Pradhan Mantri Awas Yojana: Overview
The Pradhan Mantri Awas Yojana (PMAY) is a government-backed housing scheme that aims to provide affordable housing to the disadvantaged population of urban and rural India. Launched in June 2015, the PMAY scheme facilitates interest subsidies for real estate purchases through Home Loans. The interest subsidy available to beneficiaries depends on their economic category and is limited by a maximum cap.
Applicants are categorised under four economic slabs – MIG I, MIG II, LIG, and EWS. Interested applicants should meet the minimum eligibility requirements to apply for benefits under the scheme.
The PMAY scheme is further bifurcated into the following segments:
- Pradhan Mantri Awas Yojana Urban (PMAY-U)
- Pradhan Mantri Awas Yojana Gramin (PMAY-G)
Please note:
- The EWS / LIG schemes have been discontinued w.e.f. March 31, 2022
- The MIG schemes (MIG I and MIG II) have been discontinued w.e.f. March 31, 2021
Pradhan Mantri Awas Yojana: Components
Here are the four components of the Pradhan Mantri Awas Yojana:
- In-Situ Redevelopment: This initiative focuses on rehabilitating slum dwellers through well-constructed urban establishments
- Credit Linked Subsidy: This initiative provides an interest subsidy of up to 6.5%* on Home Loans for eligible applicants
- Affordable Housing for All: This initiative is co-led by private and public stakeholders to create affordable housing projects in partnership
- Home Improvement Support: This initiative helps improve the quality of housing structures by funding the construction of basic sanity and living amenities
Pradhan Mantri Awas Yojana: Beneficiary List
The PMAY beneficiary list comprises families including husbands, wives, and unmarried children. Every earning adult member of a family is considered a separate household entity irrespective of their marital status. Units that include spouses and unmarried children are considered families.
Here is a list of beneficiaries who come under PMAY:
-
Economically Weaker Section (EWS): Includes applicants and families whose annual house income does not exceed Rs.3 Lakh
-
Light Income Group (LIG): Includes applicants and families whose annual house income ranges between Rs.3 Lakh to Rs.6 Lakh (maximum limit)
-
Medium Income Group (MIG I): Includes those applicants and families whose annual house income does not exceed Rs.12 Lakh
-
Medium Income Group (MIG II): Includes those applicants and families whose annual house income does not exceed Rs.18 Lakh
| Particulars | EWS | LIG | MIG I | MIG II |
|---|---|---|---|---|
| Maximum household income (rupees/p.a.) | 3 Lakh | 6 Lakh | 12 Lakh | 18 Lakh |
| Maximum Home Loan amount eligible for subsidy (rupees) | 6 lakh | 6 lakh | 9 lakh | 12 lakh |
| Interest subsidy (percentage/p.a.) | 6.50% | 6.50% | 4.00% | 3.00% |
The scheme also makes special provisions for SC/ST communities, senior citizens, female applicants, and applicants who opt for environmentally conscious housing.
Pradhan Mantri Awas Yojana: FAQs
The subsidy benefits of the Pradhan Mantri Awas Yojana extend to the following income classes:
- EWS: Households where the annual income is limited to Rs.3 Lakh
- LIG: Households where the annual income ranges between Rs.3 Lakh and Rs.6 Lakh
- MIG I: Households that earn an annual income between Rs.6 Lakh and Rs.12 Lakh
- MIG II: Households where annual income exceeds Rs.12 lakh but does not exceed Rs.18 Lakh
Interested applicants need to follow the steps mentioned below to check if their names appear in the beneficiary list:
- Visit the official PMAY portal.
- Navigate to the ‘Search Beneficiary’ option.
- Enter your Aadhaar number.
- Click on the ‘Show’ option for the PMAY list to display on your screen.
While the documentation requirements under PMAY are minimal, applicants will be expected to possess the following documents:
- Identity Proof: Aadhaar Card (mandatory), PAN Card (mandatory), along with other government issue ID cards
- Address proof: Aadhaar Card, Voter Card, or any other government issued residential proof
- Income proof: Bank statement (Last 6 months), ITR receipts, and salary slips
- Property documents: Copy of allotment letter, copy of developer payment receipt, etc.
Please note that the document list is generic and may differ from case to case. Self-employed applicants may need to show additional income proof.
Interested applicants may apply for the subsidy program in the following ways:
Online Application
-
Log on to the official PMAY portal.
-
Select the ‘Citizen Assessment’ tab on the dashboard and choose ‘Benefit under other 3 component’.
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Enter your Aadhaar Card number to proceed.
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Fill in the requested details on the application form.
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Save your application form and enter the captcha provided.
-
Submit the form after entering the captcha successfully.
Offline Application
Applicants can visit the state-run Common Service Centres, or any PMAY-listed lenders to fill out their application forms. A registration fee will be requested, upon submission.
Disclaimer:
- The EWS / LIG schemes have been discontinued w.e.f. March 31, 2022
- The MIG schemes (MIG I and MIG II) have been discontinued w.e.f. March 31, 2021
*Terms and conditions apply.
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