Pradhan Mantri Awas Yojana

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Pradhan Mantri Awas Yojana

Looking for affordable housing in India? Discover Pradhan Mantri Awas Yojana (PMAY), a government initiative offering affordable homes for all income groups. Learn about eligibility, benefits, and the online application process. Check your PMAY subsidy status now!

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Updated: 14-05-2024 03:43:21 PM


The Pradhan Mantri Awas Yojana scheme was announced by the honourable Prime Minister Shri Narendra Modi with the vision of providing housing for all eligible families.

The main objective of this scheme is to help the less privileged families in India and provide them with stable housing systems to improve their lifestyles. It is intended to provide all the necessities to the families and help them to have a hygienic and content lifestyle.

With the help of this scheme, urban migrants and those who reside in the country’s rural areas can improve the quality of their lifestyle and get access to dignified rental houses close to where they work. It encourages them to work with a content mind and promotes a dignified and hygienic lifestyle.

What is PM Awas Yojana?

The PM Awas Yojana is a scheme introduced by the Prime Minister of India in 2015. It is intended to help the less privileged section of the country to have a dignified and hygienic lifestyle.

The scheme’s main objective is to help a big part of the country have a dignified lifestyle that will eventually help in the growth of the country in general from a socio-economic perspective.

PMAY aims to provide water connectivity, proper toilets, and other essentials to those in need. Eligible families can avail of this scheme and can improve their lifestyle rapidly.

PMAY Scheme in Detail

The PM Awas Yojana was introduced first on 25th June 2015. The main objective of the scheme is to provide several basic and essential necessities to eligible applicants by 31st March 2023.

The PMAY scheme is an initiative that comes under the Housing For All mission (HAF) that was introduced by the Ministry of India in 2015 with the objective of eradicating poverty and improving the overall economy of the country.

The aim of the scheme is to Establish affordable houses in both the rural and the urban spaces of India. Those who belong to the economically weaker zones in the country and have comparatively lower incomes can make the best out of this scheme to drastically change their lifestyles.

Prime Minister Awas Yojana addresses one of the major issues in India- the shortage of pucca houses in rural and urban spaces. Several sub-schemes have evolved as parts of the mean scheme- Affordable Rental Housing Complexes (ARHCS), Global Housing Technology Challenge, and CLSS Awas Portal. The scheme has two major sections-

  1. Pradhan Mantri Awas Yojana Gramin, (PMAY-G)- Aims at providing affordable houses to those residing in the rural areas of India.
  2. Pradhan Mantri Awas Yojana Urban (PMAY-U)- It is intended for those who live in the urban site and come from less privileged families and have low incomes.

Several banks offer The PMAY scheme in India, including SBI, ICICI Bank, Kotak Mahindra Bank, HDFC Bank, Axis Bank, Yes Bank, Bank of Baroda, Federal Bank, Karnataka Bank Ltd, Bajaj Housing Finance Ltd, to name a few.

Features & Benefits of Pradhan Mantri Awas Yojana

Features of Pradhan Mantri Awas Yojana

  • The main objective of the PMAY house loan scheme is to eradicate the slum houses & replace them with ‘pucca’ or concrete homes. It aims at providing permanent housing for all by 2024.
  • The Home Loan Interest Rate subsidy provided under the scheme is up to 6.5% to all beneficiaries taking housing loans with tenure of up to 20 years.
  • Interest rate subsidy varies basis the following income slabs:
    • EWS – Income of up to Rs. 3 Lakhs per annum: 6.5% interest subsidy is available for loan amount up to Rs. 6 Lakhs.
    • LIG – Income between Rs. 3 Lakhs to Rs. 6 Lakhs per annum: 6.5% interest subsidy is available for loan amount up to Rs. 6 Lakhs.
    • MIG-I – Income between Rs. 6 Lakhs to Rs. 12 Lakhs per annum: 4% interest subsidy is available for loan amount of of Rs. 9 Lakhs
    • MIG-II – Income between Rs. 12 Lakhs to Rs. 18 Lakhs per annum: 3% interest subsidy available for loan amount of Rs. 12 Lakhs.
    • Any additional loan above the subsidised loan amount will have no subsidised rate
  • Preference of having a house on the ground floor is given to the differently abled and senior citizens under the PMAY scheme.
  • Houses to be constructed using sustainable & eco-friendly technologies.
  • The PMAY benefits can be availed by the people who wish to purchase a new house from the developer/builder or a resale house. The loan can also be taken for the construction of a house or for upgrading a ‘kutcha’ house into a ‘pucca’ house under the CLSS component.

Benefits of Pradhan Mantri Awas Yojana

The Ministry of India offers several benefits to the citizens of India with the help of the PMAY scheme.

Some of the major benefits include:

  • The scheme directly targets poverty and slum rehabilitation, and to improve the economic growth of the country, houses at affordable interest rates are offered to the less privileged sections.
  • The home loan scheme allows the eligible urban and rural section- members of the Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group- I (MIG- I), Middle Income Group-II (MIG II), to apply for the loan.
  • The government grants up to 1 lakh per house in India when it comes to slum rehabilitation.
  • Central assistance of up to 1.5 lakh is granted by the government when it comes to affordable housing.
  • Interest subsidy goes up to 6.5% for a home loan.
  • Women are encouraged to be homeowners and co-applicants with the help of the Pradhan Mantri Awas Yojana Scheme.
  • By taking approval from the government, the building of the houses can take place immediately after the Pradhan Mantri Awas Yojana Home Loan is granted.
  • Water connection and toilets are provided in the housing systems to the citizens of the country.

Features & Benefits of Pradhan Mantri Awas Yojana

To avail a home under the Pradhan Mantri Awas Yojana (PMAY) 2024 scheme, you can follow these steps:

  1. Check Eligibility: Determine if you meet the PMAY eligibility criteria. The scheme has specific income categories and target beneficiaries. The eligibility criteria differ for urban and rural areas. Ensure that you fall within the specified income limits and meet the other criteria set by the scheme.
  2. Visit PMAY Website: Go to the official website of Pradhan Mantri Awas Yojana ( to access the online application portal.
  3. Select Appropriate Component: Choose the appropriate component of PMAY under which you wish to apply. PMAY offers four components:
    1. Slum Rehabilitation: For slum dwellers to avail pucca houses.
    2. Credit-Linked Subsidy Scheme (CLSS) for EWS/LIG: For economically weaker sections (EWS) and low-income groups (LIG) to get interest subsidies on home loans.
    3. Affordable Housing in Partnership (AHP): For partnership projects between public and private sectors or nonprofit organizations.
    4. Beneficiary-led Construction (BLC): For individuals who want to build or expand their homes.
  1. Fill the Online Application Form: Provide accurate details and fill in the online application form with all the required information, including personal details, income details, Aadhaar number, and bank account details. Make sure to double-check the information before submitting the form.
  2. Submit the Application: After completing the form, submit it through the online portal. Ensure that you have all the necessary supporting documents ready, such as income proof, identity proof, address proof, and other relevant documents as specified by the scheme.
  3. Application Verification: The concerned authorities will verify the information provided in your application along with the supporting documents.
  4. Loan Approval: If you have applied under the CLSS component, once your application is approved, you can approach a lending institution (bank or housing finance company) to obtain a home loan. The loan will be sanctioned based on your eligibility and the terms and conditions set by the lending institution.
  5. Construction/Purchase of the House: Once the loan is sanctioned, you can proceed with the construction or purchase of the house as per the approved plans and within the specified time frame. The loan disbursal will be made by the lending institution directly to the builder or seller, as applicable.
  6. Subsidy Disbursement: In the case of CLSS, the interest subsidy will be disbursed to the lending institution, which will then reduce the loan burden by adjusting the subsidy amount against the principal loan amount or installments, as per the scheme guidelines. You can check the PMAY subsidy status

It is important to note that the exact process and documentation requirements may vary depending on the specific component of PMAY and the implementing authority in your state or city. Therefore, it is advisable to refer to the official PMAY website and contact the local housing authorities or banks for accurate and up-to-date information regarding the application process in your area.

Pradhan Mantri Awas Yojana Eligibility

Eligibility for PMAY can be classified into various categories:

  • Eligibility criteria for EWS and LIG
  • Eligibility criteria for MIG I and MIG II

Eligibility Criteria for EWS and LIG

EWS means economically weaker section and LIG means lower income group. Below are the eligibility criteria for people in these categories in order to get PM Awas Yojana scheme benefits.

Eligibility Criteria EWS LIG
Annual Household Income Up to Rs. 3 lakh Rs. 3 lakh – Rs. 6 lakh
Maximum Housing Loan Amount Up to Rs. 6 lakh Up to Rs. 6 lakh
Loan Duration Maximum of 20 years Maximum of 20 years
Dwelling Unit Carpet Area (sq.m.) Up to 30 sq.m. Up to 60 sq.m.
Women ownership/Co-ownership Not required for existing property, compulsory for new possession Not required for existing property, compulsory for new possession
Lump Payment for Approved Loans Application Rs. 3,000 Rs. 3,000
Maximum Subsidy Amount Up to Rs. 2.67 Lakh Up to Rs. 2.67 Lakh
Aadhaar Card Requirement Mandatory for every applicant Mandatory for every applicant

Eligibility Criteria for MIG I and MIG II

MIG stands for middle income group. Below are the eligibility criteria for people in these categories in order to get PMAY scheme benefits.

Eligibility Criteria MIG-I MIG-II
Annual Household Income Rs. 6 lakh – Rs. 12 lakh Rs. 12 lakh – Rs. 18 lakh
Maximum Housing Loan Amount Up to Rs. 9 lakh Up to Rs. 12 lakh
Loan Duration Maximum of 20 years Maximum of 20 years
Dwelling Unit Carpet Area (sq.m.) Up to 160 sq.m. Up to 200 sq.m.
Women’s Ownership/Co-ownership Not mandatory Not mandatory
Lump Payment for Approved Loans Rs. 2,000 Rs. 2,000
Maximum Subsidy Amount Up to Rs. 2.67 Lakh Up to Rs. 2.67 Lakh
Aadhaar Card Requirement Mandatory for every applicant Mandatory for every applicant

Documents Required for PMAY Scheme

The major documents that one must keep while applying for the Pradhan Mantri Awas Yojana scheme include:

  • Proof of identity – voter card, Aadhaar card, PAN card, passport, driving license (anyone).
  • Having a PAN card is mandatory when it comes to applying for the scheme.
  • Proof of address – Aadhar card, voter card, property tax documents, life insurance policy documents, etc.
  • Proof of income – bank statements for the last six months, salary slips of the last two months.
  • Property documents– rent agreement on stamp papers, sales agreement, property registration certificates, copy of payment receipts of the builder (if required).
  • For self-employed people, factory/firm establishment certificates, sales tax receipts and other documents confirming the existence of the workplace need to be submitted.

Different Schemes Under PMAY

There are two different schemes that come under the Pradhan Mantri Awas Yojana scheme in India-

Pradhan Mantri Awas Yojana Urban

The urban space comprises around 4000+ cities across the country. The PMAY Yojana aims at developing houses across all the urban centres in terms of industrial development, special area development, and housing development with basic necessities. The aim of the first phase is to cover 100 cities by April 2015 and March 2017. The aim of the second phase is to cover 200 cities between April 2017 to March 2019. The focus of the 3rd phase is to cover the remaining cities by March 2024.

Pradhan Mantri Awas Yojana Rural

The PMAY scheme also aims at covering the slums, villages and rural areas of the country. Its primary objective is to assist the less privileged families in the rural areas to acquire basic amenities such as sanitation, power supply, water connectivity and improve their lifestyles.

Pradhan Mantri Awas Yojana Subsidy

Take a look at the Pradhan Mantri Awas Yojana subsidy loan amount, and rates to acquire a better understanding of the scheme.

Particulars MIG- II MIG- I LIG EWS
Household income 12lakh to 18 lakh 6 lakh to 12 lakh 3 lakh to 6 lakh up to 3 lakh
Maximum subsidy Rs.2,30156 Rs.2, 35068 Rs.2,67280 Rs.2, 67280
Maximum loan tenure 20 years 20 years 20 years 20 years
Interest subsidy 3.00% 4.00% 6.50% 6.50%
Maximum carpet area 200 sq.m. 160 sq.m. 60 sq.m. 30sq.m.
The eligible loan amount for calculation Up to 12 lakh up to 9 lakh up to 6 lakh Up to 6 lakh

Top Bank for Home Loan Under PMAY Subsidy

Lender Interest Rates Processing fee
PNB Housing 8.50% Up to 0.35% of the loan amount + applicable GST (minimum Rs. 2,500 & maximum Rs. 15,000)
HDFC 8.75% – 9.65% Up to 0.50% of the loan amount + applicable taxes
Kotak Mahindra Bank 8.70% Up to 0.50% of the loan amount + GST
SBI 8.50% – 10.05% Up to 0.35% of the loan amount + applicable GST
Bank of Baroda  8.40% – 10.60% Up to 0.50% of loan amount (Min. Rs. 8,500 and Max. Rs. 25,000)
Bank of India 8.30% Up to Rs. 50,000
Union Union Bank 8.35% 0.50% of the loan amount (Max. Rs. 15,000) + Applicable GST
ICICI Bank 8.75% 0.50% – 2% of the loan amount or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
Bajaj Finserv 8.50% – 15.00% Upto 0.50% of the loan amount + taxes

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Visit the PM Awas Yojana official website-  and go to the ‘citizen assessment menu’. Enter your Aadhaar card number and your full name properly. Enter other personal information and your bank account details and tick in the box at the bottom of the screen. Enter the captcha and save your application. Your application number will appear on the screen afterwards. Download and print the form and submit it to your nearest financial Institute/bank along with the necessary documents.

Go to the official website of Pradhan Mantri Awas Yojana and click on the ‘select beneficiary’ option. After that, you will get an option to search by name. Enter your Aadhar number properly, and the details will pop up on the screen immediately.

No. Those who intend to buy a home for the first time are eligible to apply for the PMAY scheme in India.

Yes, you can transfer your home loan to another lender during the tenure. In that case, the PMAY scheme benefits will no longer be available for you.

First, check your income threshold to understand which income group you fall under. You can use an online EMI calculator to determine your monthly instalments beforehand. Next, fill out the PMAY application form online. Take the printout of the phone to your nearest bank to claim a subsidy.

The objective of the PMAY scheme is to cover all the rural and urban areas of India by 31 March 2024.

People who come under the categories of EWS, LIG, MIG – I, MIG – II can benefit from the PMAY scheme. Apart from them applicants from SC, ST and OBC categories and women from EWS and LIG income groups can also apply for PMAY eligibility.

Your Aadhaar number, issued by UIDAI, is a 12-digit identifier. To check PMAY status using Aadhaar, visit the official website and click ‘Search Beneficiary’ in the main menu. Choose ‘Search by name’ and provide your Aadhaar number. This allows you to access your PMAY application details and status.