What is Pradhan Mantri Awas Yojana(PMAY)?
Pradhan Mantri Awas Yojana Guidelines
Every Human has three basic needs for the living; “Bread,” “Clothes” and “Shelter.” He/She can get easily first two, but the third one is mandatory. Everyone is not competent. The Prime Minister Of India Shri Narendra Modi gives the biggest gift to poor and needy people in the Formation of Pradhan Mantri Awas Yojana.
The PMAY(Pradhan Mantri Awas Yojana) has been launched for the rural and urban area on 25th June 2015.
This one is big to a poor cause they all don’t have their own house. The Government Of India dedicated this scheme to needy people for completing their dream.
The estimated time to complete this dream is 7 years means up to 2022. The Government Of India Approved ₹439.22 billion (US$6.5 billion) Budget to construct.
The PM Awas Yojana is Divided into two Parts
- PM Awas Yojana For Urban
- PM Awas Yojana For Rural
What are the Benefits of Pradhan Mantri Awas Yojana (PMAY)
The PMAY Scheme is targeted for the Economically Weaker Section And Low Income Group.
They are giving the 4% concession on ₹. 9 Lakh loan and 3% on ₹ 12 Lakh Loan for the Beneficiaries who want to make a home in the urban area.
They have increased 33% house in Rural Area under the Prime Minister’s Housing Scheme, and they want to include more people who don’t have a house.
He announced to reduce the rate of Home Loan. So everyone can make their house.
The Beneficiaries, who want to repair their house, they will get Rs 2 Lac Home Loan with 3% of Concession.
Through the PM Awas Yojana, The poor and Deprived people can complete their dream is the motto of Indian Government.
Pradhan Mantri Awas Yojana(PMAY) Divided into three phases.
Phase-1 started from April 2015. They want to build homes in 100 Cities. It will complete up to March 2017.
After the completion of the first phase, the second phase will start from April 2017 and complete up to March 2019. This is for 200 Cities of India.
The Third phase will start from April 2019 and will be complete in March 2022. The Prime Minister of India Shri Narendra Modi believes that this is the big salute and gift for Mahatma Gandhi. This is from remaining Cities.
How To Apply For Pradhan Mantri Awas Yojana (Housing For All 2022)?
PMAY is not for all. This scheme is for those people who are poor and needy. There are some rules to Apply for Pradhan Mantri Awas Yojana that you must need to know before applying.
There is no need to go at any office to Apply for Pradhan Mantri Awas Yojana. Before applying, You must declare that you and your family member have no house as an applicant.
Step By Step Procedure for PM Awas Yojana So Read it Carefully
1) First navigate to, http://pmaymis.gov.in site.
2) Click on Citizen Assesment Link. Two options are already available there. For Slum Dwellers and Benefit Under Other 3 Components. Click on any one As per your need. pradhan mantri awas yojana
3) Enter Your Aadhaar Card No and Click on a check. PMAY4)Fill the Form which looks as given below. Enter Your Captcha Code At Last and Save it. You will get the Application Number that has been generated. You can also edit your information after it.
Note that number safely. It is useful to track your application with the Tracking of your assessment option.
Pradhan Mantri Awas Yojana For Gramin(Rural) Area
The PM Housing Scheme 2022 for all. The Rural People can also get the benefit of this scheme.
PMAY Gramin for those People, who lives in small villages. The Government of India also made the app for rural people.
The app is “Awas App“. You can also download from the Google Play Store.
You can create your account with the help of your mobile number. This app sends you an OTP (One Time Password).
You can do registration with its help and upload a photo also.
You can also see the instalments of your home online when your home is under construction and easily send your opinion to the monitoring officers of this scheme with the help of Awas App.
The Beneficiary can get up to ₹ 70000 Instalments by Pradhan Mantri Awas Yojana Gramin.
Pradhan Mantri Awas Yojana Gramin(Rural) Subsidy
The Indian Government provides ₹ 1.20 Lac Grant to Poor People who want to build up their house using this scheme.
This grant is divided into 4 segments.
1st Grant – When the base of your house is ready
2nd Grant- After 50% of completion
3rd Grand-80% Complete
4th Grant- After House is totally completed
Total Profit Under Pradhan Mantri Awas Yojana Gramin
Unit Assistance For House Construction
Rs. 1,20,000 in plain areas and
Rs. 1,30,000 in hilly states/difficult areas /IAP districts
Assistant through convergence
MGNREGA – 90/95 days of unskilled labour
SBM – Rs.12,000/- for construction of toilet through SBM (G) or any other dedicated sources
Facilitation For Loan Of Up to Rs70,000 To Willing Beneficiaries
Housing Material Production Under
through SHGs of NRLM
Total Benefit: 1,20,000(PMAY-G) + 18000(MGNAREGA) + SBM-G (12,000)+ Loan (70,000) = 2,20,000
Eligibility & Condition to Apply for PMAY
Minimum Age: Maximum 70 Years
The Poor and Needy People whose annual income is less than ₹ 3, Lac
EWS(Economy Weaker Section) Annual Income Upto 3 Lac And LIG (Lower Income Group) Whose Annual Income Between 3,00,001 To 6,00,000 INR.
The Beneficiary Family Should not have an own dwelling unit on any family members name in any part of India those should able to apply
You need to represent the affidavit related to your annual income.
You can apply for PMAY using the name of the women and she belongs to applicant family.
Pradhan Mantri Awas Yojana(PMAY) Loan & Subsidy With Interest Rates
As Per the revised scheme of the Government Of India, Subsidy and loan are provided by Credit Link Subsidy Scheme(CLSS) For the PM Awas Scheme Housing For all up to 2022.
I am representing the table of loan, subsidy and its interest rates for the buyers who belong from EWS(Economic Weaker Section), upto LIG(Lower Income Group) And MIG(Middle Income Group).
Net Present Value Subsidy up to 9%.
PM Awas Yojana Subsidy And Loan For EWS/LIG
Beneficiaries would be eligible for interest rate subsidy 6.5% for 20 years period
CLSS subsidy available upto Rs 6 Lakhs.
NPV subsidy calculated upto 9% discount.
Important Points For EWS/LIG Beneficiary
30 Square Meters For EWS And 60 Sq. Meters For LIG
EWS Annual Income For PMAY :3,00,000
LIG Annual Income For PMAY: 3,00,001 to 6,00,000
If you have any other and informative things related to Pradhan Mantri Awas Yojana Gramin Or Urban Then, leave a comment in the below comment box.