What Is PMAY, PMAY-U, PMAY-G, Apply & It’s Benefits

About Prime Minister Housing Scheme (PMAY)

How To Apply

The scheme of Pradhan Mantri Awas Yojana (PMAY) was launched by the Government of India with the objective of promoting cheaper homes than the expensive real state sector. The scheme aims to achieve its objective of “Housing for All” by constructing 20 million homes across the country by 31 March 2022 to commemorate the 150th birth anniversary of Mahatma Gandhi.

Based on the requirements of the regions, the scheme is divided into two parts – urban and rural.

1. Prime Minister Housing Scheme Urban (PMAY-U)

Currently, there are about 4,331 towns and cities under this scheme of Pradhan Mantri Awas Yojana Urban (PMAY-U). This includes Urban Development Authority, Special Area Development Authority, Industrial Development Authority, Development Zone, Notified Planning, and Urban Authority and all other authorities responsible for regulations.

This scheme will work in the following three phases:

Phase 1. Covering 100 cities in select states and union territories (UT) between April 2015 and March 2017.
Phase 2. Covering 200 additional cities between April 2017 and March 2019.
Phase 3. Covering the remaining cities between April 2019 and March 2022.
According to data from the Ministry of Housing and Urban Affairs (Ministry of Housing and Urban Affairs), as of 1 July 2019, the progress of PMAY-U in all states and union territories is as follows:

  • Approved House – 83.63 Lakh
  • Completed Houses – 26.08 Lakh
  • Acquired House – 23.97 Lakh

As per the same data, the total amount to be invested is Rs. 4,95,838 crores, out of which Rs. An amount of 51,414.5 crores has already been released. Prime Minister Housing Scheme Rural (PMAY-G)

2.Pradhan Mantri Awas Yojana Gramin (PMAY-G)

Pradhan Mantri Awas Yojana Gramin (PMAY-G) was earlier called Indira Awaas Yojana. However its name was changed in March 2016. Its goal is to promote affordable and accessible housing for the whole of rural India except Delhi and Chandigarh.

Its objective is to provide financial assistance to the homeless and to those living in old houses to build pucca houses. The beneficiary living in the plains is Rs. 1.2 lakh and up to Rs. 100 / – for housing residing in North-Eastern, hilly areas, Integrated Action Plan (IAP), and inaccessible areas. Up to 1.3 lakhs can be availed. At present, according to the data available from the Ministry of Rural Development, 1,03,01,107 houses have been approved in all states and union territories.

In an effort to promote procurement in the real state sector, the government introduced PMAY, this cost of housing development will be shared between Central and State Government in the following ways:

  • 64:40 for plain areas.
  • 90:10 for the north-eastern and mountainous regions.

The beneficiaries of this PMAY scheme will be identified according to the data available from the Socio-Economic and Caste Census (SECC) and will include –

  • Scheduled Castes and Scheduled Tribes.
  • Minorities coming to non-SC / ST and BPL.
  • Independent bonded labor.
  • Families and widows of paramilitary forces and those killed in the action, ex-servicemen, and persons under the retirement scheme are included.

Components of PM Awas Yojana

There are four major features of this scheme:

I. Credit Linked Subsidy Scheme (CLSS)

For those who are eligible for this scheme, CLSS provides subsidy at home loan interest rates. The PMAY subsidy rate, subsidy amount, maximum loan amount, and other details are mentioned below:

Ews Lig MIG I MIG II
Maximum Home Loan Amount Rs. 3 Up to a Lac Rs. 3-6 Lac Rs. 6-12 Lac Rs. 12-18 Lac
Interest subsidy 6.50% 6.50% 4.00% 3.00%
Maximum interest subsidy amount Rs. 2,67,280 Rs. 2,67,280 Rs. 2,35,068 Rs. 2,30,156
Maximum carpet area 30 sq. m. 60 sq. m. 160 sq. m. 200 sq. m.

The maximum period of home loan under CLSS is 20 years. The NPV or net present value is assessed at a discounted rate of 9% of the interest subsidy.

II. Redevelopment of the slum in the same location using the land as a resource

The objective of this scheme is to rehabilitate land with settlements as a resource, in collaboration with private organizations to provide houses to families living in such places.

The central government determines the prices of the houses, and the beneficiary’s contribution (if any) is decided by the respective state or union territory (UT).

III. Affordable Housing in Partnership (AHP)

Affordable Housing in Partnership (AHP) on behalf of the Central Government to purchase houses for EWS families for Rs. Provides financial assistance of 1.5 lakhs. States and Union Territories (UTs) can partner with the private sector or their agencies for such housing projects.

IIV. Construction or improvement of own house done by the beneficiaries

This component of the PM Awas Yojana targets those EWS families who cannot avail the last three components. Such beneficiaries receive Rs. Financial assistance up to Rs 1.5 lakh will be received which they can use to build the house or to improve the existing house.

Official GOVT Website to check LIST For All States

52 Comments on “What Is PMAY, PMAY-U, PMAY-G, Apply & It’s Benefits”

  1. I had borrowed loan from sbi on 9th June 2105,aftermath I had applied for pmay scheme, but the bank authorities have rejected due to my loan was sanctioned prior to date mentioned in the circular. Sbi circular no 683/2016-17dt 25-08-16.So plz help me in this regard.

  2. Ye yojna ka labh jrurt Mando ko phle dijeye jinke all ready mkan bne hai unko hi panchayt wale phle bna ke de rhi hai yhi hai Kya niyam jo log jhopdi me hai unhe q ni dete phle jab vha koi dab ke marega kuch hoga to neta paise leke aate hai mujhe jrurt hai dekhti hu kb tk yojna ka labh milta hai mere Ghar me kisi ko agar kuch hoga to panchayt or govt jvab dar rhegi

  3. महोदय,
    कटरा, शाहजहाँपुर,उप्र से सुजाता देवी w/0अशोक कुमार वर्मा को आवास के तहत 200000 रुपए मिल चुके हैं जिससे उन्होंने मकान का निर्माण कार्य करवाया है।मकान नवम्बर2018में बन कर लगभग तैयार हो चुका है।कुछ कार्य रह गया है। शेष रुपये कब आएगा!!
    #सुजाता देवी

  4. Pmay ग्रामीण बहुत अच्छी योजना है जिस से हर गरीब अपने पक्के घर मे रह सकता है लेकिन शहरी व ग्रामीण योजना में पात्रता की शर्तें अलग अलग हैं जबकि गांव वासी शहरी की अपेक्षा गरीब होता है।

  5. हमारे भी कच्चा मकान हे अबी तक हमको कोई सहायता नही

  6. Amar lone emi 13 month hoya galo but ami akhono ai subida pai ni samosto paper submit kora acha.lone gic Housing finance kolkata thaka nao acha

    1. 24 pgs( s ), হাজার হাজার মানুষের মাটির ঘর ।জল পড়ে ।মোদীজিই দিকেই তাকিয়ে আছে ।24 pgs (s) . Pathar pratima ব্লক digambarpur গ্রাম পঞ্চায়েত রাষ্ট্র পতি পুরষ্কার প্রাপ্ত , মানুষের মাথা গোজার স্থান নেই ।

  7. Pm Narendra modi ji apse hat jod kar vinti h k mera mkan bilkul kaca v purana ho cuka h aur tut bhi gya h apsa nivedan h k muje PM.avash yojna ka lab dene ki kirpa kare apka bahut dhanyavad hoga jai hind preet Singh vpo bansa karnal shiv mandir k paas

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