Category Archives: PMAY

PMAY | 2018 | Application Process | Pradhan Mantri Awas Yojana

Previously called “Housing for All”, Prime Minister Narendra Modi launched Pradhan Mantri Awas Yojana (PMAY) in 2015 to provide a place to reside for millions of urban poor. The Government has already identified over 2,508 cities and towns across 26 states in the country with an aim to build over 2 million houses.

Pradhan Mantri Awas Yojana (PMAY) can be applied by two categories

  1. MIG, LIG and EWS (Other 3 Components) – The economically weaker sections like MIG, LIG and EWS are considered as beneficiaries under the Housing for All by 2022.
  • Middle Income Group (MIG) – annual income between Rs. 6 lakh and Rs. 18 lakh.
  • Lower Income Group (LIG) – annual income is between Rs.3 lakh and Rs.6 lakh.
  • Economically Weaker Section (EWS) – annual income stands at Rs. 3 lakh.
  1. Slum Dwellers – Slum areas are poorly built residences where 60 to 70 households or approximately 300 people stay. These areas are unhygienic as they lack proper sanitation facility, proper infrastructure and drinking water. People living in these people can apply for the Housing for All by 2022 Scheme under the Pradhan Mantri Awas Yojana.

Applying for PMAY under Other 3 Components Online

  • Visit the official PMAY website http://pmaymis.gov.in/
  • Click on “Citizen Assessment” and select “Benefit under Other 3 Components” from the options.
    PMAY Citizen Assessment Official website
    PMAY Citizen Assessment Official website
  • Enter your Aadhaar number and click submit
    PMAY Aadhaar Form
    PMAY Aadhaar Form
  • If the information’s you provided is correct, it will direct you to the next page and you will be asked to provide information’s which include name, income, no. Of family members, residential address, contact number, age of the head of the family, religion, caste.
  • Once all the information is provided, scroll down, type the captcha code in the box and click submit.

Applying for PMAY by the Slum Dwellers

  • Log on to the official website of PMAY http://pmaymis.gov.in/
  • Click on the “Citizen Assessment” and select “For Slum Dwellers” from the options.
    PMAY Slum Dweller Official website
    PMAY Slum Dweller Official website
  • Enter your Aadhaar number and click on submit.
    PMAY Aadhaar Form
    PMAY Aadhaar Form
  • If the information’s you provided is correct, it will direct you to the next page and you will be asked to provide information’s which include name, income, no. Of family members, residential address, contact number, age of the head of the family, religion, caste.
  • Once all the information is provided, scroll down, type the captcha code in the box and click submit.

Online Application for PMAY through Citizen Service Centre (CSC)

Follow the below steps to apply for PMAY online:

  • Visit the official website of Pradhan Mantri Awas Yojana (PMAY) of Common Service Centers (CSC) https://registration.csc.gov.in/pmay/
  • Click on the “Apply Here” link or directly visit https://registration.csc.gov.in/pmay/RegAuth.aspx
    PMAY Applying procedure Official Website
    PMAY Applying procedure Official Website
  • On this page, enter your Aadhaar number and select the monthly household income, check the declaration box and click “Next” for the next step.
    PMAY Aadhaar Verification
    PMAY Aadhaar Verification
  • In this step, you will be asked to select a verification method, choose one from the Iris (Eye scan), Fingerprint or One Time Password (OTP).
  • Now, check the declaration check box and click on “Generate OTP”. After receiving OTP on the Aadhaar registered mobile number, enter the OTP and click “Validate OTP” button.
  • An application form will be provided on the next page. Fill the required details properly and submit it.
  • Next Screen will show an application number or assessment ID which can be used to check the status of PMAY application

Note: Use IE8 or Mozilla Firefox as Google Chrome or Microsoft Edge Browser are not supported.

You can check the status of your application here http://pmaymis.gov.in/Track_Application_Status.aspx by entering your name, Father’s name and ID Type or by Assessment ID.

PMAY Application Status Tracking PMAY Application Status Tracking
PMAY Application Status Tracking

Pradhan Mantri Awas Yojna Eligibility – Check PMAY Eligibility Criteria & Details

In this article, we provide information about Pradhan Mantri Awas Yojna Eligibility. Pradhan Mantri Awas Yojana is a Government initiative with the aim of “Housing for All 2022”, launched on 25th June 2015 by the Honourable Prime Minister Shri Narendra Modi. PMAY is an effort to provide homes to the needy.

Pradhan Mantri Was Yojna Eligibility – PMAY Eligibility Criteria

Despite having made massive leaps in development over the last decade or so, India still has a large number of people living in abject poverty, most of whom don’t have a house to call their own. The Indian government took up a serious step towards abolishing homelessness with the introduction of Pradhan Mantri Awas Yojana. This project, which was previously known as Housing For All, will provide a roof to over 20 million urban poor people by the year 2022. In order to do so, the Ministry of Housing and Urban Poverty Alleviation has set a route map and has also made clear the eligibility criteria a prospective applicant need to meet.

Pradhan Mantri Awas Yojna Eligibility
Pradhan Mantri Awas Yojna Eligibility
Section Eligibility Details
Economically Weaker Section (EWS) People who earn an annual household income less than Rs.3 lakh come under the EWS category. However, an applicant claiming to be from EWS needs to provide relevant proof to the government to ascertain their claims.
Light Income Group (LIG) People that fall under LIG category usually have an annual household income ranging from Rs.3 lakh to 6 lakh. Again, to be eligible for consideration, they need to provide sufficient proof of their economic standing.
Medium Income Group (MIG1) Those who earn an annual household income below Rs.12 lakh fall under the MIG1 category. These people can avail loans of up to Rs.9 lakh for the construction of a residence.
Medium Income Group (MIG2) Individuals earning an annual household income between Rs.12 to Rs.18 lakh will fall under MIG2 of the PMAY scheme. These people can avail loans of up to Rs.12 lakh.
Minorities People hailing from minority groups like SC/ST/OBC will fall under minorities. To be considered under the PMAY scheme, these people need to meet to provide relevant caste and income certificates.
Women belonging to EWS/LIG categories will be considered if they apply under the PMAY scheme.

Schemes under Pradhan Mantri Awas Yojana (PMAY)

Currently, there are three schemes under which you can apply for Pradhan Mantri Awas Yojana (PMAY). They are as below.

  • EWS (Economically Weaker Sections)/LIG (Low Income Group)
  • CLSS (MIG-I)
  • CLSS (MIG-II)

Pradhan Mantri Awas Yojana Home Loan Scheme for LIG/EWS Category

For loan amount of Rs.3 lakh:

Amount of loan Rs.3 lakh
Loan amount eligible for the subsidy Rs.3 lakh
Balance loan Rs.1,66,360.00
Interest subsidy Rs.1,33,640.00
Initial EMI Rs.2,895
Reduced EMI after subsidy credit Rs.1,605
Savings on a monthly basis Rs.1,290
Savings on an annual basis Rs.15,480

For a loan amount of Rs.6 lakh:

Amount of loan Rs.6 lakh
Loan amount eligible for the subsidy Rs.6 lakh
Balance loan Rs.3,32,720.00
Interest subsidy Rs.2,67,280.00
Initial EMI Rs.5,790
Reduced EMI after subsidy credit Rs.3,211
Savings on a monthly basis Rs.2,579
Savings on an annual basis Rs.30,948

For a loan amount of Rs.10 lakh:

Amount of loan Rs.10 lakh
Loan amount eligible for the subsidy Rs.6 lakh
Balance loan Rs.7,32,720.00
Interest subsidy Rs.2,67,280.00
Initial EMI Rs.9,650
Reduced EMI after subsidy credit Rs.7,071
Savings on a monthly basis Rs.2,579
Savings on an annual basis Rs.30,948

Pradhan Mantri Awas Yojana Loan Scheme for MIG – 1

Income of the household per year Rs.12 lakh
Maximum tenure of the loan 20 years
Interest subsidy per year 4%
Eligible amount of loan for interest subsidy under CLSS (Credit Linked Subsidy Scheme) for MIG Rs.9 lakh
Maximum interest subsidy Rs.2.35 lakh
Rate of discount for NPV (Net Present Value) calculation of the interest subsidy 9%
Dwelling unit max carpet area 90 sq.mt
Monthly EMI (8.65%) with interest subsidy Rs.5,834
Monthly EMI (8.65%) without interest subsidy Rs.7,894

Pradhan Mantri Awas Yojana Loan Scheme for MIG – 2

Income of the household per year Rs.18 lakh
Maximum tenure of the loan 20 years
Interest subsidy per year 3%
Eligible amount of loan for interest subsidy under CLSS (Credit Linked Subsidy Scheme) for MIG Rs.12 lakh
Maximum interest subsidy Rs.2.3 lakh
Rate of discount for NPV (Net Present Value) calculation of the interest subsidy 9%
Dwelling unit max carpet area 110 sq.mt
Monthly EMI (8.65%) with interest subsidy Rs.8,059
Monthly EMI (8.65%) without interest subsidy Rs.10,528
Income of the household per year Rs.18 lakh
Maximum tenure of the loan 20 years
Interest subsidy per year 3%
Eligible amount of loan for interest subsidy under CLSS (Credit Linked Subsidy Scheme) for MIG Rs.12 lakh
Maximum interest subsidy Rs.2.3 lakh
Rate of discount for NPV (Net Present Value) calculation of the interest subsidy 9%
Dwelling unit max carpet area 110 sq.mt
Monthly EMI (8.65%) with interest subsidy Rs.8,059
Monthly EMI (8.65%) without interest subsidy Rs.10,528

PMAY Eligibility Criteria for Getting Subsidy

The Ministry of Housing and Urban Poverty Alleviation has enlisted the help of some leading banks in the country to provide loans for construction under PMAY. The banks offer loans at a comparatively lower rate as government pays the rest on behalf of the applicant. This model of subsidized loans help more economically weaker people to build a house.

HDFC Bank has partnered with the government to offer loans to people who have applied for PMAY scheme. Here’s what is looks like:

  • The applicant’s family must not own a house in any part of the country.
  • In the case of a married couple, either a single or a joint ownership deal is allowed, and both options will receive just one subsidy.
  • The applicant’s family must not have availed the benefit of any housing-related schemes set up by the Government of India.

Pradhan Mantri Awas Yojana (PMAY) Beneficiary list

Pradhan Mantri Awas Yojana (PMAY) is an initiative taken by Prime Minister Narendra Modi with an objective to provide financial assistance to Economically Weaker Section of the Society, Low Income Group (LIG) and Mid Income Group (MIG) for house purchase and construction purpose.

This scheme seeks to address the housing problem through the following broad programs:

  • Slum rehabilitation
  • Provision of Credit – linked subsidy for the weaker section
  • Provision of affordable housing by collaborating with public and private sectors
  • Beneficiary-led house construction or enhancement

Features of Pradhan Mantri Awas Yojana

  • Priority will be given to senior citizens and differently abled while allotting house on the ground floor.
  • Under this scheme, the house will be allotted in the name of the matriarch or in the name of jointly the male and female head of the family. Therefore, the applicants should mention the name of their mother or wife at the time of the registration.
  • Government is taking a step towards creating an environmentally safe household as this scheme is taking up eco-friendly and environmental methods to build the house.
  • The beneficiaries will be provided 6.5% interest subsidy on the housing loans, for 15 years.

Eligibility Criteria and Benefits for PMAY-U Beneficiaries

Section Eligibilty Criteria Benefits
Economically Weak Section (EWS) Annual Household Should be less than 3 lac

Only Women or Women jointly with spouse can apply

Applicant and Family should not own a pucca house anywhere in India

6.5% Interest Subsidy on Home Loans upto Rs 6 Lac

Maximum Subsidy Provided will be Rs. 2,67,280

 

Low Income Group (LIG) Annual Household Should be in between 3 – 6 lac

Only Women or Women jointly with spouse can apply

Applicant and Family should not own a pucca house anywhere in India

6.5% Interest Subsidy on Home Loans upto Rs 6 Lac

Maximum Subsidy Provided will be Rs. 2,67,280

 

Medium Income Group 1 Annual Household Should be in between 6 – 12 lac

Applicant and Family should not own a pucca house anywhere in India

Carpet Area of House for which loan is applied for should be less than 90 sq meter

Loan should be approved on or after Jan 1st 2017

4% Interest Subsidy on Home Loans upto Rs 9 Lac

Maximum Subsidy Provided will be Rs. 2,35,000

 

Medium Income Group 2 Annual Household Should be in between 12 – 18 lac

Applicant and Family should not own a pucca house anywhere in India

Carpet Area of House for which loan is applied for should be less than 110 sq meter

Loan should be approved on or after Jan 1st 2017

3% Interest Subsidy on Home Loans upto Rs 12 Lac

Maximum Subsidy Provided will be Rs. 2,30,000

 

 

How to Check if you are in PMAY-U Beneficiary List

Follow the below steps to check your name in PMAY beneficiary list

  • Visit the official website:http://pmaymis.gov.in/ of PMAY – U
  • Look for “Search Beneficiary” option and click on “Search by Name” link in the options menu.
  • PMAY Govt Official website Beneficiary Search
    PMAY Govt Official website Beneficiary Search
  • Enter three letters of your name and click “show” button
    PMAY search Beneficiary
    PMAY search Beneficiary
  • After clicking the show button, a list of beneficiaries matching your name would be displayed on the screen along with survey code, fathers name, component name, city name and state name.
  • You can view the complete details by clicking the beneficiary name and then entering your mobile number and verifying it with the OTP.

This social welfare program by the Government is aimed at providing shelter for all by 2022. However, the main focus will be on people who belong to the EWS and LIS categories.

Credit Linked Subsidy Scheme (CLSS) for LIG / EWS

Recently, Pradhan Mantri Awas Yojana (PMAY) has been updated for the year 2017 for Economically Weaker Section (EWS) and Lower Income Group (LIG). The housing loan has been extended to 20 years instead of 15 years.

Credit linked Subsidy scheme under Pradhan Mantri Awas Yojana (PMAY) has been introduced in 2015 in order to diversify the institutional credit flow to the housing needs of the urban poor. Economically Weaker Section (EWS) and Lower Income Group (LIG) are the eligible sections to avail the Credit Linked Subsidy for the purpose of acquisition and construction of the houses.

CLSS (Credit Linked Subsidy Scheme) for EWS (Economically Weaker Section) / LIG (Lower Income Group)

Illustrative Example Loan tenure -20* years/240 months

All figures in Indian Rupees

Loan Amount Loan Amount eligible for Subsidy Interest Subsidy Balance Loan Initial EMI @10% Reduced EMI after crediting the Subsidy Monthly savings Annual savings
Eg (1) (2) (3) (4) (5) (6) (7) (8) (9)
(1 – 3) (5 – 6) (7) / 12
I 3,00,000 3,00,000 1,33,640 1,66,360 2,895 1,605 1,290 15,480
II 6,00,000 6,00,000 2,67,280 3,32,720 5,790 3,211 2,579 30,948
III 10,00,000 6,00,000 2,67,280 7,32,720 9,650 7,071 2,579 30,948

Above figures are indicative and may vary from case to case basis.

*Came into effect from 1st January 2017.

How to Apply

Interested beneficiaries for CLSS LIG / EWS can apply directly to PLIs (Primary Lending Institutions) and after the verification, PLIs will sanction loans and thereafter claim the subsidy from CNAs (Central Nodal Agencies).

Processing Fees

There are no processing fees for CLSS by PLIs for the applicants under CLSS. So, one can focus on the EMIs and enjoy this benefit.

Prime Minister Narendra Modi’s vision was to provide houses to underprivileged families by the time India completes its 75th year of independence. And this vision has culminated into Pradhan Mantri Awas Yojana. A timely manifestation of the project will actually help India to expand its organized housing in the country.

PMAY Home Loan for EWS / LIG Subsidy

  • Maximum loan amount – As per the eligibility of the customer
  • Maximum loan tenure – As per the guidelines of the Primary Lending Institutions (PLI)
  • Maximum loan amount for subsidy calculation – Rs. 6 lakh
  • Maximum rate for subsidy – 6.5 %

Eligibility Criteria for CLSS for EWS / LIG

  • The beneficiary family should comprise of husband, wife and unmarried children.
  • The beneficiary family should not own a pucca house in any part of the country
  • The annual income of the Economically Weaker Section (EWS) should be up to Rs. 3,00,000.
  • The annual income of the Lower Income Group (LIG) should be between Rs. 3, 00,000 to Rs. 6, 00,000.
  • Under the scheme, priority will be given to women (especially widow), scheduled caste, scheduled tribe and other backward classes, minorities, differently abled and transgender.

Features of Credit Linked Subsidy Scheme

  • Beneficiaries of Economically Weaker Section (EWS) or Low Income Group (LIG) will be eligible for an interest subsidy of at the rate of 6.5% for a tenure of 20 years which has been updated by the Government.
  • Subsidized loan amount under Credit Linked subsidy scheme will be up to Rs, 6 lakh, additional loan beyond that will be considered as non – subsidized loan amount.
  • A loan will be credited to the beneficiary for the purpose of new construction and addition of rooms kitchen, toilet etc. as incremental housing.
  • At present, the carpet area of MIG I is 90 sq m i.e. 968.752 sq ft which will be increased to 120 sq m i.e. 1291.668 sq ft. And for MIG II category the carpet area would be 150 sq m i.e. 1614.585 sq ft instead of 110 sq mt 1184.03 sq ft. And these changes will be implemented from January 1st
  • Also under the MIG I category, a four per cent interest subsidy will granted to the beneficiaries, whose annual income is between Rs. 6 lakh and Rs. 12 lakh, on a loan of up to Rs. 9 lakh.
  • And for MIG II category, the beneficiaries with an annual income of Rs. 12 lakh to Rs.18 lakh get an interest subsidy of three per cent on a loan of up to Rs. 12 lakh.
  • The carpet area under this mission should be up to 30 square meters and 60 square meters for EWS and LIG.
  • The beneficiary can build a house in a larger area as well, but the loan will be limited to Rs. 6 lakh only.
  • Central Nodal Agencies (CNA) has been identified by Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) to channelize the lending institutions and for monitoring the progress of the component.
  • Primary Lending Institutions (PLIs) can register only with one CNA by signing (Memorandum of Understanding – agreement between two parties) MOU.
  • CNAs (Central Nodal Agencies) will provide periodic monitoring inputs to the Ministry of Housing and Urban Poverty Alleviation through regular monthly and quarterly reports.
  • State Level Nodal Agencies (SLNA) will facilitate the beneficiaries by doing the paper works, documentations or in getting approvals.
  • Beneficiary’s identification should be linked to Aadhaar, voter ID or any other identification in order to avoid duplicity.
  • Also, the beneficiaries are required to submit self – certificate / affidavit as proof of income.
  • Under the scheme, priorities will be given to Manual Scavengers, Women (special preference given to the widows), Scheduled Caste, Scheduled Tribe and other backward classes, Minorities, Persons with disabilities and Transgender.
EWS LIG
Annual household income limit ₹3,00,000/- Between ₹3,00,001/- to ₹6,00,000/-
House size or the maximum carpet area 30 square meter 60 square meter
Interest subsidy 6.50% 6.50%
Loan limit for interest subsidy ₹6,00,000/- ₹6,00,000/-
Period of subsidy 20 years or loan tenure whichever is less

 

20 years or loan tenure whichever is less
Maximum amount of subsidy ₹2,20,000/- ₹2,20,000/-

Highlights of Credit Linked Subsidy Scheme under PMAY

  • The subsidized loan amount under Credit Linked Subsidy Scheme is up to Rs. 6 lakh. Additional loan beyond Rs. 6 lakh will be considered at non – subsidized rate.
  • In order to get reduced effective housing loan and Equated Housing Monthly Instalments (EMI) the subsidized interest will be credited to the beneficiaries loan account through Primary Lending Institutions (PLI).

Refer to the link below to know the Primary Lending Institutions (PIL) under PMAY http://www.pmawasyojana.in/2016/06/list-of-primary-lending-institutions.html

  • The Net Present Value (NPV) will be of the interest subsidy will be calculated at a discount rate of 9%.
  • The registration of the houses should be in the name of the female head of the household or in the name of the joint name of the male head of the family and his wife. In case of no adult female member in the family, the house can be in the name of the male member of the family.

 

Government will soon increase the coverage of PMAY subsidy scheme

Government is planning to increase the coverage of subsidy scheme for first time home buyers under Pradhan Mantri Awas Yojana (PMAY) in urban areas. According to sources, the guidelines will be redesigned in order to bring properties fall under any part of all development authorities including villages, industrial belts, and even special development authorities to be eligible for interest subsidies.

As per the guidelines, coastal cities which are under port development authorities will also be covered. However, the interest subsidy is available only for buying the first houses in urban areas. According to sources, these changes are done following reports of the banks not approving loan applications under interest subsidy scheme in certain areas in urban localities.

There have been instances when banks have raised questions about the agency or authority issuing approvals for housing projects other than the notified development authorities. Since the intention is to extend the benefit to maximum people, work in progress to modify the guidelines that will benefit more and bring more clarity. But the projects to be qualified for this will need to get the requisite approvals
said a government official.

Despite the fact that the housing ministry had reconstructed the guidelines to extend the interest subsidy scheme to more houses falling under area notified by development authorities such as Noida or Greater Noida, the problem still persist.

Under Pradhan Mantri Awas Yojana (PMAY), any household with total annual income of Rs. 6 lakh to Rs. 18 lakh can apply for the scheme. The applicants are also allowed to include the income of the spouse at the time of applying for this scheme. It is also important to note that under PMAY, beneficiaries are allowed to purchase only a new house. People who already own a house are not eligible to apply for this scheme.

Pradhan Mantri Awas Yojana is a Government initiative with the aim of “Housing for All 2022”, launched on 25th June 2015 by the Honourable Prime Minister Shri Narendra Modi. PMAY is an effort to provide homes to the needy.

To know more about Pradhan Mantri Awas Yojana, read https://rupeenomics.com/pmay-pradhan-mantri-awas-yojana/