Launched by the government in 2015, the Pradhan Mantri Awas Yojana aims to provide housing to the economically weaker section in rural and urban India. It targets building two million homes with basic amenities like electricity, water, and cooking gas by 2022.
The main difference it makes for you is the upfront interest subsidy of up to 6.5% on home loans for 20 years. You also get other benefits under the scheme depending on the category you belong to among the lower-income and middle-income groups. The application deadline for MIG ended on 31st March 2021, but EWS/LIG can apply till 31st March 2022.
Check eligibility criteria:The aim is to build a pucca house for the underprivileged population. Hence, you must not own one in any part of the country in your or a family member’s name. This should account for your first time getting central/state assistance for housing. An adult membership and female co-owner are required for PMAY. Property purchased should fall under the 11 statutory towns in the country.
Selecting categories: You should belong to the following categories to apply for the Yojana. It is mandatory to have accompanying proof of such economic status:
Economically weaker section: Annual household income lower than Rs. 3 lakh.
Low-income group: Annual household income ranging between Rs. 3 lakh to 6 lakh.
Middle-income group: This section is divided into I and II. The former includes income class below Rs. 12 lakh, and the latter includes annual earnings ranging between 12 lakh to 18 lakh.
Documentation: Your form gets considered only when you have the supporting documents as proof. This includes identity, income, and address proof. As for the property, you must attach valuation papers, agreement of construction, property allotment proof, no objection certificate, etc.
Online mode: Apply for Pradhan Mantri Awas Yojana online is the easiest and quickest. Follow these steps:
Log on to the official website of the PMAY scheme.
Select the ‘benefit under other three components’in the ‘CitizenAssessment’ drop-down menu.
Enter your Aadhar number and click submit.
You then get directed to the personal information page. Enter all the necessary details like your name, birth date, address, contact number, etc., in the form.
Complete the captcha code test to submit the form.
Your application gets registered. You can track assessment status under the ‘Citizen Assessment’ section.
Offline application: If the online method is not feasible for you, opt for offline mode. Here, you visit a nearby Common Service Centre (CSC) available in every state and union. Fill in the physical form costing Rs. 25 plus GST. Make sure to carry all the supporting documents like your identity and income proofs while visiting for application.