What is The Pradhan Mantri Awas Yojana (PMAY)?
The Pradhan Mantri Awas Yojana (PMAY) is a program launched by the Government of India with the objective of providing affordable housing to the urban poor by the year 2024.
| Official Website | https://pmaymis.gov.in/ |
| Launch Date | 25th June 2015 |
| Expected Completion | By 31 December 2024 |
| Toll Free Number | 1800-11-6163 – HUDCO 1800 11 3377, 1800 11 3388 – NHB |
| Complaints or Suggestion | grievance-pmay@gov.in |
| Office Address | Pradhan Mantri Awas Yojana Ministry of Housing and Urban Affairs Nirman Bhawan, New Delhi- 110 011Contact: 011 2306 3285, 011 2306 0484 Email: pmaymis-mhupa@gov.in |
| PMAY Guidelines | Click to Download Manual |
Features and Benefits of PMAY Scheme:
- Subsidized Interest Rate: The PMAY Scheme offers a subsidy interest rate of 6.50% per annum on housing loans for a period of 20 years to all eligible beneficiaries.
- Preference for Differently Abled and Senior Citizens: The allocation of ground floors in housing projects is given preference to differently abled individuals and senior citizens, ensuring their accessibility and convenience.
- Sustainable Construction Practices: The PMAY Scheme promotes the use of sustainable and eco-friendly technologies for construction, contributing to environmental conservation and energy efficiency.
- Comprehensive Coverage: The scheme covers all urban areas in the country, including 4041 statutory towns, with a priority given to the first 500 Class I cities. The implementation is planned in three phases.
- Nationwide Implementation: The credit-linked subsidy aspect of the PMAY Scheme is implemented across all statutory towns in India right from the initial stages, ensuring widespread benefits.
| Beneficiary | Annual Income |
| Middle Income Group I (MIG I) | Rs.6 lakh to Rs.12 lakh |
| Middle Income Group I (MIG II) | Rs.12 lakh to Rs.18 lakh |
| Lower Income Group (LIG) | Rs.3 lakh to Rs.6 lakh |
| Economically Weaker Section (EWS) | Up to Rs.3 lakh |
Furthermore, individuals belonging to Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), as well as women from the Economically Weaker Sections (EWS) and Lower Income Groups (LIG) are also eligible for the PMAY scheme.
Identification and Selection of Beneficiaries under PMAY:
- The Pradhan Mantri Awas Yojana (PMAY) – Urban scheme primarily addresses the housing needs of the urban poor. It also caters to the housing requirements of slum dwellers residing in congested slum areas with inadequate infrastructure, poor sanitation, and limited access to drinking facilities.
- The beneficiaries of PMAY-U primarily include Middle-Income Groups (MIGs), Low-Income Groups (LIGs), and Economically Weaker Sections (EWS).
- While beneficiaries from the EWS category are eligible for complete assistance under the scheme, beneficiaries from LIG and MIG categories are eligible only for the Credit Linked Subsidy Scheme (CLSS) under PMAY.
- To be recognized as an LIG or EWS beneficiary under the scheme, applicants are required to submit an income proof affidavit to the relevant authority.
Go Deeper: How to Check PMAY List 2023
Key Highlights of PMAY Scheme
| Particulars | EWS | LIG |
| Eligible Housing Loan Amount for Interest Subsidy | Up to Rs.6 lakh | Up to Rs.6 lakh |
| Maximum Loan Tenure | 20 years | 20 years |
| Discounted Rate for Calculation of Net Present Value of Interest Subsidy | 9.00% | 9.00% |
| Dwelling Unit Carpet Area (sq.m.) | Up to 30 sq.m. | Up to 60 sq.m. |
| Duration of Scheme | 17 June 2015 to 31 December 2024 | 17 June 2015 to 31 December 2024 |
| Applicability of No Pucca House | Not for upgradation or renovation | |
| Woman Ownership/Co-ownership | Not required for an existing property. Compulsory for a new acquisition. | |
| Amount Paid in Lump Payment for Each Sanctioned Housing Loan application | Rs.3,000 | Rs.3,000 |
| Quality of Flat/House Construction | BIS Codes, National Building Code, and according to the NDMA Guidelines adopted | |
| Approvals for the Building Design | Mandatory | Mandatory |
| Basic Civic Infrastructure (water, electricity, sanitation, sewerage, road etc.) | Mandatory | Mandatory |
| Maximum Interest Subsidy Amount | Rs.2,67,280 | Rs.2,67,280 |
Key Parameters of PMAY
| Particulars | MIG I | MIG II |
| Eligible Housing Loan Amount for Interest Subsidy | Up to Rs.9 lakh | Up to Rs.12 lakh |
| Maximum Loan Tenure | 20 years | 20 years |
| Dwelling Unit Carpet Area (sq.m.) | 160 sq.m. | 200 sq.m. |
| Maximum Interest Subsidy Amount | Rs.2,35,068 | Rs.2,30,156 |
| Lump Sum Amount Paid for Each Sanctioned Housing Loan Application Instead of processing fee | Rs.2,000 | Rs.2,000 |
| Discounted Rate for Calculation of Net Present Value of Interest Subsidy | 9.00% | 9.00% |
| Duration of Scheme | 1 January 2017 to 31 December 2024 | 1 January 2017 to 31 December 2024 |
| Woman Ownership/Co-ownership | Not compulsory | Not compulsory |
| Applicability of No Pucca House | Yes | Yes |
| Approvals for the Building Design | Mandatory | Mandatory |
| Quality of House/Flat Construction | BIS Codes, National Building Code, and according to the NDMA Guidelines adopted | |
| Basic Civic Infrastructure (water, road, sanitation, sewerage, electricity etc.) | Mandatory | Mandatory |
| Income Proof to Claim Subsidy | Self-Declaration | Self-Declaration |
| Identity Proof | Aadhaar Card Number | Aadhaar Card Number |
Types of PMAY Scheme:
The Pradhan Mantri Awas Yojana (PMAY) scheme consists of two sub-sections, categorized based on the areas they focus on:
- Pradhan Mantri Awas Yojana Gramin (PMAY-G): Formerly known as the Indira Awas Yojana, PMAY-G was renamed in 2016. This scheme aims to provide affordable and accessible housing units to eligible beneficiaries in rural regions of India, excluding Chandigarh and Delhi. Under this scheme, the Government of India and respective state governments share the development cost of housing units in a ratio of 60:40 for plain regions and 90:10 for North-Eastern and hilly regions.
- Pradhan Mantri Awas Yojana Urban (PMAY-U): As the name suggests, PMAY-U focuses on urban areas in India. Currently, there are 4,331 towns and cities listed under this scheme. The scheme operates in three phases:
Phase 1: From April 2015 to March 2017, the government aimed to cover 100 cities across the country in different states and Union Territories.
Phase 2: From April 2017 to March 2019, the government aimed to cover an additional 200 cities across the country in different states and Union Territories.
Phase 3: The government targets to cover cities that were left out in Phases 1 and 2, with the aim of achieving the target by the end of December 2024.
PMAY Interest Subsidy
| Particulars | Interest Subsidy | >Maximum Loan for Subsidy |
| EWS | 6.50% p.a. | Rs.6 lakh |
| LIG | 6.50% p.a. | Rs.6 lakh |
| MIG -1 | 4.00% p.a. | Rs.9 lakh |
| MIG-2 | 3.00% p.a. | Rs.12 lakh |
Pradhan Mantri Awas Yojana (PMAY) Subsidy Calculator:
The Pradhan Mantri Awas Yojana (PMAY) scheme aims to simplify the home purchase process for the urban poor and weaker sections of society by offering them affordable EMIs with lower interest rates through subsidised loans.
To calculate the EMI, visit the Pradhan Mantri Awas Yojana website and provide the following details: http://pmaymis.gov.in/EMI_Calculator.aspx
- Total loan amount in rupees
- Rate of interest
- Loan period in months
After submitting these details, click on the ‘Calculate’ option to obtain the monthly installment or EMI payable in rupees.
How to Get PMAY Interest Subsidy?
- Apply for a home loan from a listed lending institution, specifying your eligibility for the subsidy.
- The lending institution will review your application and, if eligible, forward it to the Central Nodal Agency.
- After verification and approval, the Central Nodal Agency will disburse the subsidy amount to the lending institution.
- The lending institution will then credit the subsidy amount to your account, reducing your total loan amount.
- You can continue paying EMIs towards the remaining loan balance.
How to Transfer PMAY Subsidy to the Borrower’s Bank?
The bank providing the loan will claim the subsidy benefit from the National Housing Bank (NHB) on behalf of eligible applicants. The NHB will verify multiple applications under the scheme. Once confirmed, the subsidy amount will be given to the borrower’s bank, which will then credit the funds directly to the loan account.
PMAY Loan Eligibility:
The government will use the Socio-Economic and Caste Census of 2011 (SECC 2011) to identify and select PMAY beneficiaries. Village panchayats and tehsils will be consulted to ensure transparency and provide aid to deserving individuals under the rural housing scheme.
How to Apply for PM Awas Yojana Online?
You can apply for PM Awas Yojana (PMAY) through the official PMAY portal, which offers a user-friendly application process. To get started, you will need your Aadhaar number. Follow the on-screen instructions, fill out and submit the form to complete the application.
How to Check PMAY Application Status?
To check the status of your PMAY application, log in to the official Pradhan Mantri Awas Yojana portal at https://pmaymis.gov.in. Navigate to the tracking option and follow the on-screen instructions to check your application status.
How to Edit Your Details After Submitting PMAY Application?
- Visit the official website of Pradhan Mantri Awas Yojana.
- Enter your application reference number and Aadhaar details.
- Click on the “Edit” option.
- You will be allowed to edit your application details.
Phases of Pradhan Mantri Awas Yojana (PMAY)
The PMAY Scheme will be executed in three phases. Refer to the below tables for more details:
| Stage | Phase 1 | Phase 2 | Phase 3 |
| Start date | 04/01/15 | 04/01/17 | 04/01/19 |
| End date | 03/01/17 | 03/01/19 | 03/01/22 |
| Cities covered | 100 | 200 | Remaining cities |
PMAY Functions of Technology Sub-Mission
PM Awas Yojana Technology Sub Mission will cover following:
- Better Habitat Designing & Planning of the Buildings
- Planning to Develop Environment Friendly Houses
- Best Construction Practices
- Arranging the Most Innovative Technologies
- Picking the Most Suitable Materials
PMAY Customer Care Helpline Numbers
In case of any queries relating to the application process, interest rates and any other scheme related queries, customers can contact the toll free helpline number:
- 1800-11-6163 (Urban, HUDCO)
- 1800-11-3388 (Urban,NHB)
- 1800-11-3377 (Urban,NHB)
- 1800-11-6446 (Gramin)
Those facing any issues related to the application process can contact the above toll-free numbers according to the locations.
List of State Level Nodal Agencies for PMAY (U)
Top 10 Banks offering Home Loans Under PMAY Scheme
Top 10 banks in India which offer loans under the PMAY scheme are listed below:
- Bank of Baroda
- State Bank of India
- Axis Bank
- IDFC First Bank
- Bandhan Bank
- Bank of India
- HDFC Bank
- IDBI Bank
- Punjab National Bank
- Canara Bank
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