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Pradhan Mantri Awas Yojana 2023 | PM Awas Yojna Apply Online | Home loan Subsidy Scheme
Friends, you want to build your house but you are not able to afford the loan from banking, then there is no need to worry. Even if you get a loan from the bank, the interest of the loan is very high, and there are many hidden charges of the banks which are later recovered from you.You will be happy to know that the Government of India has launched Pradhan Mantri Awas Yojana which provides you a cheap loan to build a house. Be it urban or rural area. I am going to give you complete information in this article, you just have to read it patiently till the end.
First of all, let us understand that we know about Pradhan Mantri Awas Yojana .
What is Pradhan Mantri Awas Yojana? Pradhan Mantri Awas Yojana subsidy
Pradhan Mantri Awas Yojana is a government run home loan scheme which was launched by the Prime Minister of India in June 2015 with the objective of providing affordable houses to the people of India. The objective of which is to provide water connection, electricity facility and toilets to the needy people by March 31, 2022.
Pradhan Mantri Awas Yojana aims to provide this facility to 2 crore Indian people by Pradhan Mantri Awas Yojana.
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What are the benefits and features of Pradhan Mantri Awas Yojana (PMAY)?
Friends Pradhan Mantri Awas Yojana (Pradhan Mantri Awas Yojana in Hindi) is as follows and the main features.
- Provides interest subsidy of up to 6.5% on home loans.
- For the rehabilitation of slum dwellers Rs. Provides subsidy of 1.00 lakh per family
- For each unit of affordable housing in individual house construction/extension Rs. Provides central assistance up to 1.50 lakhs.
- To encourage women to become co-applicants or home owners.
- The loan interest subsidy is applicable for a maximum period of 20 years or the period availed by the applicant, whichever is less.
- Ground floor is mandatory for senior citizens and handicapped.
- No limit on loan amount or property value.
- It is necessary to take care of some other important things like it is mandatory to get the map of the house approved before the construction of the building.
- The construction should be as per the National Disaster Management Authority (NDMA) guidelines and the quality of the house/flat should be National Building Code (NBC).
- The building must be constructed with eco-friendly materials.
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Who will benefit from Pradhan Mantri Awas Yojana (PMAY)?
Now the question is who can take the greed of Pradhan Mantri Awas Yojana and are you eligible for it? Check the list given below for those who can get Pradhan Mantri Awas Yojana.
- SC, ST,OBC.
- Economically Weaker Section (EWS) families whose annual income does not exceed Rs 3 lakh
- Low income (LIG) families whose annual income is between Rs 3 lakh to Rs 6 lakh
- Middle Income Group I (MIG I) families with an annual income of Rs 6 lakh to Rs 12 lakh
- Middle Income Group II (MIG II) families with an annual income of Rs 12 lakh to Rs 18 lakh
- Women coming under Economically Weaker Section (EWS) and Low Income (LIG) category
Pradhan Mantri Awas Yojana Eligibility Conditions- PMAY Eligibility Criteria
If you come under the category of beneficiaries of Pradhan Mantri Awas Yojana, then you have to see some other criteria whether you are eligible for this facility or not?
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- The beneficiary should not be taking advantage of any type of housing scheme whether it is being run by the Central Government or the State Government.
- One must not possess any pucca house.
- The beneficiary family should not be availing the subsidy of Pradhan Mantri Awas Yojana from any Primary Lending Institution (PLI).
- Single married couple jointly owned or individually will be eligible for the subsidy.
- Those who had earlier availed the subsidy on home loan cannot claim the subsidy again.
- Beneficiary families will have to submit their Aadhaar number to get benefits under MIG income group.
- CLSS subsidy can be availed only on a property which has basic amenities like water, sanitation, road, sewerage, electricity etc.
- It is also mandated to be located in notified towns including statutory towns and planned towns as per the 2011 census.
- People from low and middle income families will be eligible for the Credit Linked Subsidy Scheme (PMAY) under PMAY 2019.
- EWS category beneficiaries will get full assistance under the scheme.
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What are the reasons for starting Pradhan Mantri Awas Yojana (PMAY)?
Pradhan Mantri Awas Yojana (PMAY) is the result of a visionary thinking, it was started so that the people of the country can be provided with pucca houses at an affordable cost. As you all know that about 25 percent of the people in the country live in slums, this scheme especially gives loans to those people to give or build a pucca house which is with subsidy.
The main reasons for it are as follows:-
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Pradhan Mantri Awas Yojana
- The central government provides financial assistance of up to 1.50 lakhs for the repair or construction of houses for the EWS families under the PM Awas Yojana.
- Relocation of slum dwellers to housing and integration of slums into urban agglomerations in collaboration with private companies. People living in slums are also given one lakh rupees for the house.
- To provide affordable prime ministerial housing in partnership with the public and private sectors.
- Central financial assistance up to 1.5 lakh to EWS families. States and Union Territories can partner with agencies or the private sector for affordable housing schemes.
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Pradhan Mantri Awas Yojana List
When you apply for Pradhan Mantri Awas Yojana, then after that you will get a reference code from which you can know whether your name is registered in Pradhan Mantri Awas Yojana or not. The list that will be in front of you will only have the names of those whose applications have been accepted.
Pradhan Mantri Awas Yojana is applicable in all the states and union territories of India, so you can apply online if you are from any state and if you are eligible.For more information about Pradhan Mantri Awas Yojana Rural List and Pradhan Mantri Awas Yojana Urban List, you can check by visiting different official sites of both of them.
How to apply Pradhan Mantri Awas Yojana online?
PM Awas Yojana (Pradhan Mantri Awas Yojana in Hindi) is applied in two ways, one if you are making a fresh application and second if you are an existing home loan holder and applying for Pradhan Mantri Awas Yojana.Lightning Rupee loan app | New Fast Approval Loan App
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Application Process for New Applicants
- First of all, to apply online for Pradhan Mantri Awas Yojana, visit the official website “http://pmaymis.gov.in/” – PM Awas Yojana
- Now select the third option in the Citizen Assessment menu drop down Apply Online.
- Now enter your Aadhaar 12 digit number and name.
- After Aadhar card number verification, you will directly reach the PMAY application page.
- Now you have to fill some of your personal information like income and bank statement.
- Tick the “I am aware of…” checkbox, enter the captcha and click on the “Save” button.
- Now you have an automatic application number which will be used to track the application in future.
- Take a print out of the filled form and supporting documents and submit the form at your nearest Common Service Center (CSC) or Financial Institution / Banks.
- Application process for existing home loan applicants
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Home loan applicants who are eligible for the Pradhan Mantri Awas Yojana (PMAY) subsidy but have not yet availed the same while availing the home loan can submit their application. The bank will process your request and submit it to the National Housing Bank (NHB) for claim. After data verification and other checks, NHB will disburse the amount to the lending institution which will adjust the loan by crediting the subsidy to the applicant’s respective home loan account.
FAQ
How to download Pradhan Mantri Awas Yojana Application Form?
Visit the official website of Pradhan Mantri Awas Yojana (PMAY) and select the option of Print Assessment from the Citizen Assessment menu. Now you have to fill some information and assessment ID and now you can print your assessment form.
How to track the status of your application?
You can check the status of your form online on the official website of Pradhan Mantri Awas Yojana (PMAY), only you have to give some of your information or by your assessment number.
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How many types of Pradhan Mantri Awas Yojana are there?
Friends, there may be a doubt in your mind that for whom is this scheme? There are two types of Pradhan Mantri Awas Yojana. Pradhan Mantri Awas Yojana is for both rural and Pradhan Mantri Awas Yojana residents of urban area.Pradhan Mantri Awas Yojana in Hindi, know the banks which are associated with this scheme
Banks Providing Pm awas Yojana Scheme
State Bank of India – SBI
Bank of Baroda – BOB
Karnataka Bank Limited – KBL
ICICI Bank Limited – ICICI Bank
HDFC Bank – HDFC Bank
Axis Bank Limited – Axis Bank
Karur Vysya Bank Limited – Karur Vysya Bank
Kotak Mahindra Bank – Kotak Mahindra Bank
Indiabulls – Indiabulls
LIC Housing Finance – LIC Housing Finance
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IIFL Federal Bank – IIFL
Yes Bank – Yes Bank
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Bajaj Housing Finance Limited – Bajaj Housing Finance
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Conclusion:
Friends, I hope that by now you have got complete information about Pradhan Mantri Awas Yojana (Pradhan Mantri Awas Yojana in Hindi). If you still have any question in your mind, then without hesitating ask in the comment box, you will get the answer soon. Friends, I have a request to you, if you have got information from this article of mine Pradhan Mantri Awas Yojana, then share it with your friends.
