Pradhan Mantri Awas yojana

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The Pradhan Mantri Awas Yojana (PMAY) is a flagship programme of the Government of India that was launched in 2015. The scheme provides housing for all by 2022 and aims to provide affordable housing to the economically weaker section (EWS), low income group (LIG) and middle income group (MIG) with an interest subsidy of 2-3%. As of March 2019, over 1.2 crore houses have been sanctioned under the scheme and over 60 lakhs have been completed. In this blog post, we will take a look at the Pradhan Mantri Awas Yojana and how it is benefiting the people of India. We will also look at some of the challenges that the scheme is facing and how they can be overcome.

What is Pradhan Mantri Awas yojana?

Pradhan Mantri Awas Yojana (PMAY) is a housing scheme launched by the Indian government in 2015. The scheme aims to provide affordable housing to all by the year 2022. It is estimated that over 20 million families will benefit from PMAY by the end of its implementation period.

The scheme offers financial assistance to eligible beneficiaries who are looking to construct or purchase a home. The subsidy amount provided depends on various factors such as income, location of the property, and type of dwelling unit. PMAY also provides interest subsidies on home loans availed for the purchase or construction of a dwelling unit.

To be eligible for PMAY benefits, beneficiaries must meet certain criteria such as annual family income, age, and marital status. In addition, they must also have a valid identity proof and belong to one of the four identified categories: Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group – I (MIG-I), or Middle Income Group – II (MIG-II).

Applications for PMAY can be submitted online through the official website. After submission, applications will be verified by concerned authorities before approval. Once approved, beneficiaries can avail of the benefits offered under PMAY.

Eligibility criteria for Pradhan Mantri Awas yojana

To be eligible for a Pradhan Mantri Awas Yojana (PMAY) subsidy, you must:

-Be a woman or belong to a minority community

-Be a first-time homebuyer

-Have an annual income of less than Rs. 18 lakh (for MIG 1 category) or less than Rs. 12 lakh (for MIG 2 category)

-Not own any other house in India

What are the benefits of Pradhan Mantri Awas yojana?

The Pradhan Mantri Awas yojana is a flagship housing scheme of the Indian government that aims to provide affordable housing for all by the year 2022. The scheme offers a number of benefits for eligible beneficiaries, including interest subsidies on home loans, credit-linked subsidy on home loans, and direct benefit transfers.

The interest subsidy benefit under the scheme is available for home loans of up to Rs. 9 lakhs, with an annual interest subsidy of 2%. This benefit can be availed for a tenure of 15 years, and is available for both new and resale homes.

The credit-linked subsidy benefit under the scheme is available for home loans of up to Rs. 12 lakhs, with an annual interest subsidy of 3%. This benefit can be availed for a tenure of 20 years, and is available for both new and resale homes.

Under the direct benefit transfer component of the scheme, eligible beneficiaries will receive a financial assistance of up to Rs. 2.30 lakhs towards the cost of their new home. This benefit is available for both new and resale homes.

How to apply for Pradhan Mantri Awas yojana?

The Pradhan Mantri Awas Yojana (PMAY) is a flagship scheme of the Government of India that aims to provide affordable housing for all by the year 2022. The scheme provides financial assistance to eligible beneficiaries for the construction or purchase of a new house/flat.

To apply for PMAY, the interested applicant must first log on to the official website of the scheme – https://pmaymis.gov.in/. After logging in, the applicant must fill in the application form with all the required personal and financial details. Once the form is submitted, an identification number will be generated which can be used to track the status of the application.

It is important to note that only one member of a family can avail benefits under this scheme. Also, preference will be given to women applicants and applicants from economically weaker sections of society.

PM Awas Yojana List

The Pradhan Mantri Awas Yojana is a housing scheme launched by the Indian government in June 2015. The scheme aims to provide affordable housing to all citizens of India by the year 2022. The PMAY scheme provides financial assistance to eligible citizens for the construction or purchase of a new house.

The PMAY scheme offers several benefits to eligible citizens, including interest subsidies on home loans, credit-linked subsidy on home loans, and direct benefit transfers for those who are unable to avail of a home loan.

The list of PMAY beneficiaries is available on the official website of the Ministry of Housing and Urban Affairs. Eligible citizens can check their name on the list to see if they are eligible for any benefits under the scheme.

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