Pradhan Mantri Awas Yojana (Pmay)

PRADHAN MANTRI AWAS
YOJANA (PMAY)
Ankit gaidhani
PRADHAN MANTRI AWAS YOJANA (PMAY) -
CREDIT LINKED SUBSIDY SCHEME (CLSS)
• The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy

Scheme (CLSS) -
• ‘Housing for All’ is a home loan scheme launched by our honorable
Prime Minister Shri
• Narendra Modi.
• The scheme envisions 'Housing for All' by the year 2022. It
benefits people belonging to
• the Economically Weaker Section (EWS), Low Income Group (LIG),
Middle Income
• Group-I (MIG-I), and Middle Income Group-II (MIG-II) of society.
• Beneficiaries availing this scheme are eligible to avail interest
subsidy on the purchase
• or construction of a house or the enhancement of dwelling unit.
Eligibility Criteria
• • People belonging to the Economically Weaker Section (EWS), Low Income Group (LIG),
• Middle Income Group-I (MIG-I) and Middle Income Group-II (MIG-II) are eligible for this
• scheme
• • Age of the applicant must be 70 years or less
• • Income range of the applicant must be below Rs. 3 lakhs per annum for economically
• weaker sections and between Rs. 3 -6 lakhs per annum for lower income groups
• • Women who are citizens of India are eligible
• • Family means husband/wife/unmarried children.
• • Applicable for customers who are purchasing/constructing their first home. The
• beneficiary family should not own any other house in their name.
• • The carpet area should not exceed 30 sq. mt. for EWS (annual household income up to
• Rs. 3 lakh PA), 60 sq. mt. for LIG (annual household income between Rs. 3 lakh to Rs. 6
• lakh PA), 120 sq. mt. for MIG-I (annual household income between Rs. 6 lakh to Rs. 12
• lakh PA), and 150 sq. mt. for MIG-II (annual household income between Rs. 12 lakh to Rs.
• 18 lakh PA)
Exception
• An adult earning member (irrespective of

marital status) can be treated as a separate
• household – which means a bachelor availing
a loan can also avail subsidy if he/she is
• buying property in his/her name
PRADHAN MANTRI AWAS YOJANA
SCHEME TABLE
PMAY
Pradhan Mantri Awas Yojna (PMAY) is

a mission started with an aim ‘Housing
For All’ (HFA) scheme by NDA
Government to be achieved by the
year 2022, that is when India will be
completing its 75 years of
Independence. The mission started in
2015 and will be attained in seven
years i.e., during 2015 – 2022.
• HOUSING FOR ALL
• This Housing for All (HFA) scheme is
• envisioned by our Honorable Prime Mister
• Mr. Narendra Modi. “By the time the Nation
• completes 75 years of its Independence,
• Pradhan Mantri Awas Yojna will bring a
• ‘Pucca house’ for every family in urban
• cities with water connection, toilet
• facilities, 24x7 electricity supply and
• complete access.” As addressed by our
• Prime Minister in the joint session of
• parliament on 9th June, 2014.
• MISSION
• “Housing for all” Mission for Urban area will be
• implemented during 2015-2022. The Mission will be
• implemented through four verticals giving options to
• beneficiaries, ULB and State Governments as under:
• i)”In Situ “ slum Redevelopment,
• ii) Affordable housing through credit Linked subsidy,
• iii) Affordable housing in partnership,
• iv) Subsidy for beneficiary– led individual house
• construction.
• Out of above, affordable Housing through Credit Linked
• Subsidy will be implemented through Banks/FI ,under
• the mission.
• OBJECTIVE
• A comprehensive mission of PMAY Housing Scheme
• aims to create:
• Affordable homes with water connection, toilet
• facilities, 24x7 electricity supply and complete access.
• 2 crore houses to be built across nation’s length and
• breadth.
• Targeting the Lower Income Groups (LIG) and
• Economically Weaker Section of our society (EWS),
• basically the urban poor by the year 2022.
• The scheme is applicable for MIG-I & MIG-II up to 31st
• March 2019 and for EWS/LIG up to 31st March 2022.
• 2 million non-slum urban poor households are
• proposed to be covered under the Mission.
• PURPOSE
• The Scheme will cover all statutory towns as per Census
• 2011. List available at Website WWW.nhb.org.in.
• Credit Linked Subsidy will be available for housing loans
• availed for new construction and addition of rooms,
• kitchen, toilet etc., to existing dwelling as incremental
• housing.
• The ‘carpet area’* of house being constructed or enhanced
• under the mission should be up to 30 sq. meter for EWS
• category, up to 60 sq. meter for LIG category, 160 sq.
• meter for MIG I category & 200 Sq. meter for MIG II
• Category.
• The beneficiary at his/her discretion could build a house of
• large area but interest subvention would be limited to
• specified limit as per the scheme.
• Carpet Area*:- Area enclosed within the walls, actual area to
• lay the carpet. This area does not include the thickness of
• the inner walls.
• BENEFICIARY
• Individual/s from Economically Weaker Section (EWS), Low
• Income Group (LIG), MIG-I and MIG-II seeking housing
• loans from Banks, Housing Finance Companies and other
• such institutions.
• EWS:- Households having annual income up to
• Rs.3,00,000.
• LIG:- Households having Annual income between
• Rs.300,001 up to Rs.6,00,000.
• MIG I: Households having annual income above Rs. 6.00
• lakh & up to Rs. 12.00 lakh.
• MIG II: Households having annual income above Rs. 12.00
• lakh & up to Rs. 18.00 lakh.
• State/UTs shall have the flexibility to re-define the annual
• income criteria as per local conditions in consultation with
• the centre.
• BENEFICIARY
• For identification as EWS/LIG beneficiary under
• the scheme, an individual loan applicant will
• submit self attested certificate/affidavit as proof
• of income.
• The beneficiary family will comprise husband,
• wife and unmarried children.
• The beneficiary family should not own a pucca
• house either in his/her name or in the name of
• any member of his/her family in any part of India.
• Maximum 70 years, at the end of repayment
• period.
• OWNERSHIP OF HOUSE
• For EWS/LIG beneficiary under the scheme, the
• house constructed/acquired with central assistance
• under the mission should be in the name of the female
• head of the household or in the joint name of the male
• head of the household and his wife, and only in cases
• when there is no adult female member in the family, the
• house can be in the name of male member of the
• household.
• For MIG-I and MIG-II, the house constructed should
• be in the name of either of the spouses or both together
• in joint ownership will be eligible for a single house.
• PREFERENTIAL BENEFICIARIES
• Preference under the scheme, subject to
• beneficiaries being from EWS/LIG segments:
• Manual Scavengers,
• Women(with overriding preference to widows),
• Persons belonging to Scheduled Castes
• Scheduled Tribes
• Other Backward Classes,
• Minorities,
• Persons with disabilities and
• Transgender.

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PRADHAN MANTRI AWAS

• The Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy

• An adult earning member (irrespective of

Pradhan Mantri Awas Yojna (PMAY) is

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