Pradhan Mantri Awas Yojana 2017 - PM Awas Yojana is a Sarkari Awas Yojana launched by central government for poor and needy people. The scheme is also known as Pradhan Mantri Awas Yojana Housing for All by 2022. PMAY Housing Scheme launched by Prime Minster Narendra Modi for BPL, EWS and LIG categories. If you are searching for the scheme details such as how to apply online application and register for house in Prime Minister Housing Scheme, then you landing on a right page.
Here we guide you about the process of application and how you can get benefits of Pradhan Mantri Awas Yojana.
Detail of Pradhan Mantri Awas Yojana
PM Awas Yojana scheme was launched in the month of April in 2015 and the ministry of housing and urban alleviation published official notification regarding to information and terms and conditions and guidelines.
The scheme is gift for those who are not able to buy a house at their own. In this scheme, state government and central government helping the needy and weaker section people in owning a house by providing them a subsidy and by other ways. In the end of this you can download the Pradhan Mantri Awas Yojana Application form pdf file and guidelines and other notification by simply clicking on the links.
The aim of the scheme is to providing livable housing unit to all the needy and poor people till 75th anniversary of our Independence that means by 2022.
Pradhan Mantri Awas Yojana Scheme at Glace:
Phase of Implementation:
Phase-1 from April 2015 to March 2017 – 100 cities to be covered.
Phase-2 from April 2017 to March 2019 - 200 cities to be covered.
Phase-3 from April 2019 to March 2022 – left out cities to be covered.
As we mentioned above, the people belongs to LIG and EWS category are being benefited under Pradhan Mantri Awas Yojana Urban.
However, here are further specifications of people who are targeted as direct beneficiaries: Indian women of all religions and castes. There will be no biased approach depending on the said factors and everyone will be equally eligible. People who come from low income and economically weaker sections of the society. Scheduled tribes. Scheduled castes. In this scheme, eligible applicant can apply for new house and for expanding the existing one. These benefits are being provided under PMAY four components. Slum Development – Under this component, the slum houses will be reconstructed. Credit Linked Subsidy – Subsidy will be given for constructing new houses or maintenance of houses Affordable Housing in Partnership – Central Assistance will be given per EWS house. Subsidy for Beneficiary Led Individual House Construction – This is for individuals (of LIG group) who require Individual houses.
Pradhan Mantri Awas Yojana Benefits: Interest Subsidy percent on housing loan will be provided for 15 years to the beneficiaries. Interest Subsidy rate are:
Subsidy of 6.5 percent for loan amount of Rs. 6.0 lacs
Subsidy of 3.0 percent for loan amount of Rs. 12.0 lacs
Subsidy of 4.0 percent for loan amount of Rs. 9.0 lacs
These are the new interest subsidy rates of Pradhan Mantri Awas Yojana 2017 announced by Prime Minster Narendra Modi. The above interest subsidy is for urban area and for rural area it is 3 percent on the loan amount of Rs. 2 lakh.
Here we guide you about the process of application and how you can get benefits of Pradhan Mantri Awas Yojana.
Detail of Pradhan Mantri Awas Yojana
PM Awas Yojana scheme was launched in the month of April in 2015 and the ministry of housing and urban alleviation published official notification regarding to information and terms and conditions and guidelines.
The scheme is gift for those who are not able to buy a house at their own. In this scheme, state government and central government helping the needy and weaker section people in owning a house by providing them a subsidy and by other ways. In the end of this you can download the Pradhan Mantri Awas Yojana Application form pdf file and guidelines and other notification by simply clicking on the links.
The aim of the scheme is to providing livable housing unit to all the needy and poor people till 75th anniversary of our Independence that means by 2022.
Pradhan Mantri Awas Yojana Scheme at Glace:
- Name of Scheme: Pradhan Mantri Awas Yojana Housing for All by 2022
- Launch Date: 25 June 2015
- PMAY Scheme Implementation Time Period: 7 Years (2022)
- Housing for to Constructed under PMAY: 3 crore Plus
- People Getting Primary Benefit: BPL Families, Poor People, Needy People and those who don’t have house or living in slums.
- Targeted Categories: Economical Weaker Section and Lower Income Group.
- Targeted Area: Across the Country.
Phase of Implementation:
Phase-1 from April 2015 to March 2017 – 100 cities to be covered.
Phase-2 from April 2017 to March 2019 - 200 cities to be covered.
Phase-3 from April 2019 to March 2022 – left out cities to be covered.
As we mentioned above, the people belongs to LIG and EWS category are being benefited under Pradhan Mantri Awas Yojana Urban.
However, here are further specifications of people who are targeted as direct beneficiaries: Indian women of all religions and castes. There will be no biased approach depending on the said factors and everyone will be equally eligible. People who come from low income and economically weaker sections of the society. Scheduled tribes. Scheduled castes. In this scheme, eligible applicant can apply for new house and for expanding the existing one. These benefits are being provided under PMAY four components. Slum Development – Under this component, the slum houses will be reconstructed. Credit Linked Subsidy – Subsidy will be given for constructing new houses or maintenance of houses Affordable Housing in Partnership – Central Assistance will be given per EWS house. Subsidy for Beneficiary Led Individual House Construction – This is for individuals (of LIG group) who require Individual houses.
Pradhan Mantri Awas Yojana Benefits: Interest Subsidy percent on housing loan will be provided for 15 years to the beneficiaries. Interest Subsidy rate are:
Subsidy of 6.5 percent for loan amount of Rs. 6.0 lacs
Subsidy of 3.0 percent for loan amount of Rs. 12.0 lacs
Subsidy of 4.0 percent for loan amount of Rs. 9.0 lacs
These are the new interest subsidy rates of Pradhan Mantri Awas Yojana 2017 announced by Prime Minster Narendra Modi. The above interest subsidy is for urban area and for rural area it is 3 percent on the loan amount of Rs. 2 lakh.