There is a provision of a maximum subsidy of Rs. 1.80 lakhs. This is applied for at the same time when you take a home loan from a bank or NBFC.
FAQs.
Q. – What is the scheme of Pradhan Mantri Awas Yojna?
Ans. The primary objective of the Pradhan Mantri Awas Yojana is to provide affordable housing to the urban and rural poor.
Q. – How much money will be received under Pradhan Mantri Awas Yojna 2025?
Ans. The time limit for survey for Pradhan Mantri Awas Yojna rural areas has been extended once again till 30 April 2025 and The names included in the survey list will also be verified.
Q. – What is the Home Loan Subsidy Scheme in 2025?
Ans. Under this scheme, low-income families will be given home loans at cheap interest rates, and for poor families, an annual subsidy of 3% to 6.50% will be given on a home loan of Rs 9 lakh.
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