Last Updated:June 10, 2025, 15:57 IST
PMAY aims to provide affordable housing to individuals and families from economically weaker sections of society.
Applicants must not own a pucca house anywhere in India. (Photo Credit: X)
Launched in 2015, the Pradhan Mantri Awas Yojana (PMAY) is a flagship housing initiative by the Government of India with the vision of “Housing for All” by 2022. The scheme aims to provide affordable housing to the urban and rural poor through interest subsidies and financial assistance.
It has two major components – PMAY-Urban (PMAY-U) and PMAY-Gramin (PMAY-G) – catering to the needs of both city and village dwellers.
Pradhan Mantri Awas Yojana: Key Features
Interest Subsidy: Up to 6.5 per cent interest subsidy on home loans under the Credit Linked Subsidy Scheme (CLSS).
Eco-friendly Construction: Emphasis on sustainable and green building technologies.
Focus on Women: Mandatory female ownership or co-ownership for new houses.
Targeted Groups: Priority to Economically Weaker Sections (EWS), Low-Income Groups (LIG), and Middle-Income Groups (MIG).
Urban & Rural Reach: PMAY-U targets slum dwellers and urban poor; PMAY-G focuses on providing pucca homes in villages.
Pradhan Mantri Awas Yojana: Benefits of the Scheme
– Financial assistance up to Rs 2.67 lakh for eligible beneficiaries.
– Encourages property ownership among women.
– Improves living standards for the underprivileged.
– Boosts the real estate and construction sector.
– Promotes environmentally friendly housing.
Pradhan Mantri Awas Yojana: Eligibility Criteria
Income-Based Categorisation
Applicants are classified into EWS, LIG, or MIG groups based on their annual household income.
Those with an income above Rs 18 lakh per year are not eligible for the scheme.
Mandatory Female Ownership
The property must be registered in the name of a woman, either as a sole owner or in joint ownership.
This condition can be waived only if there are no adult female members in the family.
First-Time Homeowner
The applicant must not already own a pucca house anywhere in India.
New Property Purchase Only
The subsidy is applicable only for newly purchased properties, not for resale purchases.
No Prior Government Assistance
The applicant must not have received benefits from any other state or central housing scheme.
Census-Listed Areas Only
The property must be located in a town, village, or city recognised under the official Census.
No Prior Credit-Linked Subsidy
The applicant should not have claimed benefits under any other credit-linked subsidy schemes previously.
Renovation/Extension Clause
If the loan is taken for renovation or expansion, the work must be completed within 36 months from the first loan disbursement.
Pradhan Mantri Awas Yojana: How to Apply
– Visit the Official Website:
Go to pmaymis.gov.in.
– Select the Citizen Assessment:
Choose the appropriate option based on income category.
– Fill the Application:
Enter your Aadhaar number, personal details, and income information.
– Submit and Save:
Submit the form and save the application number for future reference.
– Track Application:
Use the saved application ID to check the status online.
Pradhan Mantri Awas Yojana is a step towards inclusive development, giving every Indian the right to a safe and secure home.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
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- Location :
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