Pradhan Mantri Awas Yojana or PMAY is an affordable housing scheme initiated by the Government of India in 2015 with the objective of ‘Housing for All by 2022.’ This scheme is further classified into PMAY-Urban and PMAY-Gramin to offer economical housing facilities to Indians still not living in ‘pucca’ houses.
Individuals should PMAYG to be aware of the features and the registration process. Beneficiaries can additionally register themselves under PMAYG online for more convenience.
Registration under PMAY
Individuals opting for PMAY registration can refer to the process mentioned below –
- Visit the official website PMAY.
- Select ‘Citizen Assessment.’
- Choose ‘Benefits under other 3 Components.’
- Select ‘Check’ after entering Aadhaar number in the relevant section.
- Fill up the application form with correct details related to personal information, accounts with financial institutions, income, etc.
- Click on the declaration mentioning that you are aware of the claims and enter the CAPTCHA.
- Select ‘Save.’
- Preserve the application reference ID sent to your registered mobile number.
Beneficiaries can further check the status of their PM Awas Yojana application from the same portal.
What are the benefits of PMAY?
- Individuals availing a home loan under PMAY can benefit from subsidies on interest of up to 6.5% on the basis of their economic position. The tenor of a home loan can go up to 20 years.
- Mandatory accommodation of senior citizens and disabled persons at ground floors of a residential property.
- Materials used for construction are sustainable and eco-friendly.
- The residential property must have a female member of the beneficiary household as the co-owner of the property.
These PMAY benefits are primarily extended to individuals belonging to the Economically Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group I (MIG I), and Middle Income Group II (MIG II).
