Pradhan Mantri Awas Yojana (Housing for All 2022 Scheme)

How to Apply for the PM Awas Yojana Online

• Visit the PM Awas Yojana official website http://pmaymis.gov.in/
• Under the “Menu” section, find the “Citizen Assessment” option
• Enter your 12-digit Aadhaar card number
• Once you have entered your Aadhar information, you will be redirected to the application page
• You will be asked to enter your personal details, income details, current residential address, and your bank account details
• Enter all information in the application
• Click on “I am aware of” option at the end of the page and click the “Save” button
• Once you click the “save” option, you will see a system generated application number which you can save for future reference
• Download and print the duly-filed application
• Submit the form at your nearest CSC office centres and financial institution/banks along with the required documents

Before you fill the PMAY Scheme application, make sure that you have checked your eligibility and your name is listed in the beneficiary list. You can check if you are eligible by submitting your BPL certificates to the lending institution and they will notify you if you are eligible to apply for PM Awas Yojana scheme. Alternatively, you can also check the list of beneficiaries online by visiting the official website. The list of beneficiaries available in the website is periodically updated. Make sure you check the recent list.

The online application process to apply for PMAY Scheme is very simple, convenient, and saves a lot of time. Make sure you have your savings bank account details and your household income details when you are applying for Pradhan Mantri Awas Yojana online.

How to Edit Your Details After Submitting Application for PMAY

• Visit the official website of Pradhan Mantri Awas Yojana
• Enter your application reference number and your Aadhaar details
• Click on the “Edit” option
• You will now be allowed to edit your application details

What PMAY Scheme offers in a Nutshell

Particulars	MIG 1	MIG 2
Annual income (Household Income)	Between Rs.6 lakh to Rs.12 lakh	Between Rs.12 lakh to Rs.18 lakh
Subsidy on interest	4.00%	3.00%
Tenure of the loan to qualify for the subsidy	20 years	20 years
Loan amount to qualify for the subsidy	Rs.9 lakh	Rs.12 lakh
Minimum carpet area(Square metres)	90 square metres	110 square metres
Maximum carpet area(Square feet)	968.5 square feet	1,184 square feet
Discount rate for NPV	9.00%	9.00%

How to Get Interest Rate Subsidy under Pradhan Mantri Awas Yojana

• Apply for a home loan from any listed lending institution asking for subsidy.
• The lending institution will review your application and you are eligible, your application will be sent to the Central Nodal Agency.
• Upon verification, if your application is approved and no discrepancies are found, the Central Nodal Agency will disburse the subsidy amount to the lending institution.
• This amount will be credited to your account by the lending institution which will lower your total loan amount.
• You can continue paying the EMIs towards the balance loan amount.

Objectives of PMAY Scheme

Based on recent estimates, as of September 2016, the population of the urban dwellers in India increased at an alarming rate and is expected to see a greater rate of growth in the following years. It is said that by 2050, urban dwelling population will rise to 814 million people. The calculation predicted is almost twice the number that already reside in urban areas. The major challenges also include providing people with housing options that are affordable and other major related concerns such as sanitation along with sustainable development. The Ministry also has to ensure a sustainable and safe environment for the urban population.

• The main objective of the PM Awas Yojana Scheme is housing that is affordable for all by the year 2022.
• It also intends to make it accessible to demographics that are specific such as economically challenged groups, women along people belonging to minorities such as Scheduled Castes and Scheduled Tribes.
• The Government’s other goal is directly in association with some of the most ignored demographics which include widows, lower income group members, transgender and henceforth provide them with sustainable and affordable housing scheme.
• Special preferences for ground floor properties will be given to differently abled and senior citizens if required.
• Registration is mandatory to avail the benefits of this scheme which includes the strict beneficiary names to be mothers or wives.

This scheme launch is intended to target urban areas of the following options to States or Union Territories as well as cities as mention earlier.

Beneficiaries Under the Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana targets specific groups like:

• Women
• Scheduled Caste
• Scheduled Tribe
• Economically weaker section of the society
• Low income group population
• Medium income group 1
• Medium income group 2

Three Phases of Pradhan Mantri Awas Yojana

The PMAY Scheme will be executed in three phases. Refer to the below tables for more details:

Phase 1

Start date	04/01/15
End date	03/01/17
Cities covered	100

Phase 2

Start date	04/01/17
End date	03/01/19
Cities covered	200

Phase 3

Start date	04/01/19
End date	03/01/22
Cities covered	Remaining cities

Home Loan Interest Rate for PMAY Scheme

Home loan interest rate is around 9% at present. So, if 4% interest subsidy on a loan of up to Rs.9 Lakhs is applied, then the E.I.R (Effective Interest Rate) would be 5%, which will benefit the borrowers.

Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme

Eligibility	Income Range	Carpet Area	Rate of Interest
Economically weaker sections	Max of Rs.6 lakh	30 sqm	6.50%
Lower Income groups	Max of Rs.6 lakh	60 sqm	6.50%
Middle Income Group 1	Less than Rs.12 lakh	110 sqm	4.00%
Middle Income Group 2	Between Rs.12 lakh and Rs.18 lakh	150sqm	3.00%

Pradhan Mantri Awas Yojana EMI Calculator

Pradhan Mantri Awas Yojana scheme aims to simplify the process of purchasing a home for the urban poor and weaker sections of society through EMIs at reasonable rates of interest. The rate of interest is comparatively much lesser than commercial rates, thus offering people subsidised loans.

To calculate the EMI log on to the Pradhan Mantri Awas Yojana website and fill in the following details: http://pmaymis.gov.in/EMI_Calculator.aspx

• The total loan amount in rupees
• The rate of interest
• The total loan period in months

Once the following details are submitted, click on the ‘Calculate’ option. This will give you the monthly installment or EMI payable in rupees.

PMAY Functions of Technology Sub-Mission:

PM Awas Yojana Technology Sub Mission will cover following:

• Better Habitat Designing & Planning of the Buildings
• Planning to Develop Environment Friendly Houses
• Best Construction Practices
• Arranging the Most Innovative Technologies
• Picking the Most Suitable Materials

How Does PM Awas Yojana Work Through the Borrower’s Bank:

The bank from where the individual is taking the loan will claim the subsidy benefit for the eligible applicants from the National Housing Bank (NHB). The National Housing Bank will then check to investigate whether anyone is making multiple applications under the scheme. Once confirmed, the CLSS or subsidy amount will be given to the borrower’s Bank. Once the amount is received, the money would be credited directly to the Loan Account.

Toll Free Helpline Number for PMAY Scheme

In case of any queries relating to the application process, interest rates and any other scheme related queries, customers can contact the toll free helpline number:

• 1800-11-6163 (Urban, HUDCO)
• 1800-11-3388 (Urban,NHB)
• 1800-11-3377 (Urban,NHB)
• 1800-11-6446 (Gramin)

Those facing any issues related to the application process can contact the above toll free numbers according to the locations.

Pradhan Mantri Awas Yojana Loan Amount Doubled – 2017

On 2nd January, 2017, Narendra Modi, the Prime Minister of India, doubled the loan amount under Pradhan Mantri Awas Yojana that is eligible for interest subsidy for urban areas.

Updates:

The government will now provide the following under this scheme:

• Loans of up to Rs.12 lakhs with up to 4% interest subvention.
• If people borrow up to Rs.2 Lakhs for the purpose of purchasing a new home or for housing extension in rural areas, then they will get 3% interest subvention.
• If people borrow loan of up to Rs.9 Lakhs in 2017, they will get 4% interest subvention.
• If people borrow loan of up to Rs.12 Lakhs in 2017, they will get 3% interest subvention.

Apart from the above, the government will create 2 new middle income categories in urban areas under Pradhan Mantri Awas Yojana.

States and Union Territories Covered Under PMAY Scheme

Andaman and Nicobar	Madhya Pradesh
Andhra Pradesh	Manipur
Arunachal Pradesh	Nagaland
Assam	Odisha
Bihar	Puducherry
Chattishgarh	Punjab
D and N Haveli	Rajasthan
Daman & Diu	Sikkim
Gujarat	Tamil Nadu
Goa	Telangana
Haryana	Tripura
Himachal Pradesh	Uttar Pradesh
Jammu & kashmir	Uttarakhand
Jharkhand	West Bengal
Karnatka	Kerala

List of Banks and Housing Finance Ltd for Home Loan Under PMAY Scheme

Housing Finance Companies Under PMAY

IKF Housing Finance Private Limited	Manipal Housing Finance Syndicate Ltd.
Ummeed Housing Finance Private Limited	Mamata Housing Finance Company Pvt. Ltd.
West End Housing Finance Limited	Mahindra Rural Housing Finance Ltd.
Viva Home Finance Ltd.	Magma Housing Finance
Vastu Housing Finance Corporation Ltd	LIC Housing Finance Ltd.
USB Housing Finance Corporation Ltd	L&T Housing Finance Ltd.
Tata Capital Housing Finance Ltd.	Khush Housing Finance Ltd.
Swarna Pragati Housing Microfinance Private Limited	India Shelter Finance Corporation Ltd.
Swagat Housing Finance Company Ltd.	India Infoline Housing Finance Ltd.
Supreme Housing Finance Limited	India Home Loan Ltd.
Sundaram BNP Paribas Home Finance Ltd.	India Bulls Housing Finance Ltd.
SRG Housing Finance Ltd.	ICICI Home Finance Company Ltd.
Shubham Housing Development Finance Company Pvt. Ltd.	Housing Development Finance Corporation Ltd.
Shriram Housing Finance Ltd.	Housing and Development Corporation Limited
SEWA Grih Rin Ltd.	Home First Finance Company Ltd.
Saral Home Finance Ltd.	Hinduja Housing Finance Limited
Sahara Housing Finance Corporation Ltd	HBN Housing Finance Ltd.
Repco Home Finance Ltd.	Habitat Microbuild India Housing Finance Company Pvt. Ltd.
Religare Housing Development Finance Corporation Ltd.	GRUH Finance Ltd.
Reliance Home Finance Ltd.	GIC Housing Finance Ltd
RAAS Housing Finance (India) Ltd.	Fullerton Home Finance Company Ltd
PNB Housing Finance Ltd.	Fast Track Housing Finance Company Ltd.
Panthoibi Housing Finance Company Ltd.	Equitas Housing Finance Pvt. Ltd.
Orange City Housing Finance Ltd.	Edelweiss Housing Finance Pvt. Ltd
North East Region Housing Finance Ltd.	DMI Housing Finance Pvt. Ltd.
Nivera Home Finance Ltd	DHFL Vyasa Housing Finance Ltd
New Habitat Housing Finance and Development Ltd.	Dewan Housing Finance Corporation Ltd.
National Trust Housing Finance Ltd.	Cent Bank Home Finance Ltd.
Muthoot Housing Finance Company Ltd.	Capri Global Housing Finance Private Limited
Muthoot Homefin Ltd.	Capital First Home Finance Ltd.
Micro Housing Finance Corporation Ltd	Can Fin Homes Ltd.
Mentor Home Loans India Ltd.	AU Housing Finance Ltd.
MAS Rural Housing and Mortgage Finance Ltd.	Aspire Home Finance Corporation Ltd.
Manappuram Home Finance Pvt. Ltd.	Aptus Value Finance Corporation Ltd.
Aditya Birla Housing Finance Ltd.	Aptus Value Housing Finance India Ltd.
Aadhar Housing Finance Ltd.	Akme Star Housing Finance Ltd.

List of Banks Under PM Awas Yojana Scheme

Public Sector Banks	Private Sector Banks	Regional Rural Banks	Co-operative Banks
Vijaya Bank	South Indian Bank Ltd.	Ellaquai Dehati bank	Janta Sahakari Bank Ltd
Central Bank of India	Nainital Bank Ltd.	Purvanchal Bank	The Punjab State Cooperative Bank Ltd.
State Bank of Patiala	Lakshmi Vilas Bank	Vanachal Gramin Bank	Uttarakhand State Cooperative Bank Ltd.
United Bank of India	J & K Bank	Uttarbanag Kshetriya Gramin Bank	Shree Panchganag Nagari Sahakari Bank Ltd.
UCO Bank	Dhanlaxmi Bank Ltd	Telangana Grameena Bank	Kerala State Co-Operative Bank Ltd.
Syndicate Bank	City Union Bank	Satlij Gramin Bank	Karad Urban Co-operative Bank Ltd.
State Bank of Travancore	Yes Bank	Sarva UP Gramin Bank	Meghalaya Co-Operative Apex Bank Ltd
State Bank of Mysore	The Federal Bank Ltd.	Rajasthan Marudhara Gramin Bank	Sangli Urban Co-Operative Bank Ltd.
State Bank of Hyderabad	Karur Vysya Bank Ltd.	Meghalaya Rural Bank	The Surat People’s Cooperative Bank Ltd.
State Bank of Bikaner & Jaipur	Karnataka Bank Ltd.	Jharkhand Gramin Bank	The Goa State Co-Operative Bank Ltd.
Punjab National Bank	ICICI bank Ltd.	J& K Grameen Bank	Sikkim State Co-Operative Bank Ltd.
Punjab & Sind Bank	DCB Bank Ltd.	Bihar Gramin Bank	Shikshak Sahakari Bank Ltd.
Indian Bank	Axis bank Ltd.	Baroda Rajasthan Kshetriya Gramin Bank	Sardar Bhiladwala Pardi People’s Co-Operative Bank Ltd.
Dena Bank	Catholic Syrian Bank	Bangiya Gramin Vikas Bank	Odisha State Cooperative Bank
Corporation Bank	Tamilnad mercantile Bank Ltd	Chaitanya Godavari Grameena Bank	Nutan Nagarik Sahakari Bank Ltd.
Canara Bank		Central Godavari Grameena Bank	Mizoram Cooperative Apex Bank Ltd.
Bhartiya Mahila Bank Ltd.		Sarva Haryana Gramin Bank	Mehsana Urban Co-Operative Bank Ltd.
Bank of Maharashtra		Kaveri Grameena Bank	Mahanagar Co-Operative Bank Ltd.
Bank of India		Dena Gujarat Gramin Bank	Kalupur Commercial Co-operative Bank Ltd.
Bank of Baroda		Baroda Gujrat Gramin bank	Jharkhand State Co-Operative Bank Ltd.
Andhra Bank		Assam Gramin Bank	J&K State Cooperative Bank
Allahabad Bank		Arunachal Pradesh Rural Bank	Cosmos Co-operative Urban Bank Ltd.
Oriental bank of Commerce		Andhra Pradesh Grameena Vikas Bank	Cosmos Co-operative Urban Bank Ltd.
Indian Overseas Bank		Allahabad UP Gramin Bank	Chhattisgarh Rajya Sahakari Bank Maryadit
		Punjab GRamin Bank	Bihar State Co-operative Bank Ltd.
		Baroda Uttar Pradesh Gramin Bank	Jalgaon Janata Sahakari Bank Ltd.
		Gramin Bank of Aryavart	Sarvodaya Commercial Co- operative Bank
		Prathama Bank	Citizen Credit Co-op Bank Limited
		Uttar Bihar Gramin Bank	The Nawangar Co-operative Bank Ltd.
		Pandyan Grama Bank	The Greater Bombay Co- operative Bank Ltd.
		Kashi Gomti Samyut Bank	The Bharat Co-operative Bank (Mumbai) Ltd.
		Odisha Gramiya Bank	The West Bengal State Co- operative Bank Ltd.
		Madhyanchal Gramin Bank	The Kalyan Janata Sahakari Bank Ltd.
		Tripura Gramin Bank	The Gujarat State Co-operative Bank Ltd
		Chhattisgarh Rajya Gramin Bank	The Ahmedabad Mercantile Co- operative Bank Ltd.
		Utal Grameen Bank	Shri Mahila Sewa Sahakari Bank Ltd.
		Saurashtra Gramin Bank	Rajkot Nagarik Sahakari Bank Limited
		Pragathi Krishna Gramin Bank	Punjab & Maharashtra Co- operative Bank Ltd
		Narmada Jhabua Gramin	Prime Co-operative Bank Ltd.
		Nagaland Rural Bank	Bombay Mercantile Co-operative Bank
		Mizoram Rural Bank
		Manipur Rural Bank
		Maharashtra Gramin Bank
		Madhya Bihar Gramin Bank
		Langpi Dehangi Rural Bank
		Kerala Gramin Bank
		Karnataka Vikas Grameena Bank

FAQs on Pradhan Mantri Awas Yojana

You still may have some questions, regarding some terms that you may not be familiar with or some queries that you may have about. Here are some of these most commonly asked questions about PMAY and PMAY Gramin:

1. If I am a woman can I apply for this scheme?Yes, this scheme gives priority to women who are running a family within the lower income groups. However, if your husband, father or any other family member that you reside with has applied, your application will be rejected.
2. I am a senior citizen and fall under the local income groups? While the PMAY scheme seems financially viable, as an elderly person I would prefer a housing in the Ground Floor. What should I do?You simply need to apply as a senior citizen, since all senior citizens are provided the priority for having access to Ground floor housing. However, ensure that you apply early since the priorities among senior citizens for ground floor is also shared with differently abled beneficiaries as well.
3. What does one mean by DBT?People refer to Direct Benefit Transfer as DBT. This means that the beneficiaries will receive the funds they are expected to receive, in the form of installments, under the scheme, directly in their bank accounts, instead of having to go through random offices and banks. The funds allocated for the rural housing scheme under PMAY will also be sent off to the beneficiaries through direct fund transfer to the bank accounts of the listed and identified beneficiaries. Labour allocation and labour training for the Awas Yojana
4. Why will the Government geotag the properties under the PMAY housing project?The importance of transparency in the whole housing project is essential, right from the scheme rules and regulations being created to the basic requirement of sanitation being implemented in the housing. All of that must be followed, which requires geo tagging, to have all information available for parties involved, whenever needed. Geo tagging, basically means adding metadata to a photograph or map of your home located in the map. It also helps retain updated satellite imagery of the progress of the project. This helps to remotely monitor each unit, without having to be there in person.
5. How long will the PMAY project last?The PMAY project is supposed to last until 2022. But, this is the date, which ensures that all the regions in India have beneficiaries, who can avail the scheme. The construction and ultimately the beneficiaries moving in may take longer.
6. How Do I Find out whether my town or city is part of the first phase?Simply go online, and check for the list of cities in the the first Phase of the PLAY project.
7. Transgenders are also a part of the Indian society. As a transgender can I apply?Transgenders often belong to low income groups and economically challenged groups. As long as they also cover all the other eligibility requirements, such as documentation or a single applicant from a family, this demographic will not be ignored by this scheme. However if you are not in the income groups required by the schemes, you will not be eligible for the scheme.
8. What is the maximum annual income should I have to be eligible for PMAY?Your annual income should not be more than Rs. 6 lakhs. However, there are no lower limits for the PMAY income requirement.
9. Why would sustainable and eco-friendly technologies be used for construction in the housing projects under the PMAY? Are they not making it more expensive that way?Eco-friendly projects do not mean that the PMAY constructions will make the ultimate housing price expensive. It only means that it will ensure that the environment is not harmed in anyway. It is essential to ensure that people in the future and that too in the near future do not perish due to environmental hazards, considering that global warming is a real phenomenon and is hitting our country, more than we realize.
10. What is a Central Nodal Agency when we are talking about PMAY?These are basically nodal agencies that are identified by the Ministry or Government to function as bodies which implement Credit linked subsidy.
11. What does one mean, by carpet area in lieu with Pradhan Mantri Awas Yojana?Area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls
12. How does the housing project ensure that there is enough labour for construction for the housing under the PMAY in rural regions?The Mahatma Gandhi National Rural Employment Guarantee Act enables the Government to hire enough labour for construction of homes under PMAY in the rural regions. The beneficiaries under the P M Awas Yojana will have access to unskilled labour for 90 days through MGNREGA. Already 30,000 masons have been trained for the purpose as of September 2016.
13. What is FAR when it comes to PMAY?Let us take a look at the equation to quickly understand what FAR means:
    • Floor Area Ratio = Total covered area on all the floors x 100 divided by Plot area.
    • However, some cities or towns may have varied definitions. The definitions that have been promoted by the region will be considered under such conditions to remove any sort of confusion.
14. What is Implementing Agencies and how are they different from Central Nodal Agencies (CNA)?These agencies comprise of any Urban Local Bodies, Housing Boards, Development Authorities, etc., unlike nodal agencies that have been picked by State Government or SLSMC for the purpose of implementing Housing for PMAY missions.
15. What is TDR or Transfer of Development Rights?This term simply ensures the availability of a particular amount that is additional on the built up with respect to the surrendered or relinquished area of land which allows the owner to use an added built up area for himself/herself in some other land.
16. Who is the scheme for?Anyone who belongs to the economically weaker section of the society and does not own a ‘pucca’ house
17. Who is a beneficiary family?The individuals availing the benefit under the scheme are referred to as the beneficiary family
18. Is the scheme for non-resident Indians?Yes
19. Are there any further subsidies/discounts provided on this scheme?No
20. What is the term of the loan?20 years to avail subsidy. If extended, subsidized rates will not be applicable
21. Is it a must for a woman to own the property?Yes, it is so for lower income groups and economically weaker sections of society
22. Can this be availed in rural areas?No. The scope of the scheme is limited to urban areas.

GST Rate of 18% Applicable for All Financial Services Effective July 1, 2017.