Pradhan Mantri Awas Yojana (PMAY) Urban

Source: mygov.in

Launched on 15th June 2015, PMAY Urban aims to provide affordable housing for all urban poor by 2022. This includes the construction of 2 crore+ pucca houses, alongside offering basic civic amenities, such as water connection, 24x7 electricity supply etc.

If you want to know more about this scheme, continue reading!

Here are the following benefits you can enjoy if you choose to construct your dream home under PMAY Urban scheme:

1. Substantial Subsidy for Every Economic Group

One of the crucial benefits of PMAY Urban is that every economic group is eligible for interest subsidy. Take a look at how much interest subsidy each group are eligible for:

• EWS and LIG - ₹2.67 lakhs
• Middle Income Group I - ₹2.35 lakhs
• Middle-Income Group - ₹2.30 lakhs

You can also use the subsidy calculator to view the subsidy amount for each income category.

2. Development of Affordable Housing at Urban and Rural Area

Besides PMAY (U), the government also offers PMAY Gramin. It provides affordable housing solutions to rural and slum areas. Approximately PMAY Gramin completed 20.65 lakh houses.

3. Construction of Eco-Friendly Houses

This scheme also aims to limit environmental damage. Developers must use low-carbon building technologies to meet this objective. The Indian Ministry claims that more than 16 lakh houses have been built using green technology. It will lower approximately 12 million tonnes of CO2 emission by 2022.

Besides these, women, minorities, disabled and senior citizens are also given preference.

In addition, you need to be aware of a few essential guidelines of Pradhan Mantri Awas Yojana Urban, which are listed below:

• The construction or extension of the house must be completed within 36 months. It is calculated from the date of the loan disbursement and the first instalment of the credit.
• Senior citizens and disabled individuals can avail ground-floor housing under PM Awas Urban.

The following beneficiaries enjoy PMAY-HFA (URBAN):

• Lower Income Group (LIG)
• Middle-Income Group I (MIG I)
• Middle-Income Group II (MIG II)

However, you must meet the following PMAY eligibility to enjoy the benefits of this scheme:

• Applicants or their family members should not own a pucca house.
• Individuals must not have availed any housing scheme under the Central or State governments.
• Beneficiaries with an income up to ₹18 lakh qualify for PMAY (U) scheme.
• In the case of joint ownership, applicants are eligible to receive only one subsidy.
• Female applicants or co-applicants from EWS and LIG are mandatory.

To check the beneficiary list of Pradhan Mantri Urban Awas Yojana, follow this process:

Step 1: Visit the official website of PMAY

Step 2: Select "Search Beneficiary" and click on "Search By Name"

Step 3: Enter your Aadhaar card number and click on "Show" to view the beneficiary list.

Once you are eligible for Pradhan Mantri Awas Yojana Housing For All-Urban scheme, apply online and offline.

Online Steps to Apply for PMAY Urban

To apply PM Awas Yojana 2021 online, follow the steps mentioned below:

Step 1: Visit the official website of PMAY.

Step 2: Click on "Citizen Assessment" and click "Apply Online". Select from the four available options from the drop-down menu.

• In Situ Slum Redevelopment – People living in slums fit for redevelopment can apply for this scheme.
• Credit Linked Subsidy Scheme- The central government offers an interest subsidy on the eligible loan amount.
• Beneficiaries Lead Construction or Enhancement – The government offers substantial financial support to the EWS to construct or renovate their houses.
• Affordable Housing in Partnership – Here, the government offers up to ₹1.5 lakhs per housing unit of EWS. It allows agencies or private partnerships to provide affordable housing to beneficiaries.

Step 3: Authenticate your identity by entering your Aadhaar card or Virtual ID number and name. Click on "Check".

Step 4: The page redirects to the online application form. Fill in the required information such as your name, residential address, residential city, address etc.

Step 5: Enter captcha code and submit by clicking "Save"

Besides knowing how to apply for PM Awas Yojana online, let's know about the offline procedures to apply for this scheme.

Offline Steps to Apply for PMAY Urban

Individuals without internet access can visit the Common Service Centre, backed by state governments or financial institutions listed under PMAY. You need to pay ₹25+applicable GST to get the application form. Fill it in with relevant information such as your name, residential city etc.

Before applying for this scheme, keep the following documents handy to avoid any inconvenience in Pradhan Mantri Awas Yojana Housing For All-Urban scheme:

• EWS or LIG income certificate
• PAN card
• Aadhaar card
• Voter ID
• Driving licence
• Bank account statements of last 6 months
• A photocopy of residential proof
• Proof of income tax return, if necessary
• Receipt of payment made to the builder
• Approved construction plan etc.

To check the PMAY beneficiary status or application status of this scheme, here are the few steps you need to follow:

Step 1: Visit the official website of PMAY

Step 2: Select from either of the two options –

• By name, Father's name, or mobile number
• Assessment ID

Now, fill in necessary details such as city, district, state name, mobile number etc. and click "Submit".

As mentioned earlier, if you cannot apply Pradhan Mantri Awas Yojana online, visit any of the eligible banks listed below to apply for this scheme:

1. State Bank of India
2. ICICI Bank
3. Bandhan Bank
4. HDFC Bank
5. Canara Bank
6. Punjab National Bank
7. IDFC First Bank
8. Bank of India
9. Axis Bank
10. IDBI Bank