The Pradhan Mantri Awas Yojana (PMAY) is a Government of India led initiative aimed at providing affordable housing to first-time homeowners. The mission, launched in 2015, promises to build a whopping 2 million fully-functional \u201cpucca\u201d houses by March 2022.<\/p>\n\n\n\n
The \u2018Housing for all\u2019 scheme comprises of Pradhan Mantri Awas Yojana (Urban) and Pradhan Mantri Awas Yojana (Gramin).\nThese cater to two completely different demographics – the urban poor and rural\npoor, respectively. Both categories can avail loan subsidies offered under the\nscheme, which go as low as 6.5%, for a tenure of 20 years.<\/p>\n\n\n\n
Till date, the government has done a commendable job in providing affordable housing for poor, with 2.61\nlakh housing units sold in 2019 alone, and 2.5 lakh more to be sold by 2021.<\/p>\n\n\n\n
The Yojana currently has beneficiaries spread across 26 states and\n2508 cities.<\/p>\n\n\n\n
Additional\nRead:<\/strong> How\nto Get Subsidy Benefit Under PMAY Home Loan<\/a><\/p>\n\n\n\n Wondering how to get PMAY<\/a>? Check the PMAY eligibility\ncriteria if you\u2019re looking to apply:<\/p>\n\n\n\n The family\u2019s total annual income is less than Rs. 3 lakhs<\/p>\n\n\n\n The family\u2019s total annual income falls between Rs. 3 lakhs – Rs.6 lakhs<\/p>\n\n\n\n The family\u2019s total annual income falls between Rs. 6 lakhs – Rs. 12 lakhs<\/p>\n\n\n\n The family\u2019s total annual income falls between Rs. 12 lakhs – Rs. 18 lakhs<\/p>\n\n\n\n Along with this, applicants must not own a \u201cpucca<\/em>\u201d house anywhere in India, and should not be a concurrent\nbeneficiary of any other housing scheme.<\/p>\n\n\n\n Here\u2019s a\nstep-by-step break-down of how to fill\nthe PMAY form –<\/p>\n\n\n\n Visit the official PMAY website \u2013 www.pmay.gov.in<\/a>. Log in using your credentials.<\/p>\n\n\n\n You\u2019ll be prompted to choose between two options – \u2018For slum dwellers\u2019 and \u2018Benefit under other 3 components\u2019. Choose whichever option applies to you.<\/p>\n\n\n\n Next, applicants have to go through the AADHAR or Virtual ID (VID) existence check.<\/p>\n\n\n\n If the AADHAR\/ VID check is successful, candidates can proceed to fill the PMAY online application form, where they\u2019ll have to enter information regarding:<\/p>\n\n\n\n After filling in all details, read the disclaimer and check the box. Next, click on the \u2018Save\u2019 button.<\/p>\n\n\n\n Additional\nRead:<\/strong> What\nare the Benefits of Pradhan Mantri Awas Yojana Scheme?<\/a><\/p>\n\n\n\n If you\u2019re an eligible candidate and haven\u2019t yet filled the PMAY\napplication form, worry not, because you have ample time:<\/p>\n\n\n\n Now that you have the information you need on PMAY eligibility<\/a> and the\napplication process, you may be looking for looking affordable home loans.\n<\/p>\n\n\n\n At Tata Capital, we\u2019ve got your back. Apply for easy home loans<\/a> at Tata Capital, available at competitive rates of interest. For more details, get in touch with us today. <\/p>\n\n\n\nPMAY beneficiaries<\/strong><\/h2>\n\n\n\n
\u2022 Economically Weaker Section (EWS): <\/h3>\n\n\n\n
\u2022 Lower Income Group (LIG): <\/h3>\n\n\n\n
\u2022 Middle Income Group I (MIG I): <\/h3>\n\n\n\n
\u2022 Middle Income Group II (MIG II):<\/h3>\n\n\n\n
How to apply for the Pradhan Mantri Awas Yojana (PMAY)<\/strong><\/h2>\n\n\n\n
Step 1: Login – <\/h3>\n\n\n\n
Step 2: Choose your category – <\/h3>\n\n\n\n
Step 3: AADHAR\/ VID check – <\/h3>\n\n\n\n
Step 4: Application filling – <\/h3>\n\n\n\n
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Step 5: Save your progress – <\/h3>\n\n\n\n
Last date of filling PMAY online form<\/strong><\/h2>\n\n\n\n
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In summary<\/strong><\/h2>\n\n\n\n