Pradhan Mantri Awas Yojana 2024 Eligibility Criteria, Documents, Benefits & Features

The Pradhan Mantri Awas Yojana (PMAY) is a government-sponsored house financing plan that was introduced in June 2015. This initiative seeks to provide affordable housing to the country’s economically disadvantaged, low-income, and middle-income people. PMAY provides assistance to these households to help them develop or acquire houses.

Pradhan Mantri Awas Yojana 2024

The government has changed the qualifying requirements for PMAY. If you want to build a home under the Pradhan Mantri Awas Yojana, you must first comprehend the plan. This page will go into depth on PMAY qualifying requirements, perks, and the application procedure.

Subsidy for House Construction

The Pradhan Mantri Awas Yojana (PMAY) aims to bridge the gap between housing demand and supply in metropolitan areas. The Credit Linked Subsidy Scheme (CLSS) encourages affordable housing for the needy while also assisting private developers in the rehabilitation of slum inhabitants. Under PMAY, the government gives a subsidy for house construction that is instantly deposited into the beneficiary’s bank account.

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The Primary Objective of PMAY

PMAY aims to provide affordable housing to all low-income individuals. The Union Cabinet has extended the Pradhan Mantri Awas Yojana Urban’s implementation duration till December 31, 2024, except the Credit Linked Subsidy Scheme. In addition, the overall objective for permanent dwelling construction has been reduced to 295 crore.

PM Awas Scheme Benefits & Features

• The Pradhan Mantri Awas Yojana (PMAY) provides a subsidy of Rs 1 lakh each home for slum redevelopment. Beneficiaries may receive up to a 6.5% interest subsidy on their home loans. This interest subsidy applies to a maximum loan term of 20 years or the applicant’s selected tenure, whichever is shorter. The government transfers the subsidy straight to the beneficiary’s bank account.
• PMAY offers affordable housing possibilities to those from low-income and economically disadvantaged backgrounds. In addition to subsidies, financial aid is given for home building and acquisition. This strategy is especially useful for people who do not yet own a home. Women are given special attention under PMAY, allowing them to become homeowners and live powerful lives in society.
• The scheme also extends to rural areas, ensuring housing facilities are available across the country. Special measures are implemented for constructing houses in disaster-affected regions, ensuring safety during calamities. Notably, there is no limit on the loan amount or property value under the Pradhan Mantri Awas Yojana.

Amount of Housing Subsidy by Government

The state has approved two lakh eligible participants for the PM Awas Yojana.Beneficiaries have been chosen from all districts, and the first installment of Rs. 30,000 has been handed for house building. The Rural Development Department has set aside Rs. 550 crore for this purpose in the first installment. The government would provide funds in four payments, with each beneficiary earning a total grant of Rs. 2 lakh under this initiative.

Beneficiaries

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

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Eligibility Criteria

To qualify for the Pradhan Mantri Awas Yojana (PMAY), applicants must satisfy the following requirements:

• Must be a citizen of India.
• The recipient family should not have a permanent home.
• Should not be receiving benefits from any other Housing Scheme of the Government of India or State Government.
• The yearly income of the Economically Weaker Section (EWS) should not exceed Rs 6 lakhs.
• The yearly income of the Low-Income Group (LIG) should be higher than Rs 6 lakh but less than Rs 12 lakh.
• The yearly income of Middle-Income Group I (MIG-I) should be between Rs 12 lakh and Rs 18 lakh.
• The yearly income of Middle-Income Group II (MIG-II) should not be more than Rs 18 lakh.

Need Documents

• Aadhar card
• Address proof
• income certificate
• age certificate
• mobile number
• bank passbook
• passport size photo

Step to Check Pradhan Mantri Awas Yojana Online

• Visit the official Pradhan Mantri Awas Yojana website at https://pmaymis.gov.in/.
• The homepage of the website will display.
• On the webpage, click on “Citizen Assessment” and then “Apply Online.”
• Enter the Aadhaar card number.
• To validate your Aadhaar number, click the “Check” option.
• Once authenticated, the PMAY application page will appear.
• Fill out all of the relevant information, including your personal information, income, bank account information, and any other necessary information.
• Check the “I am aware” box. Enter the captcha code and select the “Save” option.
• After saving, you will be assigned a unique application number.
• Download and print the filled-out application form.
• Submit the form and supporting documentation to your local Common Service Center or Financial Institution/Bank.

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Step to Check PMAY Application Status

To check the progress of your PMAY application, use the following steps:

• Visit the official PMAY website.
• The homepage will open.
• Select the “Citizen Assessment” option.
• Choose “Track Your Assessment.”
• A new page will load, providing two options to check your application status.:
  • By entering your name, father’s name, and mobile number.
  • By entering your assessment ID and mobile number.
• Select one of these alternatives and provide the relevant information.
• Click the “Submit” button.
• The status of the application will be presented.

Final Words

The Pradhan Mantri Awas Yojana for 2024 aims to provide affordable housing alternatives for economically disadvantaged individuals, including those with low and moderate incomes. PMAY provides subsidies and financial help to guarantee that every person has the opportunity to purchase a home. Understanding the qualifying requirements and application process is critical for reaping the full benefits of this plan. Apply online today to secure your dream house with the Pradhan Mantri Awas Yojana.