About Pradhan Mantri Awas Yojana (PMAY):

Pradhan Mantri Awas Yojana is a govt initiated the scheme in India which intends to give affordable housing for the weaker sections to assure “Housing for all by 2022’’. Begun on 25th June 2015, PMAY aims to build 2 crore houses in a phased manner through the financial assistance of Rs 2 trillion from central government across the country for the urban poor by 31st March 2022 before the nation celebrates its 75th independence.

The Central Govt, in cooperation with real estate builders, visualizes the creation of affordable homes by eco-friendly techniques in selected cities of India. The last date for applying under PMAY Scheme and to get subsidy benefit on Home Loan is 31st March 2022 but the last date for the MIG (1 & 2) categories under Credit Linked Subsidy Scheme (CLSS) was 31st March 2019.

Depending on the areas that it provides, this Housing Scheme has two components – Urban (U) and Gramin (G).

This scheme is converged with other schemes to make sure that every house has toilets, electricity connection under Saubhagya Yojana, LPG Gas connection under Ujjwala Yojana, drinking water, and Pradhan Mantri Jan Dhan Yojana banking facilities, etc.

Under the PMAY scheme, there is a Credit-Linked Subsidy Scheme on home loans for properties in the urban areas pertaining to Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group 1 & 2 (MIG). It can be utilized for new as well as for the resale buying of a home, construction, or for expansion or renovation of rooms, kitchen, toilet, etc.

This ambitious project has 4-components namely, In-situ Slum Redevelopment with private sector participation using the land as a resource, affordable housing through the Credit Linked Subsidy Scheme (CLSS), affordable housing in partnership with private and public sector and beneficiary led house construction. Under these components, central assistance will be in the range of Rs 1 lakh to Rs 2.30 lakh

PMAY is an effort by the government to encourage buying in the real estate sector, and this cost of housing development will be shared between the Central and State Government in the following directions:

 64:40 for plain regions.

90:10 for North-Eastern and hilly areas.

PMAY Features:

• The features of Pradhan Mantri Awas Yojana are that the government will provide an interest subsidy of 6.5% for EWS and LIG, 4% for MIG-1 and 3% for MIG-II on housing loan availed by the beneficiaries for a period of 20 years under Credit Linked Subsidy Scheme (CLSS) from the start of a loan.
• The house under Pradhan Mantri Awas Yojana would be constructed through a technology that is eco-friendly while allotting ground floors in any housing scheme under PMAY.
• Preference will be given to differently-abled and senior citizens.

1. Pradhan Mantri Awas Yojana Urban (PMAY-U)

Presently, the Pradhan Mantri Awas Yojana Urban (PMAY-U) has around 4,331 such towns and cities under this scheme. It also involves urban development authority, special area development authority, industrial development authority, development area, notified planning, and every other authority which is responsible for urban planning and regulations.

As per the Ministry of Housing and Urban Affairs data, the pace of progress of PMAY-U in all states and union territories, as of 1st July 2019 are as follows:

PMAY (Urban) Progress:

• Houses Sanctioned: 96.57 lacs
• Houses Grounded: 60.95 lacs
• Houses Completed: 32.70 lacs
• Houses Occupied: 31.33 lacs
  

  Fund Sanctioned by Central Govt and Utilized

• Central Assistance Released: Rs 57914 Cr
• Total Investment: 570282 cr

According to the same data, the total amount estimated to be funded is Rs. 4,95,838 crore out of which, Rs. 51,414.5 crore of funds has already been distributed.

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

The Pradhan Mantri Awas Yojana Gramin (PMAY-G) was earlier called the Indira Awas Yojana and it was renamed in March 2016. It is aimed at improving the convenience and affordability of housing for all of rural India with the exclusions of Delhi and Chandigarh.

The goal is to grant financial support to the homeless and those living in old and dilapidated houses to help them in building the construction of pucca houses. Beneficiaries living in lowlands can get up to Rs. 1.2 Lakh and those in North-Eastern, hilly areas, Integrated Action Plan (IAP), and difficult areas can benefit up to Rs. 1.3 Lakh as a result of this housing goal.

Currently, as per data available from the Ministry of Rural Development, 1, 03,01,107 houses have been approved in all states and UTs.

PMAY-G Progress Report

• MoRD Target: 1,51,04,518
• Registered: 1,53,98,764
• Sanctioned: 1,38,10,366
• Completed: 89,72,336
• Fund Transferred: 1,31,853.22 crore

What are the eligibility criteria under Pradhan Mantri Awas Yojana?

The eligibility criteria will depend on the income group you fall in.

Note:-

• For EWS and LIG, it is compulsory for a female to be the property owner. In some exceptional cases, the bank may inform you. Also, the applicant or its dependents should be a first time home buyer and should not own a pucca home at the time of benefitting the scheme.
• Apart from that, there is some necessary condition an applicant has to match. For example, if the beneficiary is a family, it must include a husband, wife, and unmarried children. Also, no person from the family should own a house in their name.
• The applicant’s family must not own a house in any part of the country.
• In the case of a married couple, either a single or a joint ownership sale is allowed, and both options will get just one subsidy.
• The applicant’s family must not have availed the benefit of any housing-related schemes established by the Government of India.
• GST Rate of 18% appropriate for all financial services valid from July 1, 2017.

Benefits and subsidy offered under PMAY:

Note: Home loans under the Credit Linked Subsidy Scheme (CLSS) have a maximum period of 20 years. The net present value (NPV) is estimated at a discounted rate of 9% of the interest subsidy.

How many phases are coming under PMAY scheme?

The scheme will progress in the following 3-phases:

• PMAY Phase 1 from April 2015 to March 2017 and will cover 100 cities
• PMAY Phase 2 from April 2017 to March 2019 to cover 200 additional cities.
• PMAY Phase 3 from April 2019 to March 2022 to cover the remaining cities.

How will govt identify the beneficiaries under PMAY?

Beneficiaries of this PMAY scheme will be identified as per data available from the Socio-Economic and Caste Census (SECC) and include -

•  Scheduled castes and scheduled tribes.
• Non-SC/ST and minorities under BPL.
• Freed bonded laborers.
• Next of family and widows of paramilitary forces and individuals killed in action, ex-servicemen, and those under a retirement scheme.

Who all are the beneficiary under PMAY?

•  A beneficiary family will include husband, wife, unmarried sons and/or unmarried daughters.
• The beneficiary family should not hold a pucca house both in his/her name or in the name of any member of his/her family in any part of India.
• An adult earning member (irrespective of marital status) can be treated as a separate family.

Is this rate applicable only for first-time homebuyers?

Yes, this rate is applicable only for first-time pucca home buyers as per PMAY criteria.

How will my loan eligibility be estimated under PMAY?

The loan eligibility of the applicant will be estimated based on internal guidelines and processes of the bank as revised from time to time.

As per the existing demand, the borrower will be needed to submit income proof documents such as salary slip, ITR, bank statement, existing loan details, etc. for the purpose of eligibility estimation.

How to calculate EMI on Home Loan under PMAY?

Pradhan Mantri Awas Yojana (PMAY) scheme intends to simplify the process of buying a home for the urban poor and weaker sections of society through EMIs at reduced rates of interest. The rate of interest is relatively much lesser than commercial rates, hence, giving people subsidized loans.

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

1. The total loan amount in rupees – 1000000
2. The rate of interest – 9%
3. The total loan period in months – 216 (18 years)
4. Once the following details are filled out, click on the ‘Calculate’ option. This will present to you the monthly installment or EMI payable in rupees for a tenure of 18 years.

How to Download Pradhan Mantri Awas Yojana 2019 Application Form?

• Step:1- Log on to the Pradhan Mantri Awas Yojana website: pmaymis.gov.in
• Step:2- Follow the steps placed above and obtain the application form by one of the two ways mentioned above.
• Step:3- Click on the “print” option.

What are the key benefits of applying for PMAY 2019 online?

There are many benefits to applying for PMAY 2019 online. Below are the benefits:

1. The online application is simple to fill and it gives applicants hassle-free user expertise
2. Once the applicant has successfully submitted the application, it can be easily traced online. This will help the applicants track the status of the application

Instructions for filling Pradhan Mantri Awas Yojana 2019 online application form:

1. It is most important to check if you are eligible to apply for the PMAY scheme or not
2. To figure this out, log on to the PMAY website and go to the PMAY beneficiary list to check this.
3. Only those with an Aadhaar card can apply for this scheme
4. All bank related and income-related details have to be kept ready to apply for this scheme.

How to apply for the PMAY 2019 scheme online?

• Step-1 – Log on to the PMAY website pmaymis.gov.in
• Step-2 – Choose the ‘Citizen Assessment’ option and click on the appropriate choice: “For Slum Dwellers” or “Benefits under other 3 components”.
• Step-3 – Enter your “Aadhaar Card” details
• Step-4 – This will redirect you to the application page, where you will have to fill out all the details correctly.
• Step-5 – The details to be filled out include name, contact number, other personal details, bank account, and income details, among others.
• Step-6 – Once this is completed, choose the ‘Save’ option and enter the Captcha code.
• Step-7 – Then, click on the ‘Save’ button. The application is now complete and you can take a  print out at this stage.

How to apply for the PMAY 2019 scheme offline?

While individuals can apply for the PMAY scheme online using the steps stated above, they can also apply for it offline.

For applying offline under PMAY, you need to visit a Common Service Centre (CSC) made available by the state and union territory governments. There, you are required to fill up and submit the application form given by the officials after paying Rs.25 plus GST.

It requires to be discussed here that no private entity/persons have been approved by the Ministry of Housing and Urban Affairs (MOHUA) to obtain or raise this fee from any beneficiary under this scheme. If you have any further explanations, you can call or write to:

Raj Kumar Gautam
Director (HFA – 5)
Ministry of Housing and Urban Affairs (MOHUA)
Room Number 118, G Wing
NBO Building
Nirman Bhawan
New Delhi – 110011
Tel: 011-23060484/ 011-23063285
E-mail: public.grievance2022@gmail.com/ pmaymis-mhupa@gov.in

How can slum dwellers apply for PMAY 2019 Online?

As the PMAY website uses a unified platform, the slum dwellers require to use the same application to apply for a house under PMAY. While all the steps mentioned above will be followed, there’s a small change you should know:

• Log on to the official Pradhan Mantri Awas Yojana at pmaymis.gov.in
• Choose the ‘For Slum Dwellers’ option in the ‘Citizen Assessment’ dropdown menu.
• Enter your Aadhaar Card Number and click ‘Submit’. (The site will confirm whether the Aadhaar details furnished is correct or not).
• If the information furnished is correct, you will be heading to the next page where you will have to give all the relevant information regarding your name, income, no. of family members, residential address, contact number, age of the head of the family, religion, caste and so on.
• Once all the information is given, scroll down, type the ‘captcha code’ in the box and click ‘Submit’.

Application/Registration Process of PMAY 2019 Categories wise:

Documents required for availing PMAY 2019 facilities:

1. KYC Documents & Photograph
2. Aadhar Card is compulsory
3. Salary slip or Certificate & updated bank statement for salaried applicants
4. Income Tax Returns of the last 2-years and bank statement for self-employed applicants
5. Self-certificate/affidavit as proof of income
6. Customer declaration undertaking
7. Additional Application form

How to get the subsidy under PMAY?

•  Apply for a home loan from a principal lending institution if you are looking for a subsidy.
• If qualified for the subsidy, your application will be sent to the Central Nodal Agency (CNA).
• If it’s approved, the CNA will dispense the subsidy amount to the bank.
• This will be credited to your account, hence, decreasing the total loan amount.
• For example, if your annual income is Rs 7 lakh and the loan amount is Rs 9 lakh, the subsidy will be Rs 2.35 lakh.
• When this is subtracted, the loan amount decreased by Rs 2.35 lakh

How to check PMAY 2019 application status online?

Those who have applied for this scheme can check the status of the form and take a printout of the application.

There are two ways to check or track the PMAY application status:

1. With Assessment ID
2. By entering other personal details such as Name, Father’s Name, and Mobile No

The process to check the PMAY 2019 application status with Assessment ID:

• Step: 1 – Log on to the Pradhan Mantri Awas Yojana website: http://pmaymis.gov.in/Track_Application_Status.aspx or go to the ‘Citizen Application’ option and then choose the ‘Check Status’ button.
• Step: 2 – When you click the track button, there will be two options displayed: ‘By Name, Father’s Name & Mobile No’ and ‘By Assessment ID’.
• Step: 3 – Choose the ‘By Assessment ID’.
• Step: 4 – Enter the Assessment ID & Mobile Number that was shared with you when the form was filled and submitted.
• Step: 5 – After filling up details, click on the ‘Submit’ button.
• Step: 6 – The user will soon know the stage at which his/her application is

Procedure to Check the Application Status of PMAY Scheme with Name, Father’s Name & Mobile No:

• Step: 1 – Log on to the Pradhan Mantri Awas Yojana website (pmaymis.gov.in) and go to the ‘Citizen Application’ option and then choose the ‘Check Status’ button.
• Step: 2 – After clicking on the “know your status” button, choose the ‘Name, Father’s Name & Mobile No’ option
• Step: 3 – Once this is completed, give the State, District and City details
• Step: 4 – The next step is to fill in the Name, Father’s Name and Mobile Number
• Step: 5 – Once this completed, Click ‘Submit’
• Step: 6 – the status can be seen now

How to check your name in PMAY 2019 Beneficiary List?

Those eligible for the scheme can check their name in the Pradhan Mantri Awas Yojana list as per the below instructions:

• Step 1: Visit the PMAY official website (pmaymis.gov.in).
• Step 2: Click “Search Beneficiary”.
• Step 3: Enter the Aadhaar Card Number.
• Step 4: Click “Show”.

How to edit your details after submitting an application for PMAY?

• Visit the official website of Pradhan Mantri Awas Yojana (pmaymis.gov.in)
• Enter your application reference number and your Aadhaar details
• Click on the “Edit” option
• You will now be permitted to edit your application details

Is Pradhan Mantri Yojana available to existing home loan borrowers?

Yes, existing home loan borrowers are eligible for this scheme. They will have to fulfill all the relevant eligibility criteria as per PMAY.

Toll-Free Helpline Number for PMAY Scheme:

In case of any doubts relating to the application process, interest rates, and any other scheme related inquiries, 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)

If any applicant facing any issues related to the application process can reach the above toll-free numbers according to their locations.

PMAY (Urban) Progress:

• Houses Sanctioned: 9657992
• Houses Grounded: 6095788
• Houses Completed: 3270823
• Houses Occupied: 3133796Amount Invested in PMAY-HFA
• Central Assistance Released: Rs 57914.88004 Cr
• Total Investment: 570282.90622 cr

About PMAY-(G)

It aims to provide a pucca house with basic amenities to houseless, households, and households living in Kutcha and dilapidated houses in rural areas by 2022. To achieve the objective of “Housing for all” the target number of houses to be constructed by the year 2021-22 is 2.95 crore. The immediate objective is to cover 1.00 crore households in rural areas, that are homeless and living in Kutcha/dilapidated houses, in three years from 2016-17 to 2018-19 and enable the construction of quality houses by the beneficiaries using local materials, designs, and trained masons. In Total, 4 crore households will be constructed under the PMAY-G scheme by the year 2022. The estimated total expenditure of PMAY-G is Rs.60,000 crore

The minimum unit size increased from 20 sq.m  to 25 sq.m including a dedicated area for hygienic cooking.

Enhancement of unit assistance from Rs 70,000 to Rs 1.20 lakh in plains and from Rs 75,000 to Rs 1.30 lakh in hilly states, difficult areas and IAP districts.

Provision of assistance Rs 12,000 for toilets through convergence with Swachh Bharat Mission-Gramin (SBM-G), MGNREGS or any other dedicated source of funding.

PMAY-G (Scheme Cost)

The total cost of the program of PMAY-G is Rs 1,30,075 cr for construction of 1.00 cr houses by 2018-19. The cost would be shared between the GOI and the state govt. in the ratio of 60:40. In the case of the North-Eastern States and the three Himalayan States viz., J&K, Himachal Pradesh and, Uttarakhand, the sharing pattern is in the ratio of 90:10. Govt of India would provide the full cost in respect of Union Territories (UTs). Totally, 4 crore households will be constructed under the PMAY-G scheme by the year 2022

The central share of the total cost of the program works out to Rs 81,975 crore out of which Rs 60,000 crore would be met from budgetary support and Rs 21,975 crore would be met through borrowings from National Bank for Agriculture and Rural Development (NABARD), which would be amortized through budgetary grants after 2022.

Allocation of Scheme Funds:

From the annual budgetary grant for PMAY-G, 95% of funds would be released to States/UTs for the construction of new houses under PMAY-G. This will also include a 4% allocation towards Administrative expenses. 5% of the budgetary grant would be retained at the Central Level as a reserve fund for Special Projects.

The target of providing 10 million houses to the rural poor by the end of FY19 under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) is likely to be missed by the government. This speculation has emerged after a government official recently stated that only 8.6 to 8.7 million houses were expected to be completed by April 20.

The delay has been accounted for factors like land not being readily available, refusal of beneficiaries to move from the dwelling areas for construction of houses, etc. While in states like Punjab, Haryana, Andhra Pradesh, and Kerala, there aren’t enough approved beneficiaries to meet the targets.

It needs to be mentioned here that in FY20, as many as 6 million houses are scheduled to be completed under the scheme. Given the fact that individuals can get Rs.1.2 – 1.3 lakh for a house under the scheme, it has been approved for another 19.5 million houses by 2022.

Y-o-Y Houses Completed Under PMAY

• MoRD Target: 1,51,04,518
• Registered: 1,53,98,764
• Sanctioned: 1,38,10,366
• Completed: 89,72,336
• Fund Transferred: 1,31,853.22 crore

Data Source: PMAY website