Pradhan Mantri Awas Yojana (PMAY)

What is The Pradhan Mantri Awas Yojana (PMAY)?

The Pradhan Mantri Awas Yojana (PMAY) is a Government of India initiative which focuses on developing affordable housing for the urban poor by 2022. The scheme was initially introduced on 25 June 2015. The interest rate for the PMAY scheme begins at 6.50% p.a. and can be used for a maximum tenure of 20 years. The period of implementation of the PMAY-Urban scheme has been extended up to 31 December 2024. The Union Cabinet made the decision after appeals from states and Union Territories. Previously, the target was to provide houses by March 2024.

Official Website	https://pmaymis.gov.in/
Launch Date	25th June 2015
Expected Completion	By 31 December 2024
Toll Free Number	1800-11-6163 - HUDCO1800 11 3377, 1800 11 3388 - NHB
Complaints or Suggestion	grievance-pmay@gov.in
Office Address	Pradhan Mantri Awas Yojana Ministry of Housing and Urban Affairs Nirman Bhawan,New Delhi- 110 011 Contact: 011 2306 3285, 011 2306 0484Email: pmaymis-mhupa@gov.in
PMAY Guidelines	Click to Download Manual

Features and Benefits of PMAY Scheme

· Under the PMAY Scheme, a subsidy interest rate is provided at 6.50% p.a. on housing loan for the term of 20 years to all the beneficiaries.

· Differently abled and senior citizens will be given preference in allocation of ground floors.

· Sustainable and eco-friendly technologies would be used for construction.

· The scheme covers entire urban areas in the country which includes 4041 statutory towns with the first priority given to 500 Class I cities. This will be done in 3 phases.

The credit linked subsidy aspect of the PM Awas Yojana gets implemented in India in all statutory towns from the initial stages itself

Pradhan Mantri Awas Yojana(PMAY) Beneficiaries

The beneficiaries under the PMAY scheme can be listed as follows:

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

In addition to these, people belonging to SC, ST, and OBC categories and women belonging to EWS and LIG income groups will also be eligible for the PMAY scheme.

Identification and Selection of Beneficiaries under PMAY

· The Pradhan Mantri Awas Yojana(PMAY) - Urban scheme caters mainly to the housing requirements of the urban poor. The scheme also caters to the housing requirement of slum dwellers residing in confined areas of slums with inadequate infrastructure, poor sanitation and drinking facilities.

· Beneficiaries of PMAY-U mainly include Middle Income Groups (MIGs), Low-income Groups (LIGs) and Economically Weaker Section (EWS).

· While the beneficiaries from the EWS category are eligible for complete assistance under the scheme, beneficiaries from LIG and LIG categories are only eligible for the Credit Linked Subsidy Scheme (CLSS) under PMAY.

· In order to be recognised as a LIG or EWS beneficiary under the Scheme, the applicant is required to submit an affidavit as income proof to the authority.

Go Deeper: How to Check PMAY List 2022

Key Highlights of PMAY Scheme

Particulars	EWS	LIG
Eligible Housing Loan Amount for Interest Subsidy	Up to Rs.6 lakh	Up to Rs.6 lakh
Maximum Loan Tenure	20 years	20 years
Discounted Rate for Calculation of Net Present Value of Interest Subsidy	9.00%	9.00%
Dwelling Unit Carpet Area (sq.m.)	Up to 30 sq.m.	Up to 60 sq.m.
Duration of Scheme	17 June 2015 to 31 December 2024	17 June 2015 to 31 December 2024
Applicability of No Pucca House	Not for upgradation or renovation
Woman Ownership/Co-ownership	Not required for an existing property. Compulsory for a new acquisition.
Amount Paid in Lump Payment for Each Sanctioned Housing Loan application	Rs.3,000	Rs.3,000
Quality of Flat/House Construction	BIS Codes, National Building Code, and according to the NDMA Guidelines adopted
Approvals for the Building Design	Mandatory	Mandatory
Basic Civic Infrastructure (water, electricity, sanitation, sewerage, road etc.)	Mandatory	Mandatory
Maximum Interest Subsidy Amount	Rs.2,67,280	Rs.2,67,280

Particulars	MIG I	MIG II
Eligible Housing Loan Amount for Interest Subsidy	Up to Rs.9 lakh	Up to Rs.12 lakh
Maximum Loan Tenure	20 years	20 years
Dwelling Unit Carpet Area (sq.m.)	160 sq.m.	200 sq.m.
Maximum Interest Subsidy Amount	Rs.2,35,068	Rs.2,30,156
Lump Sum Amount Paid for Each Sanctioned Housing Loan Application Instead of processing fee	Rs.2,000	Rs.2,000
Discounted Rate for Calculation of Net Present Value of Interest Subsidy	9.00%	9.00%
Duration of Scheme	1 January 2017 to 31 December 2024	1 January 2017 to 31 December 2024
Woman Ownership/Co-ownership	Not compulsory	Not compulsory
Applicability of No Pucca House	Yes	Yes
Approvals for the Building Design	Mandatory	Mandatory
Quality of House/Flat Construction	BIS Codes, National Building Code, and according to the NDMA Guidelines adopted
Basic Civic Infrastructure (water, road, sanitation, sewerage, electricity etc.)	Mandatory	Mandatory
Income Proof to Claim Subsidy	Self-Declaration	Self-Declaration
Identity Proof	Aadhaar Card Number	Aadhaar Card Number

Type of PMAY Scheme

There are two sub-sections of the PMAY scheme which are divided on the basis of the area on which they focus:

1. Pradhan Mantri Awas Yojana Gramin - The Pradhan Mantri Awas Yojana – Gramin (PMAY-G) was previously known as the Indira Awas Yojana and was christened as PMAY-G in 2016. The scheme is aimed at the provision of affordable and accessible housing units to eligible beneficiaries in rural regions of India (excluding Chandigarh and Delhi). Under this scheme, the Government of India and the respective state governments share the cost of development of housing units in the ratio of 60:40 for plain regions and 90:10 for North-Eastern and hilly regions.

2. Pradhan Mantri Awas Yojana Urban - The Pradhan Mantri Awas Yojana – Urban (PMAYU), as the name suggests, is focussed towards the urban areas in India. At present, there 4,331 towns and cities which are enlisted under this scheme. The scheme is set to function under three different phases:

· Phase 1: Under Phase 1, the government targeted to cover 100 cities in different states and UTs across the country from April 2015 to March 2017.

· Phase 2: Under Phase 2, the government targeted to cover 200 more cities in different states and UTs across the country from April 2017 to March 2019.

· Phase 3: Under Phase 3, the government targeted to cover the cities which have been left out in Phase 1 and Phase 2 and attain the target by the end of December 2024.

PMAY Interest Subsidy

Particulars	Interest Subsidy	Maximum Loan for Subsidy
EWS	6.50% p.a.	Rs.6 lakh
LIG	6.50% p.a.	Rs.6 lakh
MIG -1	4.00% p.a.	Rs.9 lakh
MIG-2	3.00% p.a.	Rs.12 lakh

Pradhan Mantri Awas Yojana (PMAY) Subsidy Calculator

Pradhan Mantri Awas Yojana (PMAY) scheme aims to simplify the process of purchasing a home for the urban poor and weaker sections of society through EMIs at reasonable rates of interest. The rate of interest is comparatively much lesser than commercial rates, thus offering people subsidised loans.

To calculate the EMI log on to the Pradhan Mantri Awas Yojana website and fill in the following details: http://pmaymis.gov.in/EMI_Calculator.aspx

· The total loan amount in rupees

· The rate of interest

· The total loan period in months

Once the following details are submitted, click on the ‘Calculate’ option. This will give you the monthly installment or EMI payable in rupees.

Find: Home Loan EMI Calculator

How to Get PMAY Interest Subsidy?

· Apply for a home loan from any listed lending institution asking for subsidy.

· The lending institution will review your application and you are eligible, your application will be sent to the Central Nodal Agency.

· Upon verification, if your application is approved and no discrepancies are found, the Central Nodal Agency will disburse the subsidy amount to the lending institution.

· This amount will be credited to your account by the lending institution which will lower your total loan amount.

· You can continue paying the EMIs towards the balance loan amount.

How to transfer PMAY Subsidy to the Borrower's Bank?

The bank from where the individual is taking the loan will claim the subsidy benefit for the eligible applicants from the National Housing Bank (NHB). The National Housing Bank will then check to investigate whether anyone is making multiple applications under the scheme. Once confirmed, the CLSS or subsidy amount will be given to the borrower's Bank.Once the amount is received, the money would be credited directly to the Loan Account.

Go Deeper: Understand Subsidy on Home Loan

PMAY Loan Eligibility

The government will use the The Socio Economic and Caste Census of 2011 (SECC 2011) to identify and select the list of PMAY beneficiaries. The village panchayats along with tehsils will be considered for consultation of beneficiaries before making the list under the rural housing scheme. This is going to be done in order to ensure transparency of the project and also make sure that only the deserving receive the aid in housing.

Learn more about the PMAY Eligibility.

How to Apply for the PM Awas Yojana Online?

You can apply for the PM Awas Yojana (PMAY) through the official PMAY portal. The process of application is very easy and user-friendly. All you would need to get started is your Aadhaar number. After that you can just follow the on-screen directions and fill up and submit the form to conclude the application.

How to check PMAY Application Status?

To check the status of your PMAY application, you can simply log in to the official portal of Pradhan Mantri Awas Yojana at https://pmaymis.gov.in. After that, you can just navigate to the tracking option and follow the on-screen directions to check the status of your application.

How to Edit Your Details After Submitting Application for PMAY

· Visit the official website of Pradhan Mantri Awas Yojana

· Enter your application reference number and your Aadhaar details

· Click on the “Edit” option

· You will now be allowed to edit your application details

PMAY Resource: PMAY Online Application Form

Phases of Pradhan Mantri Awas Yojana (PMAY)

The PMAY Scheme will be executed in three phases. Refer to the below tables for more details:

Stage	Phase 1	Phase 2	Phase 3
Start date	04/01/15	04/01/17	04/01/19
End date	03/01/17	03/01/19	03/01/22
Cities covered	100	200	Remaining cities

PMAY Functions of Technology Sub-Mission

PM Awas Yojana Technology Sub Mission will cover following:

· Better Habitat Designing & Planning of the Buildings

· Planning to Develop Environment Friendly Houses

· Best Construction Practices

· Arranging the Most Innovative Technologies

· Picking the Most Suitable Materials

PMAY Customer Care Helpline Numbers

In case of any queries relating to the application process, interest rates and any other scheme related queries, customers can contact the toll free helpline number:

· 1800-11-6163 (Urban, HUDCO)

· 1800-11-3388 (Urban,NHB)

· 1800-11-3377 (Urban,NHB)

· 1800-11-6446 (Gramin)

Those facing any issues related to the application process can contact the above toll-free numbers according to the locations

List of State Level Nodal Agencies for PMAY (U)

State/UT	Organisation Name	Address and Email
Andaman and Nicobar Islands	Union Territory of Andaman and Nicobar Islands	Municipal Council, Port Blair – 744101Email: jspwdud@gmail.com
Andhra Pradesh	Andhra Pradesh State Housing Corporation Limited	Andhra Pradesh State Housing Corporation Limited, Himayat Nagar, Hyderabad – 500029Email: apshcl.ed@gmail.com
Andhra Pradesh	Andhra Pradesh Township Infrastructure Development Corporation Limited	Flat number 502, Vijaya Lakshmi Residency, Gunadala, Vijayawada – 520004Email: aptsidco@gmail.com,mdswachchandhra@gmail.com
Arunachal Pradesh	Government of Arunachal Pradesh	Department of Urban Development and Housing, Mob-II, ItanagarEmail: chiefengineercumdir2009@yahoo.com,cecumdirector@udarunachal.in
Assam	Government of Assam	Block A, Room no. 219, Assam Secretariat, Dispur, Guwahati – 781006Email: directorcpassam@gmail.com
Bihar	Government of Bihar	Urban Development and Housing Department, Vikas Bhawan, Bailey road, New Secretariat, Patna, Bihar – 15Email: sltcraybihar@gmail.com
Chandigarh	Chandigarh Housing Board	Sector 9-D, Chandigarh – 160017Email: chb_chd@yahoo.com,infor@chb.co.in
Chhattisgarh	Government of Chhattisgarh	Mahanadi Bhawan Mantralaya, Room No. S-1/4, Naya Raipur, ChhattisgarhEmail: pmay.cg@gmail.com
Dadra and Nagar Haveli, and Daman and Diu	Union Territory of Dadra and Nagar Haveli, and Daman and Diu	Secretariat, Silvassa – 396220Email: devcom-dd@nic.in
Dadra and Nagar Haveli	Union Territory of Dadra and Nagar Haveli	Secretariat, Silvassa – 396220Email: pp_parmar@yahoo.com
Goa	Government of Goa	GSUDA, 6th Floor, Shram Shakti Bhavan, Patto – PanajiEmail: gsuda.gsuda@yahoo.com
Gujarat	Government of Gujarat	Affordable Housing Mission, New Sachivalaya, Block No. 14/7, 7th floor, Gandhinagar – 382010Email: gujarat.ahm@gmail.com,mis.ahm2014@gmail.com
Haryana	State Urban Development Agency	Bays-11-14, Palika Bhawan, Sector-4, Panchkula, Haryana – 134112Email: suda.haryana@yahoo.co.in
Himachal Pradesh	Directorate of Urban Development	Palika Bhawan, Talland, ShimlaEmail: ud-hp@nic.in
Jammu and Kashmir	Jammu and Kashmir Housing Board	Email: Jkhousingboard@yahoo.com,raysltcjkhb@gmail.com
Jharkhand	Urban Development Department	3rd floor, Room No: 326, FFP Building, Dhurwa, Ranchi, Jharkhand – 834004Email: jhsltcray@gmail.com,director.ma.goj@gmail.com
Kerala	State Poverty Eradication Mission	TRIDA Building, Jn. Medical College, PO ThiruvananthapuramEmail: uhmkerala@gmail.com
Madhya Pradesh	Urban Administration and Development, GoMP	Palika Bhawan, Shivaji Nagar, Bhopal – 462016Email: addlcommuad@mpurban.gov.in,mohit.bundas@mpurban.gov.in
Maharashtra	Government of Maharashtra	Griha Nirman Bhawan, 4th Floor, Kalanagar, Bandra (East), Mumbai – 400051Email: mhdirhfa@gmail.com,cemhadapmay@gmail.com
Manipur	Government of Manipur	Town Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal – 795001Email: hfamanipur@gmail.com,tpmanipur@gmail.com
Meghalaya	Government of Meghalaya	Town Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal – 795001Email: hfamanipur@gmail.com,tpmanipur@gmail.com
Mizoram	Urban Development & Poverty Alleviation, Government of Mizoram	Directorate of Urban Development and Poverty Alleviation, Thakthing Tlang, Aizawl, Mizoram – 796005Email: hvlzara@gmail.com
Nagaland	Government of Nagaland	Municipal Affairs cell, A.G. Colony, Kohima – 797001Email: zanbe07@yahoo.in
Odisha	Housing and Urban Development (H&UD) Department	1st Floor, State Secretariat, Annex - B, Bhubaneswar – 751001Email: ouhmodisha@gmail.com
Puducherry	Government of Puducherry	Town & Country Planning Deptt. Jawahar Nagar Boomianpet Puducherry – 605005Email: tcppondy@gmail.com
Punjab	Punjab Urban Development Authority	PUDA Bhawan, Sector 62, SAS Nagar, Mohali, PunjabEmail: office@puda.gov.in,ca@puda.gov.in
Rajasthan	Rajasthan Urban Drinking Water, Sewerage & Infrastructure Corporation Ltd (RUDSICO)	4-SA-24, Jawahar Nagar, Jaipur, RajasthanEmail: hfarajasthan2015@gmail.com
Sikkim	Government of Sikkim	Department of Urban Development and Housing, Government of Sikkim, NH 31A, Gangtok – 737102Email: gurungdinker@gmail.com
Tamil Nadu	Government of Tamil Nadu	Tamil Nadu Slum Clearance Board, No.5 Kamarajar Salai, Chennai, Tamil Nadu – 600005Email: raytnscb@gmail.com
Telangana	Government of Telangana	Commissioner and Director of Municipal Administration, 3rd Floor, AC Guards Public Health, Lakdikapool, HyderabadEmail: tsmepma@gmail.com
Tripura	Government of Tripura	Directorate Of Urban Development, Government of Tripura, Pandit Nehru Complex, Gorakha Basti, 3rd Floor, Khadya Bhawan, Agartala – 799006Email: sipmiutripura@gmail.com
Uttarakhand	Directorate of Urban Development	State Urban Development Authority 85A, Motharawala Road, Ajabpur Kalan, DehradunEmail: pmayurbanuk@gmail.com
Karnataka	Government of Karnataka	9th Floor, Vishweshwaraiah Towers, Dr.Ambedkar Veedhi, Bangalore – 560001Email: dmaray2012@gmail.com
West Bengal	State Urban Development Authority	ILGUS Bhavan, Block HC Block, Sector 3, Bidhannagar, Kolkata – 700106Email: wbsuda.hfa@gmail.com
Uttar Pradesh	State Urban Development Agency (SUDA)	Navchetana Kendra, 10, Ashok Marg, Lucknow – 226002Email: hfaup1@gmail.com

Top 10 Banks offering Home Loans Under PMAY Scheme

Top 10 banks in India which offer loans under the PMAY scheme are listed below:

· Bank of Baroda

· State Bank of India

· Axis Bank

· IDFC First Bank

· Bandhan Bank

· Bank of India

· HDFC Bank

· IDBI Bank

· Punjab National Bank

· Canara Bank

FAQs on Pradhan Mantri Awas Yojana (PMAY)

1. What is Pradhan Mantri Awas Yojana (PMAY)?

Pradhan Mantri Awas Yojana (PMAY) is an initiative by the government for supplying affordable houses to the poor people of cities and rural India. The Prime Minister, Narendra Modi, in 2015 rolled out this program with an ambition to ensure every Indian family acquires a pucca (permanent) home with modern facilities by the year 2022. Under the program, government financial aid is given to its beneficiaries so they can construct or purchase a dwelling.

2. Who are eligible for PMAY?

Eligibility for PMAY is based on different parameters like annual income, urban/rural residence, and the current housing situation of the applicant. Generally, economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG) are eligible under the scheme. The applicant must not have a house, and priority is given to women, Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), minorities, and differently-abled individuals.

3. What are the types of PMAY?

PMAY has two components: **PMAY Urban (PMAY-U)** and **PMAY Rural (PMAY-G)**. PMAY-U is designed for individuals living in urban areas, while PMAY-G is aimed at giving housing to rural poor families. Both components provide subsidies, but the guidelines vary depending on the type of applicant and area.

4. What is the funding pattern under PMAY?

A credit-linked subsidy is provided by the government to PMAY beneficiaries. A subsidized interest on home loans is provided, with interest being subsidized up to 6.5% for various income groups. The amount of loan eligible for subsidy varies depending on the income group. For the rural segment, financial support is also given for the construction of houses with a greater subsidy share.

5. How can one apply for PMAY?

The application process for PMAY can be done both online and offline. For the online process, eligible candidates can visit the official PMAY website (pmaymis.gov.in) and apply through the "Citizen Assessment" link. In rural areas, applications are often facilitated through Panchayats or other government offices.

6. What are the benefits of PMAY?

The key benefits of PMAY include:

- Finance for construction or purchase of houses.

- Subsidy on home loan (max. 6.5% based on the income category).

- Subsidized housing for the slum dwellers and urban poor.

- Development of infrastructure and improved living conditions for beneficiaries.

7. What is the interest subsidy under PMAY?

PMAY provides interest subsidies on home loans under a Credit Linked Subsidy Scheme (CLSS). The subsidy is offered at varying rates depending on the income group of the applicant:

- EWS and LIG: 6.5% subsidy on loans of up to ₹6 lakh.

- MIG-I (Annual Income ₹6-12 lakh): 4% subsidy on loans of up to ₹9 lakh.

- MIG-II (Yearly Income ₹12-18 lakh): 3% interest subvention on loan up to ₹12 lakh.

8. Is there a limit on the amount of loan under PMAY?

Yes, the maximum loan amount that can be subsidized depends on the income group and category of the applicant and type of house. For instance, for urban areas, the loan amount may extend up to ₹6 lakh for EWS and LIG applicants, while for MIG categories, it may extend to ₹12 lakh.

9. What are the documents required to apply for PMAY?

The major documents required for PMAY application are:

- Aadhar Card or any other identity proof.

- Income proof (such as salary slips or income certificates).

- Land ownership proof (in case of house construction).

- Bank account details for disbursal of the loan.

- Passport photographs.

10. How does the PMAY scheme help the housing sector?

PMAY seeks to meet the shortage of housing in India by delivering affordable housing for low and middle-income households. Through the provision of subsidies, it incentivizes financial institutions to lend to those in the lower income groups, thereby raising the level of homeownership. The scheme also spurs the construction industry, creates jobs, and helps in the economic development of the country.