Pradhan Mantri Awas Yojana – Urban (PMAY-U) introduced on 25 June 2015 by the Ministry of Housing and Urban Affairs (MoHUA), aims to provide a pucca to all eligible urban households by 2022 in order to address the lack of urban housing among the EWS/LIG and MIG categories including the people in slums. PMAY(U) is been extended by Union Cabinet till 31 December 2024.
Key Advantages of the Pradhan Mantri Awas Yojana (Urban)
PMAY-U provides all the basic utilities including a Kitchen, toilet, water supply, and electricity in every house. This mission proffers homeownership under the joint or sole name of a female family member, thereby promoting women empowerment.
This initiative have given preference to all the vulnerable groups in society like SCs, STs, OBCs, single women, transgender people, differently-abled people, senior citizens and others. The PMAY-U ensures that the beneficiaries lives a dignified life in their house with a sense of security and pride.
Highlights of PMAY Scheme:
- Subsidized Interest Rate – Enjoy a low 6.50% p.a. interest rate on housing loans for 20 years.
- Priority for Special Groups – Differently-abled and senior citizens receive preferential ground floor allocations.
- Eco-friendly Construction – Sustainable and environmental friendly technologies are utilized in construction of housing societies.
- Pan-India Coverage – With initial priority given to 500 class 1 cities in 3 phases, the scheme spans around 4041 statutory towns.
- Early Credit-Linked Subsidy – Covering all statutory towns in India, credit-linked subsidy implementation begins at the project’s inception.
| Official Website | https://pmaymis.gov.in/ |
| Launch Date | 25th June 2015 |
| Expected Completion | By 31 December 2024 |
| Toll Free Number | 1800-11-6163 – HUDCO 1800 11 3377, 1800 11 3388 – NHB |
| Complaints or Suggestion | [email protected] |
| Office Address | Pradhan Mantri Awas Yojana Ministry of Housing and Urban Affairs Nirman Bhawan, New Delhi- 110 011 Contact: 011 2306 3285, 011 2306 0484 Email: [email protected] |
| PMAY Guidelines | Click to Download Manual |
Pradhan Mantri Awas Yojana Beneficiaries (PMAY)
The beneficiaries under the PMAY scheme can be listed as follows :
| Beneficiary | Annual Income |
| Middle Income Group I (MIG I) | Rs.6 lakh to Rs.12 lakh |
| Middle Income Group I (MIG II | Rs.12 lakh to Rs.18 lakh |
| Lower Income Group (LIG) | Rs.3 lakh to Rs.6 lakh |
| Economically Weaker Section (EWS) | Up to Rs.3 lakh |
In addition to these, people belonging to SC, ST, and OBC categories and women belonging to EWS and LIG income groups will also be eligible for the PMAY scheme.
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Identification and Selection of Beneficiaries under PMAY:
The Pradhan Mantri Awas Yojana (PMAY-Urban) – Urban schemes mainly target the housing needs of the urban poor. Apart from this, the scheme also addresses the housing needs of slum residents living in narrow pockets of slums with poor infrastructure, sanitation, and drinking water.
Beneficiaries of PMAY-U primarily includes Middle Income Groups (MIGs), Low Income Groups (LIGs), and Economically Weaker Section (EWS).
While the beneficiaries from the EWS category are eligible for complete assistance under the scheme, beneficiaries from LIG categories are only eligible for the Credit-Linked Subsidy Scheme (CLSS) under PMAY.
The Applicant who want to be recognized as a LIG or EWS beneficiary under the scheme, is required to submit an affidavit as income proof to the authority.
Key Highlights of PMAY Scheme
| Particulars | EWS | LIG |
| Eligible Housing Loan Amount
for Interest Subsidy |
Up to Rs.6 lakh | Up to Rs.6 lakh |
| Maximum Loan Tenure | 20 years | 20 years |
| Discounted Rate for Calculation
of Net Present Value of Interest Subsidy |
9.00% | 9.00% |
| Dwelling Unit Carpet Area
(sq.m.) |
Up to 30 sq.m. | Up to 60 sq.m. |
| Duration of Scheme | 17 June 2015 to 31 December 2024 | 17 June 2015 to 31 December 2024 |
| Applicability of No Pucca House | Not for upgradation or renovation | |
| Woman Ownership/Co-
ownership |
Not required for an existing property. Compulsory for a new acquisition. | |
| Amount Paid in Lump Payment
for Each Sanctioned Housing Loan application |
Rs.3,000 | Rs.3,000 |
| Quality of Flat/House
Construction |
BIS Codes, National Building Code, and according to the NDMA Guidelines adopted | |
| Approvals for the Building
Design |
Mandatory | Mandatory |
| Basic Civic Infrastructure (water,
electricity, sanitation, sewerage, road etc.) |
Mandatory | Mandatory |
| Maximum Interest Subsidy
Amount |
Rs.2,67,280 | Rs.2,67,280 |
Key Parameters of PMAY
| Particulars | MIG I | MIG II | |
| Eligible Housing Loan Amount
for Interest Subsidy |
Up to Rs.9 lakh | Up to Rs.9 lakh | |
| Maximum Loan Tenure | 20 years | 20 years | |
| Dwelling Unit Carpet Area
(sq.m.) |
160 sq.m. | 200 sq.m | |
| Maximum Interest Subsidy Amount | Rs.2,35,068 | Rs.2,30,156 | |
| Lump Sum Amount Paid for
Each Sanctioned Housing Loan Application Instead of processing fee |
Rs.2,000 | Rs.2,000 | |
| Discounted Rate for Calculation
of Net Present Value of Interest Subsidy |
9.00% | 9.00% | |
| Duration of Scheme | 1 January 2017 to 31 December 2024 | 1 January 2017 to 31 December 2024 | |
| Woman Ownership/Co-
ownership |
Not compulsory | Not compulsory | |
| Applicability of No Pucca House | Yes | Yes | |
| Approvals for the Building
Design |
Mandatory | Mandatory | |
| Quality of House/Flat
Construction |
BIS Codes, National Building Code, and according to the NDMA Guidelines adopted | ||
| Basic Civic Infrastructure (water,
road, sanitation, sewerage, electricity etc.) |
Mandatory | Mandatory | |
| Income Proof to Claim Subsidy | Self-Declaration | Self-Declaration | |
| Identity Proof | Aadhaar Card Number | Aadhaar Card Number |
Types of PMAY Scheme :
PMAY schemes are divided in two sub-sections on the basis of the area on which they focus:
Pradhan Mantri Awas Yojana Gramin – Previously known as the Indian Awa Yojana, the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) was christened as PMAY-G in 2016. The aim of this scheme is to provide affordable and accessible housing units to eligible beneficiaries in rural regions of India.
Pradhan Mantri Awas Yojana Urban – As the name suggested the Pradhan Mantri Awas Yojana , is focused towards the urban areas in India. At present, there are 4,331 town enlisted under this scheme. This scheme is set function under three different phases :
- Phase 1: Under 1st phase, the government targeted to cover 100 cities in different states and UTs across the country from April 2015 to March 2017.
- Phase 2: Under 2nd phase, the government to cover 200 more cities in different states and UTs across the country from April 2017 to March 2019.
- Phase 3: Under 3rd phase, the government targeted to cover the cities which have been left out in phase 1 and phase 2 and attain the target by the end of December 2024.
PMAY Interest Subsidy
| Particulars | Interest Subsidy | Maximum Loan for Subsidy |
| EWS | 6.50% p.a. | Rs.6 lakh |
| LIG | 6.50% p.a. | Rs.6 lakh |
| MIG -1 | 4.00% p.a. | Rs.9 lakh |
| MIG-2 | 3.00% p.a. | Rs.12 lakh |
Pradhan Mantri Awas Yojana (PMAY) Subsidy Calculator
To calculate type EMI, log on the official website of Pradhan Mantri Awas Yojana and fill in the following Details :
- 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.
How to Get PMAY Interest Subsidy?
- Apply for a loan from any listed lending institution for subsidy.
- The lending institution will review your application and if you are eligible, then your application will be sent to the Central Nodal Agency.
- Upon verification, if your application is approved and no discrepancies are found, then 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.
- After this, you can continue paying the EMIs towards the balanced loan amount.
PMAY Loan Eligibility:
To ensure the transparency in the project, the PMAY beneficiaries will be selected on the basis of the “The Socio Economic and Caste Census 2011”. In this the government will consult the panchayat and the tehsil before finalizing the PMAY beneficiaries list to ensure that only the right people get the housing.
How to Apply for the PM Awas Yojana Online?
You can apply for PMAY through its official portal. Its application process is very straightforward and easy to use. All you need to do is enter your Aadhar number, follow onscreen instruction, complete and submit the application form.
Urban PMAY |
Rural PMAY |
|
|
Your application will be verified by the concerned authority. You can visit the PMAY portal to track the status of your application.
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 Aadhar details.
- Click on the “Edit” option.
- Now you will be allowed to edit your application details.
Phases of Pradhan Mantri Awas Yojana (PMAY)
| Stage | Phase 1 | Phase 2 | Phase 3 |
| Start date | 04/01/15 | 04/01/17 | 04/01/19 |
| End date | 03/01/17 | 03/01/19 | 03/01/22 |
| Cities covered | 100 | 200 | Remaining cities |
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
PMAY Customer Care Helpline Numbers
In case of any queries relating to the application process, interest rate and any other scheme related queries, customers can contact the toll free helpline number according to the locations:
- 1800-11-6163 (Urban, HUDCO)
- 1800-11-3388 (Urban, NHB)
- 1800-11-3377 (Urban, NHB)
- 1800-11-6446 (Gramin)
FAQs on Pradhan Mantri Awas Yojana – Urban 2024
- How much time does it take to get the subsidy amount from PMAY?
It usually takes around 3 to 4 months for the subsidy amount from PMAY to be credited to the beneficiary. This is subject to the verification process of the government. - Can I apply if I do not have an Aadhaar Card?
In order to apply online, it is mandatory for all citizens to have an Aadhaar Card. It is advised to get your Aadhar Number from the nearest Common Service Centers (CSC) as soon as possible.0
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