The Ministry of Housing and Urban Affairs (MoHUA) introduced the Pradhan Mantri Awas Yojana – Urban (PMAY-U) on 25 June 2015. The initiative aims to provide a pucca house to all eligible urban households by 2022 in order to address the lack of urban housing among the EWS/LIG and MIG categories, which includes those living in slums. The Union Cabinet has decided to extend PMAY(U) till 31 December 2024.
Basic utilities including a kitchen, toilet, water supply, and electricity are provided in every house under the PMAY-U. The mission offers homeownership under the joint or sole name of a female member, thereby promoting women empowerment. Additionally, SCs, STs, OBCs, single women, transgender people, differently-abled people, senior citizens, and other vulnerable groups in society have all been given preference. The PMAY-U ensures that the beneficiaries have a sense of security and pride in their houses and live a dignified life.
Highlights of PMAY Scheme:
- Subsidized Interest Rate - Enjoy a low 6.50% p.a. interest rate on housing loans for 20 years.
- Priority for Special Groups - Differently-abled and senior citizens receive preferential ground floor allocations.
- Eco-Friendly Construction - Sustainable and environmentally conscious technologies utilized in building.
- Pan-India Coverage - The scheme spans 4041 statutory towns, with initial priority given to 500 Class I cities in 3 phases.
- Early Credit-Linked Subsidy - Implementation of the credit-linked subsidy begins at the project's inception, covering all statutory towns in India.
|
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 |
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 |
Key Parameters of PMAY
|
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 |
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 |
How to Get PMAY Interest 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 will be credited directly to the Loan Account.
PMAY Loan Eligibility
The PMAY beneficiaries will be selected on the basis of the ‘The Socio economic and caste Census 2011’. The government will consult the panchayat and the tehsil before finalising the PMAY beneficiaries list. This will be done to ensure transparency in the project and to ensure that only the right people get the housing.
Urban PMAY
Step 1: Visit the official PMAY portal.
Step 2: Click on the ‘Citizen Assessment’ option or the ‘Apply Online’ option.
Step 3: Depending on your income group choose EWS/LIG/MIG.
Step 4: Enter all the requested details such as your personal information, Aadhaar number, income details, etc.
Step 5: Submit your application.
Your application will be verified by the concerned authority. You can visit the PMAY portal to track the status of your application.
Rural PMAY
Step 1: Visit the official website of PMAY Gramin.
Step 2: On the main page, click on the ‘IAY/PMAYG’ option.
Step 3: Enter all the requested details such as your personal information, Aadhaar number, and bank account details.
Step 4: Submit your application.
Your application will be verified by the concerned authority. You can visit the PMAY portal to track the status of your 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 table below 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.
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