Pradhan Mantri Awas Yojana (Urban) 2024: Details, Eligibility & How to Apply for PM Awas Yojana

The Pradhan Mantri Awas Yojana (Urban), or PMAY(U), is a flagship housing scheme launched by the Government of India Ministry of Housing and Urban Affairs (MoHUA). It was introduced on 25 June 2015 to provide affordable housing to urban poor families by 2022. Through this scheme, the government wants to provide Pucca houses to all eligible urban households by 2022 among the EWS/LIG and MIG categories. However, the Union Cabinet has decided to extend PMAY(U) till 31 December 2024. Under PMAY-U, every house has basic utility things like a kitchen, toilet, water supply, and electricity.

Objective for PMAY-U

The primary objectives of PMAY-U are as follows-

• Housing for All: The government ensures every urban household has access to a pucca (permanent) house with basic amenities by 2022, now extended to 2024.

• Inclusivity: It is available for the economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG).

• Slum Rehabilitation: Rehabilitating slum dwellers by providing them with safe and sanitary housing.

Highlights of the PMAY Scheme

Here is the basic highlight of the PMAY-U Scheme-

• Subsidized Interest Rate: Low Subsidized Interest Rate. Candidates get a 6.50% p.a. interest rate on housing loans for 20 years.

• Priority for Special Groups: There is a different ground floor allocation for all the abled and senior citizens.

• Eco-Friendly Construction: All houses built in the scheme are Sustainable and environmentally conscious technologies advanced.

• Pan-India Coverage: This scheme spans 4041 statutory towns, with initial priority given to 500 Class I cities in 3 phases.

• Early Credit-Linked Subsidy: Early Credit-Linked Subsidy will begin as the project inception. It covers all the statutory towns in India

Eligibility Criteria for Pradhan Mantri Awas Yojana (Urban)

To qualify for the Pradhan Mantri Awas Yojana (Urban), candidates need to meet the following requirements.

Income Criteria:

• EWS: Annual household income up to ₹3 lakh.

• LIG: Annual household income between ₹3 lakh and ₹6 lakh.

• MIG-I: Annual household income between ₹6 lakh and ₹12 lakh.

• MIG-II: Annual household income between ₹12 lakh and ₹18 lakh.

House Ownership: Candidates or any family member should not own a pucca house in India.

Aadhaar Card: The candidate holds a valid Aadhar card.

PMAY-Credit-Linked Subsidy Scheme: The candidate or any family member should not be a beneficiary of a PMAY-Credit-Linked Subsidy Scheme.

Required Document for Pradhan Mantri Awas Yojana (Urban)

Here is the list of required documents needed to apply for the c or PMAY(U).

1. Identity Proof: Aadhaar Card, Voter ID Card, Passport, Driving License, PAN Card

2. Address Proof: Aadhaar Card, Electricity Bill, Water Bill, Passport, Bank Passbook/Bank Statement:

3. Income Proof: Salary Slip, Income Certificate, Bank Statements: For the last 6 months, ITR (Income Tax Return)

4. Property Documents: allotment letter, property agreement, possession letter, etc.

5. Proof of category (if applicable): SC/ST/OBC/Minority certificate

6. A Consent form for Aadhaar-linked bank account for Direct Benefit Transfer (DBT)

7. Affidavit of Ownership

8. Two passport size photograph

9. Receipt of the Application

10. Disability Certificate: If applicable

11. Specific Documents for Various Categories

For EWS and LIG:

• Income certificate from the revenue department.

• Additional proof of income like employer’s certificate or pension documents (if applicable).

For MIG:

• The latest ITR (Income Tax Return) filed.

• Salary slips and form 16 for the last 2 years.

For Slum Dwellers:

• Certificate of slum habitation.

• NOC from the slum redevelopment authority if applying under the In-situ Slum Redevelopment (ISSR) component.

How to apply for Pradhan Mantri Awas Yojana (Urban)?

If you want to apply for the Pradhan Mantri Awas Yojana (Urban), then here are the steps to apply online or offline-

Online Application:

• Visit the official PMAY(U) website.

• Select the ‘Citizen Assessment’ option and choose the relevant category (e.g., slum dwellers, benefits under 3 components).

• Enter your Aadhaar number and other personal details.

• Complete the application form with household information.

• Submit the form and save the application number for future reference.

Offline Application:

• Visit a Common Service Center (CSC) or designated bank branch.

• Fill out the application form provided by the centre.

• Submit the form along with the required documents such as an Aadhaar card, income proof, and bank details.

Key Highlights of PMAY Scheme for categories

Eligible Housing Loan Amount for Interest Subsidy

• EWS: Up to Rs.6 lakh

• LIG: Up to Rs.6 lakh

Maximum Loan Tenure

• EWS: 20 years

• LIG: 20 years

Discounted Rate for Calculation of Net Present Value of Interest Subsidy

• EWS: 9.00%

• LIG: 9.00%

Dwelling Unit Carpet Area (sq.m.)

• EWS: Up to 30 sq.m.

• LIG: Up to 60 sq.m.

Duration of Scheme

• EWS: 17 June 2015 to 31 December 2024

• LIG: 17 June 2015 to 31 December 2024

Applicability of No Pucca House

• EWS: Not for upgradation or renovation

Woman Ownership/Co-ownership

• EWS: Not required for an existing property. Compulsory for a new acquisition.

Amount Paid in Lump Payment for Each Sanctioned Housing Loan Application

• EWS: Rs.3,000

• LIG: Rs.3,000

Quality of Flat/House Construction

• EWS: BIS Codes, National Building Code, and according to the NDMA Guidelines adopted

Approvals for the Building Design

• EWS: Mandatory

• LIG: Mandatory

Basic Civic Infrastructure (water, electricity, sanitation, sewerage, road etc.)

• EWS: Mandatory

• LIG: Mandatory

Maximum Interest Subsidy Amount

• EWS: Rs.2,67,280

• LIG: Rs.2,67,280

Key Parameters of PMAY

Eligible Housing Loan Amount for Interest Subsidy

• MIG I: Up to Rs.9 lakh

• MIG II: Up to Rs.12 lakh

Maximum Loan Tenure

• MIG I: 20 years

• MIG II: 20 years

Dwelling Unit Carpet Area (sq.m.)

• MIG I: 160 sq.m.

• MIG II: 200 sq.m

Maximum Interest Subsidy Amount

• MIG I: Rs.2,35,068

• MIG II: Rs.2,30,156

Lump Sum Amount Paid for Each Sanctioned Housing Loan Application Instead of the processing fee

• MIG I: Rs.2,000

• MIG II: Rs.2,000

Discounted Rate for Calculation of Net Present Value of Interest Subsidy

• MIG I: 9.00%

• MIG II: 9.00%

Duration of Scheme

• MIG I: 1 January 2017 to 31 December 2024

• MIG II: 1 January 2017 to 31 December 2024

Woman Ownership/Co-ownership

• MIG I: Not compulsory

• MIG II: Not compulsory

Applicability of No Pucca House

• MIG I: Yes

• MIG II: Yes

Approvals for the Building Design

• MIG I: Mandatory

• MIG II: Mandatory

Quality of House/Flat Construction

• MIG I: BIS Codes, National Building Code, and according to the NDMA Guidelines adopted

Basic Civic Infrastructure (water, road, sanitation, sewerage, electricity etc.)

• MIG I: Mandatory

• MIG II: Mandatory

Income Proof to Claim Subsidy

• MIG I: Self-Declaration

• MIG II: Self-Declaration

Identity Proof

• MIG I: Aadhaar Card Number

• MIG II: Aadhaar Card Number