Pradhan Mantri Awas Yojana or PMAY 2019-20 is a government initiative to provide housing for all by 2022, targeting economically weaker sections of Indian society.
Introduction to PMAY 2019-20
PMAY 2019-20 has been set off with an intention to provide affordable pucca houses for the weaker sections of a society, grounded in the vision of ‘housing for all by 2022’. The scheme was begun in June 2015. The ambitious project aims at building 2 crore houses for people. These houses will be built in a phased manner. There is a set target of providing Rs. 2 trillion as financial assistance by the central government. The project is about to be spread across the country for the rural and urban poor by 31st March 2022. On this day the nation will celebrate its 75th Independence Day.
The central government intends to build cooperation with real estate builders to create affordable homes that would be based on eco-friendly technology. Under PMAY-2019-20the homes will be built in selected cities of India. The last date of applying for house under PMAY scheme and to get the benefit of subsidy is 31st march 2022. For MIG 1 and 2, the last date is 31st March 2019. It will be under the credit-linked subsidy scheme. PMAY 2019-20 has two parts namely Urban and Gramin.
The credit linked subsidy scheme is on home loans only for the properties in the urban areas. It will benefit people who are in the category of the economically weaker or low-income group and middle-income group. It is made sure that all the houses are pucca, have toilets and electricity and gas connection under Ujjwala scheme. Under PMAY there will be Jan Dhan Yojana for the people for the opening of bank accounts. For the slum development phase of the scheme, the private sector is roped in. The purpose of PMAY 2019-20 is to encourage economically weaker people and people from low and middle-income groups to apply and possess houses so that the dream of the house for all is fulfilled by the year 2022.
Online application for PMAY 2019-20
There is an online facility to apply for PMAY housing. The process is without hassles and quite user-friendly. Once the application is made online, it can be traced online and it will be helpful to the applicants to know the application status.
Points to consider filling PMAY 2019 online:
The applicant should make sure that he/she is eligible to apply for the PMAY scheme. To get more details, you should visit the PMAY website to check the beneficiary list. People who have an Aadhar card only can apply for the scheme. As it is mandatory to possess bank-related and income-related documentary proof, it is advisable to keep these handy while applying.
How to apply for PMAY 2019-20 scheme online?
1. One has to log on to the PMAY website which is pmaymis.gov.in.
2. Now you should select ‘citizen assessment’ option. You should click on the appropriate option. It may be for ‘slum dwellers’ or ‘benefits under other components’.
3. Now you should enter the Aadhar card details.
4. Next step will take you to the actual application page. On this page, you will fill in all the details. Your information should be correctly filled in.
5. You should mention the name, contact number, personal details, bank account and other details of bank and income details.
6. Next step is the step to ‘save’ the page. You will find the Captcha code which should be typed in correctly.
7. Now the application is complete after you’ve saved it. You may use the print option to take a printout.
You can apply for the PMAY 2019 offline also. For applying offline, you have to visit the common service centre. There, will have to fill in all necessary details on the application form. The fee will be Rs 25 plus GST.
Subsidy from the government
The government will provide a subsidy on interest @6.5% for economically weaker sections and 4% for MIG1 and 3% for MIG2 on the housing loans taken by the beneficiary. It will be under a credit-linked subsidy scheme. The houses under PMAY will be constructed based on eco-friendly technology. There is a provision for allotting the houses to differently-abled and senior citizens on priority.
Progress of PMAY 2019-20
The number of sanctioned houses is 96.5 lakh units and the houses grounded tally stands at 60 lakh units. The tally of houses completed is around 32 lakhs and around 31 lakh houses have been occupied already. The central government has released a fund of Rs 57, 900 crores till now. The total investment till now has been around 57, 0282 crores. The PMAY U covers around 4000 towns under its scheme and PMAY Gramin was earlier known as Indira Awas Yojana.
One of the objectives of the government has been to provide houses to those people living in old and dilapidated structures. It has been decided that they should be helped in building their own homes. Eligibility for the housing scheme will depend on the income bracket one belongs to. For the people in the category of EWS and LIG, female members should compulsorily be the owners of the property. The applicants and the dependents should be first-time owners of houses. None of the members of the family should own any piece of property anywhere in the country. The family means husband, wife and dependent and unmarried sons and daughters. GST rate of 18% will be applicable.
The annual household income of Economically Weaker sections shall be up to Rs. 3 lakhs while the maximum income threshold is between Rs. 3-6 lakhs for those applying in the LIG category. For the MIG category, annual income will be approximately hovering between Rs. 6-18 lakhs. People under SC/ST/OBC categories should possess documentary proof including their income and caste certificates
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