New Delhi. PM Narendra Modi’s third term has begun. The first meeting of the new cabinet was held on Monday (10 June) at the residence of Prime Minister Narendra Modi. In the meeting, it was decided to build 3 crore additional houses under the Pradhan Mantri Awas Yojana.
Under PMAY, a total of 4.21 crore houses have been built for eligible poor families in the last 10 years. If you have not yet built a permanent house, then you can take advantage of PMAY. Let us know what is the eligibility for this scheme and how to apply.
Let us tell you that Pradhan Mantri Awas Yojana, often also known as PMAY, works as a credit linked subsidy scheme. PMAY is being run by the central government so that everyone in the country has a pucca house. In this scheme, the government gives pucca houses to the beneficiaries or provides financial assistance to build pucca houses.
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Types of Pradhan Mantri Awas Yojana
1. Pradhan Mantri Awas Yojana Gramin (PMAY-G)
2. Pradhan Mantri Awas Yojana Urban (PMAY-U)
Benefits of PM Awas Yojana
- PMAY scheme helps people living in kutcha or temporary houses to get pucca houses.
- If a person has land, he can also take financial assistance through this scheme to build a house.
- Under this scheme, the government provides subsidy on home loans. The amount of subsidy depends on the size of the house and the income level.
- Under this scheme, banks are encouraged to provide home loans at low interest rates.
- The maximum repayment period for home loans under the PMAY scheme is 20 years.
Eligibility for PM Awas Yojana
- The age of the applicant must be 18 years or above.
- It is also necessary for the applicant to be an Indian citizen.
- Pradhan Mantri Awas Yojana is available for families with annual income up to Rs 18 lakh.
- To be eligible for the scheme, individuals should not own any pucca house in any part of India.
- If any member of the family has a government job then he/she will also not get the benefit of the scheme.
- The annual income of people associated with EWS should be less than Rs 3 lakh.
Documents required for PMAY scheme
- identity card
- Address Proof
- Income ratio
- Property Documents
How to apply for PM Awas Yojana
Youcan apply for PMAY scheme in two ways i.e. online and offline. To apply offline, you will have to go to the nearest Common Service Center (CSC). At the same time, you can apply online through the official portal of Pradhan Mantri Awas Yojana (http://pmayg.nic.in/).
