Pradhan Mantri Awas Yojana (PMAY) – A Complete Overview

By CMV360 Editorial Staff

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Updated On: 10-Feb-2023 12:26 PM

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The Pradhan Mantri Awas Yojana (PMAY) is a housing scheme launched by the Government of India in 2015.

The Pradhan Mantri Awas Yojana (PMAY) is a housing scheme launched by the Government of India in 2015. The scheme aims to provide affordable housing to the economically weaker sections and low-income groups of society. The scheme is being implemented by the Ministry of Housing and Urban Affairs and is being executed through various state governments and Union Territories.

The PMAY has two components, the Pradhan Mantri Awas Yojana - Gramin (PMAY-G) and the Pradhan Mantri Awas Yojana - Urban (PMAY-U). The PMAY-G targets the rural population, while the PMAY-U targets the urban population.

Under the PMAY-G, the government aims to construct around 2 crore houses in rural areas by 2022. These houses will be constructed using eco-friendly technologies and will be equipped with basic amenities such as toilets, drinking water, and electricity. The government will provide financial assistance of Rs. 1.2 lakh to Rs. 2.35 lakh per house to the beneficiaries, depending on the location and type of construction.

The PMAY-U, on the other hand, aims to provide affordable housing to the urban population, including the economically weaker sections, low-income groups, and middle-income groups. The government aims to construct around 1 crore houses in urban areas by 2022. The beneficiaries will receive financial assistance of Rs. 1.5 lakh to Rs. 2.5 lakh per house, depending on the location and type of construction.

Key points about the Pradhan Mantri Awas Yojana (PMAY) scheme:

PMAY Scheme Features and Benefits

The key features and benefits of the PMAY scheme include:

Beneficiaries under Pradhan Mantri Awas Yojana (PMAY)

The beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) scheme can be classified as follows:

In addition to these categories, individuals belonging to SC, ST, and OBC categories and women belonging to EWS and LIG income groups are also eligible for the PMAY scheme.

Criteria for Identifying Beneficiaries under PMAY -

The process for applying for Pradhan Mantri Aawas Yojana (PMAY) may vary depending on the state or region in which you live. However, in general, the following steps can be followed to apply for the scheme:

Note : The above process may vary depending on the state or region in which you live, you can contact the local authorities for more information on the specific process to apply for the scheme.

The scheme is being implemented through various government agencies such as the National Housing Bank, Housing and Urban Development Corporation, and National Buildings Construction Corporation, among others. The scheme also involves active participation from the private sector through public-private partnerships.

Types of PMAY Schemes

The PMAY scheme is divided into two sub-sections based on the area of focus:

Key Features of PMAY Scheme

Parameters of PMAY

PMAY Interest Subsidy

The PMAY scheme offers interest subsidy on housing loans for eligible beneficiaries, with the following details:

PMAY Subsidy Calculator

The PMAY subsidy calculator is an online tool that helps potential homebuyers calculate the monthly installment or EMI for their housing loan, based on the loan amount, interest rate and loan tenure. The PMAY scheme offers subsidised interest rates for the urban poor and weaker sections of society, making the process of purchasing a home more affordable. To use the calculator, visit the PMAY website and enter the loan amount, interest rate, and loan tenure in the designated fields. Then, click the 'Calculate' button to see the EMI amount. The website link is http://pmaymis.gov.in/EMI_Calculator.aspx

Steps to Obtain PMAY Interest Subsidy

Process for Transferring PMAY Subsidy to the Borrower's Bank

Eligibility Criteria for PMAY Loans

The government uses data from the 2011 Socio Economic and Caste Census (SECC 2011) to identify and select PMAY beneficiaries. Village panchayats and tehsils are consulted to ensure transparency and that only those who are deserving receive aid for housing.

Steps to Apply for PMAY Online

The application process for the PM Awas Yojana (PMAY) can be completed through the official PMAY website. The process is user-friendly and requires only an Aadhaar number to begin. Simply follow the on-screen instructions and complete the form to submit your application.

Checking the Status of PMAY Application

To check the status of your PMAY application, log in to the official PMAY website at https://pmaymis.gov.in. Navigate to the tracking option and follow the instructions to view the status of your application.
Additionally, if you need to edit your details after submitting application for PMAY, you can follow the following steps:

Phases of PMAY

The Pradhan Mantri Awas Yojana (PMAY) is a housing scheme that is executed in three phases -

PhaseStart DateEnd DateCities Covered
104/01/1503/01/17100
204/01/1703/01/19200
304/01/1903/01/22Remaining Cities

Functions of the PMAY Technology Sub-Mission

The PMAY Technology Sub-Mission aims to cover the following areas:

PMAY (U) State Level Nodal Agencies List

The top 10 banks in India that offer loans under the Pradhan Mantri Awas Yojana (PMAY) scheme are:

The PMAY is a significant initiative by the government to address the shortage of affordable housing in the country. It aims to provide a roof over the head for all citizens, particularly the economically weaker sections and low-income groups, by 2022. With the government's commitment and active participation from the private sector, the scheme has the potential to bring about a positive change in the housing scenario in India.

PMAY Customer Care Contact Information

For assistance with the application process, interest rates, or other scheme-related questions, customers can reach out to the following toll-free helpline numbers:

Individuals experiencing issues with the application process can contact the appropriate number based on their location.

Frequently Asked Questions about Pradhan Mantri Awas Yojana (PMAY)

1. How long does it take to receive the subsidy amount under PMAY?

It typically takes around 3 to 4 months for the subsidy to be credited to the beneficiary's account, subject to government verification processes.

2. How can I obtain an Assessment ID for PMAY?

The Assessment ID is generated by the PMAY portal after the applicant completes the registration process. This ID can be used to track the status of the application.

3. Can women apply for this scheme?

Yes, the scheme gives priority to women from lower income groups. However, if the applicant's husband, father, or any other family member that she resides with has applied, her application will be rejected.

4. What should I do if I am a senior citizen and wish to apply for a ground floor housing under PMAY?

You can apply as a senior citizen, since priority is given to senior citizens for ground floor housing. However, you should apply early as priority is also given to differently-abled beneficiaries.

5. What is DBT?

Direct Benefit Transfer (DBT) refers to the process of transferring the funds directly to the beneficiary's bank account instead of going through various offices and banks. This applies to the rural housing scheme under PMAY as well.

6. Why is the government geo-tagging properties under PMAY?

Geo-tagging helps in transparency and remote monitoring of the project's progress. It involves adding metadata to a photograph or map of the home located on the map, and helps retain updated satellite imagery of the progress of the project.

7. How long will the PMAY project last?

The PMAY project is expected to last until 2022. However, the construction and beneficiaries moving in may take longer.

8. What is the maximum annual income to be eligible for PMAY?

The maximum annual income should not exceed Rs. 18 lakhs. There is no lower limit for the PMAY income requirement.

9. What is a Central Nodal Agency in relation to PMAY?

These agencies are designated by the government to implement Credit linked subsidy programs.

10. What does carpet area mean in the context of Pradhan Mantri Awas Yojana?

Carpet area refers to the area enclosed within the walls, and is used to lay the carpet. It does not include the thickness of inner walls.

11. What is FAR in relation to PMAY?

FAR, or Floor Area Ratio, is a calculation of the total covered area on all floors divided by the plot area. However, local definitions may vary and will be considered to avoid confusion.

12. What is TDR or Transfer of Development Rights?

TDR refers to the additional built-up area that can be used by the owner of a surrendered or relinquished piece of land.

13. Can I apply without an Aadhaar Card?

An Aadhaar Card is required to apply online for PMAY. It is recommended to obtain one from a Common Service Center as soon as possible.

14. Is there a registration fee for PMAY?

There is an application fee of Rs. 25 plus service tax at Common Service Centers for PMAY. Online applications do not have any charges.