The Pradhan Mantri Awas Yojana (PMAY) aims to ensure that every citizen in India has a pucca house. Launched in June 2015, PMAY covers both rural (Pradhan Mantri Awas Yojana Gramin – PMAY-G) and urban (Pradhan Mantri Awas Yojana Urban – PMAY-U) areas.
The scheme offers subsidies on home loans, with the subsidy amount depending on the size of the house and the applicant’s income.
Banks are encouraged to provide home loans at low interest rates, with a maximum repayment period of 20 years. Over the last decade, more than 4.1 crore houses have been built under PMAY.
Eligibility Criteria for PMAY
To benefit from PMAY, applicants must meet certain criteria:
Income Limits: Annual income should be up to Rs 18 lakh. Individuals in the Economically Weaker Section (EWS) with an annual income of less than Rs 3 lakh are also eligible.
Age: Applicants must be at least 18 years old.
Citizenship: Must be a citizen of India.
House Ownership: Applicants or their family members should not own a permanent house.
Government Job: Families with a member in a government job are not eligible.
Other Schemes: Families already benefiting from any housing scheme by the Government of India or the State Government are not eligible.
How to Apply for PMAY
Online Application
To apply online, visit the official PMAY website at pmaymis.gov.in.
Offline Application
For offline applications, visit the nearest Common Service Center (CSC).
Required Documents
Identity card
Address proof
Income proof
Passport size photo
Property documents
By meeting these criteria and following the application process, eligible individuals can benefit from the PMAY scheme and secure affordable housing.
