Pradhan Mantri Awas Yojana – Urban

INTRODUCTION

The Pradhan Mantri Awas Yojana- Urban (PMAY-U) launched in mission mode envisions provision for Housing for All by 2022. The mission seeks to address the housing requirement of urban poor including slum dwellers through program verticals :

  • Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource
  • Promotion of Affordable Housing for weaker section through credit linked subsidy
  • Affordable Housing in Partnership with Public & Private sector
  • Subsidy for beneficiary-led individual house construction/enhancement.

Eligibility

  • The housing scheme extends to the following groups of beneficiaries-
    • Economically Weaker Section (EWS)- Household with an annual income of upto Rs 3 lakh,
    • Low Income Group (LIG)- To be classified as LIG one has to provide proof that the annual household income is between Rs 3 lakh and Rs 6 lakh ,
    • Middle Income Group (MIG) – A person earning less than 12 lakh is entitled to avail a loan upto Rs 9 lakh with a maximum subsidy of Rs 2.35 lakh under Credit-linked subsidy scheme,
    • Middle Income Group (MIG) 2 – A person earning less than 18 lakh can avail a loan upto Rs 12 lakh and would be entitled to avail a maximum subsidy of Rs 2.35 lakh under CLSS ,
    • Minority Groups- Those hailing from minority communities such as ST, SC and OBC have to provide caste certificates to enlist under the scheme. Further if the beneficiary is a family, then the family must comprise of a husband, wife and children who are unmarried.

Benefits

The mission supports the construction of houses having a carpet area of 30 square meters with basic civic infrastructure like water, sanitation, sewage among others. The grant subsidy given to Lower Income Groups and Economically Weaker section of the urban population ranges anywhere between Rs 1 lakh and Rs 2.3 lakh at an interest subsidy of 6.5 %. Moreover every beneficiary under this scheme receivesĀ  Rs 1.5 lakh to promote housing stockĀ  which ranges from them building their own houses to renovating their houses.

Mode of Application

The Ministry of Housing and Urban Development has set up a simple process in which the beneficiary can either go to the Common Service Centres (CSCs) situated in the area who would provide an application form in lieu of a nominal fee of Rs 25. Besides, the candidate has to carry the Aadhar card and a photograph for submission of the form.
For online registration, visit the official website.

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