Housing scheme enabled in India, eligible applicants can apply Pradhan Mantri Awas Yojana (प्रधान मंत्री आवास योजना). Find the beneficiaries and PMAY customer care number for queries on PMAY housing scheme…
Pradhan Mantri Awas Yojana is a mission to provide housing for all in the urban areas. The scheme as a credit-linked subsidy is being provided to individuals which allows them to get their own house at a very nominal price. The very first interest rate of this scheme was at the lowest at 6.5% per annum which can avail for a tenure of 20 years.
The scheme is open for MIG-I, MIG-II, LIG, and EWS categories. In the recent budget session, the Indian finance minister has announced the extension of eligibility for affordable housing and also added the tax exemption for the housing projects. There are a lot of benefits that add in the recent 2021 budget session, which one can have a look at and consider as per their eligibility.
Features of Pradhan Mantri Awas Yojana
Here is a list of features that we have gathered based on the PMAY (प्रधान मंत्री आवास योजना) which might help you to understand it better.
- Get an subsidy interest rate of 6.5% for a period of 20 years to the beneficiaries
- Grounds floors allocated to senior citizens and differently abled citizens
- Eco friendly sustainable technologies implemented in constructions
- PMAY covers 4041 statutory urban twos in the country
- The scheme divided into three phases based on the allotment of the work
- Credit linked subsidy adds to everyone from their initial stage of processing.
Beneficiaries for प्रधान मंत्री आवास योजना
The beneficiaries based on which the citizens are classified are as shown below. This is how one can consider the following options of the scheme प्रधान मंत्री आवास योजना.
| Category | Income Range Annually |
|---|---|
| Middle Income Group – MIG-I | Rs.6 to 12 Lakhs |
| MIG-2 | Rs.12 to 18 Lakhs |
| Lower Income Group (LIG) | Rs.3 to 6 Lakhs |
| Economically Weaker Section (EWS) | Below 3 Lakhs |
| Additional benefits may given to SC, ST, OBC and women belonging to EWS or LIG income group |
Subsidy Calculator for PMAY
If you’re eligible for the PMAY scheme, then you must check the subsidy which you will get on your housing loan under these schemes. We have a formula that might help you to do this.
- Total Loan Amount
- Rate of Interest
- Total Loan Period
Use these three values in the PMAY online subsidy calculator to know your value of the subsidy.
How to Avail Subsidy for Pradhan Mantri Awas Yojana
Here is the step-wise process that needs to follow and get their subsidy on their housing loan through the Pradhan Mantri Awas Yojana scheme.
- Apply for a home loan from the listed lending banks or institutions which are eligible for subsidy.
- Once applied, the bank will send your application to the central government nodal agency.
- If the application is verified, this may approve, and based on the appreciation, the central nodal agency will disburse the subsidy amount as per their eligibility.
- Get subsidy loan amount credit on your home loan account by reducing your loan tenure and amount.
- Paid remaining EMIs need to paid continuously as the balance loan amount continues.
Pradhan Mantri Awas Yojana Customer Care
The PMAY scheme launched in entire India, we have these helpline numbers as per their communication flexibility. The queries of the beneficiary cleared online and required may directed to connect to the local office for more clarification.
| PMAY Service For | CLSS Toll-Free Contact Number |
|---|---|
| Urban Area (HUDCO) | 1800116163 |
| NHB Urban | 1800113377 1800113388 |
| Gramin | 1800116446 |
| pmaymis-mhupa at gov dot in | |
| Website | pmay-urban.gov.in, pmaymis.gov.in |
Who is eligible for Pradhan Mantri Awas Yojana?
The citizens having their income limited as per classified limit of the Economical Weaker Section, Low Income Group, Middle Income Group I, Middle Income Group II, Women from SC, ST and OBC consider for the schemes. Citizens should provide a valid certificate of their income and caste to avail the प्रधान मंत्री आवास योजना subsidy benefits.
What are the Types under प्रधान मंत्री आवास योजना?
There are mainly two types of schemes that brought up through Pradhan Mantri Awas Yojana named as Gramin and Urban.
प्रधान मंत्री आवास योजना ग्रामीण: The scheme previously known as Indira Awas Yojana. This aims for provision of affordable and accessible housing units for eligible beneficiaries. It is mainly in rural areas of India where the government has agreed to share the construction of units through a particular share.
प्रधान मंत्री आवास योजना शहरी: The scheme mainly focused on urban areas in India and has taken over 4000 twins in different states of India. Under different phases the scheme implanted of which two phases already completed. The Third phase of Pradhan Mantri Awas Yojana Urban said to complete by March 2022, which will ensure a house for all.
How Selection done for Beneficiary in Pradhan Mantri Awas Yojana
Here is the scrutiny did based on the processing of citizens as per their income level.
- It considers the citizens living in the slums with improper infrastructure and very poor situations along with bad drinking facilities.
- Beneficiaries are mainly from the Middle-Income Group, Low Income Group and Economically Weaker section.
- EWS section will have complete assistance under scheme and beneficiary from LIC considered with only the credit linked subsidy scheme
- Submit the income proof, to consider your application in EWS or LIG scheme
How to apply for प्रधान मंत्री आवास योजना?
Individuals can use the online website of Pradhan Mantri Awas Yojana to apply for the scheme using their Aadhar card and other applied details. Citizens can use the offline method by filing the application form and submitting it to the common service center.
How to Check names in Pradhan Mantri Awas Yojana?
The individuals who have applied for the Pradhan Mantri Awas Yojana, can check their name in the beneficiary list form online. Go to the official website of Pradhan Mantri Awas Yojana and then click on search beneficiary by using the Aadhar number. The details of the register may show on the screen which will ensure that your loan considers for प्रधान मंत्री आवास योजना subsidy.
What is the maximum annual income I should have for eligibility?
To be eligible in the Pradhan Mantri Awas Yojana, one can have an annual income of 18 Lakhs per annum with a valid income proof. This is the maximum amount consider under the Pradhan Mantri Awas Yojana scheme for subsidy purpose.
What is the tenure of Pradhan Mantri Awas Yojana subsidy to deposit?
As per the records, the application verification and approval from the Central nodal agency will take around 3 to 4 months in total. An average period of 5 months taken in common as a tenure for approval and crediting of subsidy amount in your loan account.
What is TDR in Pradhan Mantri Awas Yojana?
The transfer of development rights is the availability of amount which is additional on the built-up with respect to the surrendered area. The owner can use the additional built-up area for themselves.