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Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana (Urban) was launched on June 25, 2015 for facilitating housing capabilities of people in urban areas. The programme was launched for implementation during the period of 2015 to 2022. The programme aims at providing central assistance to implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families and beneficiaries against the validated demand for houses for about Rs.1.12 crore. In continuation of the government's efforts towards empowerment of women from EWS and LIG unlike earlier schemes, PMAY has made a mandatory provision for the female head of the family to be the owner or co-owner of the dwelling unit under this mission.

Details on Credit Linked Subsidy Scheme (CLSS):

Under the Pradhan Mantri Awas Yojana (Urban), Credit Linked Subsidy is central sector scheme wherein Interest Subsidy up to Rs.2.67 lakh per house is admissible for Beneficiaries of Economically Weaker Section (EWS)/Low Income Group (LIG), Middle Income Group (MIG)-I and Middle Income Group (MIG)-II seeking housing loans from Banks, Housing Finance Companies and other such institutions for acquiring, constructing and enhancement of house. The interest subsidies of 6.5%, 4% and 3% on loan amount up to Rs.6 lakh, Rs.9 lakh and Rs.12 lakh are admissible for a house with carpet area of up to 60, 160 and 200 sq. meter for EWS/LIG, MIG I and MIG II respectively. The scheme for MIG category was up to March 31, 2019 which has been now extended up to March 31, 2020. The benefit for EWS/LIG beneficiaries under CLSS works out to as high as Rs.6 lakh over a loan period of 20 years.

Eligibility for Pradhan Mantri Awas Yojana

  • The beneficiary family should not own a pucca house in his/her or in the name of any member of his/her family in any part of India.
  • In case of married couple, either of the spouse or both together in joint ownership will be eligible for a single subsidy.
  • The beneficiary family should not have availed of central assistance under any housing scheme from Government of India or any benefit under any scheme in PMAY.

Coverage Details of Pradhan Mantri Awas Yojana

All statutory towns as per Census 2011 and towns’ notified subsequently, including planning area as notified with respect to statutory town.

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