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Pradhan Mantri Awas Yojana – PMAY 2019 (Urban/Shehari) | Complete Details

Pradhan Mantri Awas Yojana 2019 | Shehari/Urban Awas Yojana by Pradhan Mantri Narendra Modi | PMAY 2019 Complete Details

Pradhan Mantri Awas Yojana 2019

Owning a House is Dream of Many. Due to Financial Problems, Many are unable to Fulfill this Dream. The Need for Government Support for Providing Houses is required. Thankfully, Indian Govt. lead by PM Narendra Modi is providing Houses under a Very Popular Scheme named as – Pradhan Mantri Awas Yojana or PMAY. This Scheme is implemented for Both : Rural & Urban Areas.

Official Name of the Scheme is Pradhan Mantri Awas Yojana. However, it is also recognized by various other names like – “Narendra Modi Awas Yojana”, “Prime Minister Housing Scheme”, “Housing for All Scheme”, “Pradhan Mantri House Loan Yojana” & “PMAY” You need to Understand that all names refer to Pradhan Mantri Awas Yojana Only. 

Note – This Article Covers Detailed Explanation of Pradhan Mantri Awas Yojana for Urban Areas i.e. Shehari Awas Yojana 2019. If you are looking for Details of Gramin (Rural) Awas Yojana, READ THIS

Pradhan Mantri Awas Yojana (PMAY)

As this is a detailed article, we Highly recommend you to Read it completely to understand everything related to Prime Minister Housing Scheme.

Let’s Understand the Eligibility Conditions for PMAY –

  • There is no Age Limit to Avail PMAY. Those who are eligible to avail Home Loan are Eligible, irrespective of their Age

The Eligibility of the Applicants has been categorized into 6 Different Groups which are –

  • Economically Weaker Section (EWS) – In this Category, come those people who earn less than Rs. 3 Lakh per annum (i.e. Yearly Income is Less than Rs. 3 Lakhs). So, If you are Under this Category, You are Eligible to Apply for Awas Yojana Launched by PM Modi.
  • Light Income Group (LIG) – Those People who Earn anything Between 3 Lakhs to 6 Lakhs Per Year Fall into this Group. If you Fall in this Category, You can Apply for Pradhan Mantri Yojana
  • Medium Income Group 1 (MIG 1) – People Who Earn More than 6 Lakh & Less than 12 Lakh Per year are categorized under MIG 1 Category
  • Medium Income Group 2 (MIG 2) – Those Who Earn More than 12 Lakh & Less than 18 Lakh Per Month Come under MIG 2 Category
  • Minorities – Those Who Belong to SC/ST/OBC Categories come under this category.
  • Women – Women Belonging to any of the Above mentioned categories are Eligible to Apply for PMAY Scheme.

Apart from these Eligibility Conditions, there are other Important Aspects, Which are –

  • No one in the Family of the Applicant should Own a House in His/Her Name
  • Applicant must not be availing benefits from Other Similar Housing Schemes

Pradhan Mantri Awas Yojana 2019 – Home Loan Scheme Details for LIG/EWS Category Applicants

Loan AmountLoan Amount Eligible for SubsidyBalance LoanInterest SubsidyInitial EMIReduced EMI after Credit of SubsidyMonthly SavingsAnnual/Yearly Savings
Rs. 3 LakhRs.3 lakhRs.1,66,360.00Rs.1,33,640.00Rs.2,895Rs.1,605Rs.1,290Rs.15,480
Rs. 6 LakhRs.6 lakhRs.3,32,720.00Rs.2,67,280.00Rs.5,790Rs.3,211Rs.2,579Rs.30,948
Rs. 10 LakhRs.6 lakhRs.7,32,720.00Rs. 2,67,280.00Rs.9,650Rs.7,071Rs.2,579Rs.30,948

Awas Yojana Loan Scheme for MIG 1 Category

  • Max Income (Of Household) Under this Category – Rs. 12 Lakh
  • Maximum Tenure of the Loan – 20 Years
  • Interest Subsidy Per Year – 4 Percent
  • Eligible Amount of Loan for Interest Subsidy Under CLSS(Under Credit Linked Subsidy Scheme) – Rs. 9 Lakh
  • Max. Interest Subsidy – Rs. 2.35 Lakh
  • The rate of Discount for Net Present Value Calculation – 9%
  • Max. Allowed Carpet Area – 90 Square Meter
  • Monthly EMI with Interest Subsidy – Rs. 5,834
  • Monthly EMI without Interest Subsidy – Rs. 7,894

Narendra Modi Home Loan Yojana Scheme for MIG 2 Category

  • Max Income (Of Household) Under this Category – Rs. 18 Lakh
  • Maximum Tenure of the Loan – 20 Years
  • Interest Subsidy Per Year – 3 Percent
  • Eligible Amount of Loan for Interest Subsidy Under CLSS(Under Credit Linked Subsidy Scheme) – Rs. 12 Lakh
  • Max. Interest Subsidy – Rs. 2.3 Lakh
  • The rate of Discount for Net Present Value Calculation – 9%
  • Max. Allowed Carpet Area – 110 Square Meter
  • Monthly EMI with Interest Subsidy – Rs. 8,059
  • Monthly EMI without Interest Subsidy – Rs. 10,528

Pradhan Mantri Awas Yojana – Housing for All (HFA Urban)

Pradhan Mantri Awas Yojana was Launched in 2015. This Scheme will Work from the Year 2015 to 2022. This Scheme became effective from 17th June 2015 and Will be implemented until 31st March 2018. The Scheme is Being Implemented in 3 Phases Out of Which First Phase has been completed successfully –

Phase 1 – From April 2015 to March 2017. In this Phase, 100 Cities from State/UTs have been selected

Phase 2 – From April 2017 to March 2019. Additional 200 Cities will be Covered

Phase 3 – From April 2019 to March 2022. All remaining cities will be covered

Objectives/Vision of Pradhan Mantri Awas Yojana

  • To Ensure that People from Rural & Urban Areas Get their Own Home
  • To Provide Financial Assistance Through Different Components of Scheme
  • To Improve the State of Poor Population

 

Pradhan Mantri Awas Yojana 2018 – FAQ’s

Is Bachelor Eligible to Avail the Benefits of PMAY?

  • Yes, Unmarried Person can Apply for Pradhan Mantri Awas. The Co-Applicant in this case will be the Mother.

How is the Subsidy Amount Transferred?

  • The Entire Subsidy is Given Upfront to the Housing Finance Company. Due to this Housing Loan Amount is Reduced and EMI is also reduced

I Live in Village? Am I Eligible for Pradhan Mantri Awas Yojana?

  • If the Roof of your House is Not Made of Concrete, then it is not considered as PUCCA House. In this Case, you Can Apply for Pradhan Mantri Gramin Awas Yojana.

Can Widows or Divorcees Apply for PMAY?

  • Yes, they Can !

Pradhan Mantri Awas Yojana 2019 – Latest Updates

  • Cabinet Approves Extra-Budgetary Support for Urban Housing Scheme
  • Centre Increases Carpet Area of Houses Under PM Awas Yojana
  • As per a Report Nearly three years into the Pradhan Mantri Awas Yojana (PMAY) for urban areas which promised “housing for all” by 2022, barely 8%, or 3 lakh of the 40.6 lakh houses targeted so far, have been constructed

ALSO, READ Check Pradhan Mantri Awas Yojana Beneficiary List Online


 

 

How to Apply?

We have Written a Separate Article Explaining the Complete Process to Apply Online for Pradhan Mantri Yojana.

Click Here to Apply Online for Pradhan Mantri Awas Yojana (Urban)

You can Also Download Detailed Manual/Guidelines of Pradhan Mantri Awas Yojana

615 Comments

Add a Comment
  1. I am looking book a flat to in this scheme. ……

    1. MY HOUSE IS NEW CONSTRUCTION PMAY REQUIRE LOAN VERY GOODS SKEEM

      1. can you guide me regarding same
        can you provide your contact no

        1. can contact for booking flat in jodhpur in pm awas yojana mob-9928902887

          1. Kya ye scheme kanpur ya Lucknow be nhi hai

          2. How to get PMAY in assam

        2. Mujhe bhi bataiye online kaise kare

        3. dear sir

          Please request you Pradhan mantri awas yojana applied kaise kare please tell me easily

          1. I waiting for answer

          2. jaise rathiya me bharthe hai

        4. How can we be accessible to PMAY in TELANGANA STATE

    2. I am unable to buy home .its a prime need. Roti Kapda n Makan.I haven’t own home.It is most essential for all,who haven’t own home.Really it is milestones .For launching the scheme evrybody appreciate .It is fulfillment of a dream. It revolutionary steps by Our Honeble PM.

      1. I am a widow from nizamaba telangana have not owen house can i apply PMAY for loan to purchage small house

      2. Plz send me website I filling the prantpradhaan yojna fOrm

    3. Which city u r looking to buy home ?

    4. I required own home.But salary received in cash.I payable EMI monthly.Please details for Pradhanmantri awas yojna. scheme.8082655664/9821550226

      1. I requard pm loan plz tell me how do applicable

    5. Im looking for his scheme in this scheme i cant find mumbai city ???? is it appliable for mumbai and maharashtra or not …

    6. Sir plzz tell where to submit the form for subsidized home loan under pradhan mantri awas yojna

    7. sir plz send me link for apply this scheme

    8. ji apka phone number send

    9. Very good sir

    10. I am agree to this scheme

    11. My father is passed in 2014 so my brother is work for Mobile repairing and my sister is 8year old and my mom is sad because my father died so please give my family 1 flat I managed that flat

  2. Please update soon, How to apply, Pradhan Mantri Yojana. Housing for all 2022. Great Initiative.

    1. Mumbai me yah yojna kaha hai

      1. santosh sagar

        room mo.08, lalitabai shetty chawl, yadav nagar, khairani road, sakinaka, andheri east
        mumbai – 4000 72

  3. how to apply for pmay,

    1. How to apply scheme

      1. Apne bank pe jaiye or manager se baat kijiye..

        1. aply kaisekare detals ples

      2. Sir I help you my city West Bengal bankura district

      3. dear sir ,i m belonging frm dibrugarh assam .

    2. How to apply scheme

  4. how to get book home for needy person pls give me detail

    1. Any body tell me ……………….?????? Where are Apply and Ho do processing for apply PMAY.

      Pl.mail on my Email id malahseya@gmail.com
      Thank you

  5. My parents are looking to construct one own house since 24 years not yet happens. I hope this will help us to fill our dreams..

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