Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana: introduced under Modi’s government 2015, in this article you are going to know about the new budget of PMAY and how to apply for PMAY.

What is Pradhan Mantri Awas Yojana?

Pradhan Mantri Awas Yojana is a scheme of the government of India, which was introduced under Narendra Modi’s government on 25 June 2015.

The main motive of this scheme is to address the urban housing shortage among the EWS/LIG. Under this project, affordable houses will be provided to the urban poor people with a target of building 2 crore affordable houses by 31 March 2022.

This scheme is converged with other schemes of the government of India to ensure houses with a proper latrine system, a proper supply of electricity which was under the Saubhagya scheme, and a proper facility of gas or LPG connection under the Ujjwala Yojana, with also access to pure drinking water.

This scheme is divided into two sections based on the area it serves, Pradhan Mantri Awas Yojana- Urban (PMAY-U) and Pradhan Mantri Awas Yojana Gramin(PMAY-G) or Rural.

The features of Pradhan Mantri Awas Yojana are that the government will provide an interest of 6.5% (for EWS and LIG), 4% for MIG-I, and 3% for MIG-II. The houses under the Pradhan Mantri Awas Yojana would be constructed through eco-friendly technology. 

The government has already approved an investment of INR 43,922 crore for the construction of 6,83,724 houses for the urban poor under the Pradhan Mantri Awas Yojana scheme.

Eligibility criteria for the Pradhan Mantri Awas Yojana scheme?

Here are some of the conditions for being part of the PMAY-

1. Beneficiary maximum age 70 years.
2. EWS (Economic Weaker Section) family income limit is INR 3 lakh per annum and for LIG (Lower Income Group) family income limit is INR 6 lakh per annum, and for Middle Income Group (MIG-I) income should be between INR 6 lakh to INR 12 lakh per annum, (MIG-II) income between INR 12 lakh to INR 18 lakh per annum.
3. The beneficiary should not have their own dwelling unit in the name of any family member in any part of India.
4. The loan applicant should not have availed any central/state government subsidy or benefit for buying a home under the PMAY scheme.
5. Currently, the loan applicant should not own any property under their name and along with any of the family members (including the dependents).
6. The home renovation or improvement loans, and self-construction loans will be allocated only for EWS and LIG categories.
7. The houses given under this scheme will be owned by females or jointly with males.

PM Awas Yojana Scheme allocation enhanced by 66% in the budget of 2023

Finance minister of India Nirmala Sitharaman increased the allocation by 66% to Rs 79,000 crore in the budget of 2023.

Previously the budget allocation was Rs 48,000 crore where the amount is used to complete 80 lakh houses in 2022-2023 all over the country for both the segmental areas as urban and rural.

Rating agency ICRA stated that the PMAY allocation increase will not only affect the demand for the housing credit, but also it will boost the cement industry.

According to a PIB notification, as of January 3, 2022, overall 1.14 crore houses had been sanctioned of which 53.42 lakh houses had been completed and delivered to the population. Adding this, it says as of 24^th January 2022, 1.70 crore pucca houses have been constructed under PMAY-G and another 73 lakh houses were completed under the Indira Awaas Yojana (IAY), later restricted as PMAY-G in 2016, after 2014. 2.17 crore houses have been sanctioned under PMAY-G all over the country, according to the official data.

How to apply for Pradhan Mantri Awas Yojana 2023 online?

If you want to be a part of the PMAY scheme then you must register yourself on their portal. So filling online form is the first thing which you have to do to move forward. You can only fill out the application form for PMAY from their official website which is https://pmaymis.gov.in/.

Step 1: Log in with your registered account on the official website of PMAY which is PMAY

Step 2: Choose ‘Slum Dwellers’ or ‘Benefits under 3 Components’ Under Citizen Assessment (per your preferred category).

Step 3: Put your original Adhar Id or Adhar Number and click on check to verify your Adhar details.

Step 4: After verification you will be given a digital form where you have to fill in all the necessary details, note that the details are absolutely correct otherwise the application will be rejected and will get canceled.

Step 5: After filling out the form, put on the captcha number and press submit. Your application form will be submitted to their official team and now your application process is complete now.

Note: You can also edit your application form in case of any incorrect information which is provided mistakenly, with your Application number and Adhar number.

How to check PMAY application status online?

PMAY Application status online check using Assessment ID-

Step 1: Go through the citizen Application option which you will find in the official online portal of the PMAY website. You will see the check status option. Just click on it.

You can also visit this link pmaymis.gov.in/Track_Application_Status.aspx. 

Step 2: You will see two options after clicking the check status option. Continue by clicking on the Assessment ID and put your Assessment Id in the space provided.

Step 3: You will be redirected to a new page where your phone number is needed. Enter your registered mobile number which was associated with your PMAY Application form.

Step 4: Once you are done with all of the above steps click on the submit button and submit your details,  after that your Application status will be displayed on the screen.

PMAY Application status online check using mobile number, name, and father’s name-

Step 1: Go through the citizen Application option which you will find in the official online portal of the PMAY website. You will see the check status option. Just click on it.

You can also visit this link pmaymis.gov.in/Track_Application_Status.aspx. 

Step 2: Choose the option by name, father’s name, and mobile number.

Step 3: After then some details will be asked to fill in. Provide the required details such as name, father’s name, district name, and state name, along with your registered phone number.

Step 4: Once you have done with all of the above steps, click on the submit button and submit your details, then the live Application status of PMAY will be shared on the screen.