PMAY (Pradhan Mantri Awas Yojana) Details
PMAY provides financial assistance for rural and urban housing along with additional amenities. Here’s the breakdown:
| PMAY Segment | Amount Details |
|---|---|
| Urban Housing (PMAY-U) | – First installment: ₹1 Lakh – Second installment: ₹1 Lakh – Third installment: ₹50,000 |
| Rural Housing (PMAY-G) | – First installment: ₹80,000 – Second installment: ₹50,000 |
| Additional Facilities | – Toilet construction assistance: ₹12,000 – Free electricity connection – Free gas connection |
Application Process
1. For Rural Housing (PMAY-G):
- Search “PMAY-G” online.
- A new online application has been launched after 7 years.
- Applications began on January 5th and are open until March 30th.
2. For Urban Housing (PMAY-U):
- Search “PMAY-U Apply Online 2024.”
- Applications began recently for 1 crore new urban houses.
3. Required Documents for Both Schemes:
- Aadhar Card: Primary identification for the form.
- Bank Account Details: For transferring subsidies.
- Income Certificate: Mandatory for application.
- Passport Photo: Simple proof for identity.
Key Instructions for Online Applications
For PMAY-G:
Use the PMAY-G official portal or download the Awaas Plus app for survey details and applications.For PMAY-U:
Fill out forms through the PMAY Urban official portal under the “Apply for PMAY 2.0” option.Eligibility Notes:
- All individuals except government officials and large taxpayers are eligible.
- Families with all necessary documents will be given priority.
- Ensure you use an Aadhar-based verification system.
Loan and Repayment Information
| Loan Phase | Loan Amount | Tenure | Interest Rate | Waived Interest Rate | Additional Charges |
|---|---|---|---|---|---|
| Phase 1 | ₹1 Lakh | 18 months | 5% | 8% interest is waived if timely payment is made. | ₹7,000 extra payable. |
| Phase 2 | ₹2 Lakh | 30 months | 5% | 8% interest is waived if timely payment is made. | – |
- Loan available after completing mandatory training programs under PMAY guidelines.
Training Details
A fundamental part of availing financial benefits:
- Training Duration:
- Basic Training: 5-7 days
- Advanced Training: 10-15 days
- Daily Allowance during Training: ₹500 per day (up to ₹10,000 for the training period).
- Participants also receive a toolkit worth ₹15,000.
Steps to Check Bank Transfers
- Open the PMAY portal (urban or rural).
- Enter the application number and registered mobile number.
- Verify bank transfers or subsidies credited.