Pradhan Mantri Awas Yojana (Urban)-PMAY (U) NEW UPDATES 2020.

Pradhan Mantri Awas Yojana (Urban)-PMAY (U) NEW UPDATES  2020.

Pradhan Mantri Awas Yojana (Urban)-PMAY (U) NEW UPDATES  2020.

The Mission provides Central Assistance to the implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families/ beneficiaries against the validated demand for houses for about 1.12 cr. As per PMAY(U) guidelines, the size of a house for Economically Weaker Section (EWS) could be upto 30 sq. mt. carpet area, however States/UTs have the flexibility to enhance the size of houses in consultation and approval of the Ministry.

Pradhan Mantri Awas Yojana (Urban)-PMAY (U) 2020.

In continuation to this Government’s efforts towards empowerment of women from EWS and LIG unlike earlier schemes, PMAY (U) has made a mandatory provision for the female head of the family to be the owner or co-owner of the house under this Mission. Verticals of PMAY (Urban) A basket of options is adopted to ensure inclusion of a greater number of people depending on their income, finance and availability of land through following four options.

Pradhan Mantri Awas Yojana (Urban) Ministry of Housing and Urban Affairs Nirman Bhawan, New Delhi-110011

Beneficiaries Under the Pradhan Mantri Awas Yojana: 

A beneficiary family will compromise husband, wife, unmarried sons and/or unmarried daughters.
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

> Identification and Selection of Beneficiaries under PMAY:
The Pradhan Mantri Awas Yojana (Urban) scheme caters mainly to the housing requirements of the urban poor. The scheme also caters to the housing requirement of slum dwellers residing in confined areas of slums with inadequate infrastructure, poor sanitation and drinking facilities.

Beneficiaries of PMAY(U) mainly include Middle Income Groups (MIGs), Low-income Groups (LIGs) and Economically Weaker Section (EWS). While the annual income for EWS category beneficiaries is capped at Rs.3 lakh, the annual income of LIG and MIG beneficiaries can range between Rs.3-6 lakh and Rs.6-18 lakh respectively.

While the beneficiaries from the EWS category is eligible for complete assistance under the scheme, beneficiaries from LIG and LIG categories are only eligible for the Credit Linked Subsidy Scheme (CLSS) under PMAY.

In order to be recognised as a LIG or EWS beneficiary under the Scheme, the applicant is required to submit an affidavit as income proof to the authority.

PMAY Subsidy Offers and Benefits
The total number of PMAY applications processed through Bajaj Housing Finance Limited are more than 3700.Disclaimer:

*The Details mentioned above are based on the scheme framed by the Government of India under the Pradhan Mantri Awas Yojana (PMAY-Urban). These are subject to change as and when there is a change in the scheme by the Government of India. "Benefit under this scheme can be availed only for Housing loans offered by Bajaj Housing Finance Limited."
 About Pradhan Mantri Awas Yojana (PMAY)
 The Pradhan Mantri Awas Yojana (PMAY) scheme was launched by the Government of India to boost the affordability of houses against an inflated real estate sector. The scheme aims to achieve its objective of “Housing for All” by 31 March 2022, the 150th birth anniversary year of Mahatma Gandhi, by constructing 20 million houses across the nation.

Based on the areas that it caters to, this Yojana has two parts – Urban and Gramin.1. Pradhan Mantri Awas Yojana Urban (PMAY-U)

At present, the Pradhan Mantri Awas Yojana Urban (PMAY-U) has around 4,331 such towns and cities under this scheme. It also includes urban development authority, special area development authority, industrial development authority, development area, notified planning, and every other authority which is responsible for urban planning and regulations.

The scheme will progress in the following three phases:

Phase 1. To cover 100 cities in select states and UTs between April 2015 and March 2017.
Phase 2. To cover 200 additional cities between April 2017 and March 2019.
Phase 3. To cover the remaining cities between April 2019 and March 2022.

As per data from the Ministry of Housing and Urban Affairs, as of 1st July 2019, the progress of PMAY-U in all states and union territories:
  • Sanctioned houses - 83.63 Lakh
  • Completed houses - 26.08 Lakh
  • Occupied houses - 23.97 Lakh

According to the same data, the total amount deemed to be invested is Rs. 4,95,838 Crore out of which, Rs. 51,414.5 Crore of funds have already been released.2. Pradhan Mantri Awas Yojana Gramin (PMAY-G)

The Pradhan Mantri Awas Yojana Gramin (PMAY-G) was formerly called the Indira Awas Yojana and was renamed in March 2016. It is targeted at promoting accessibility and affordability of housing for all of rural India with the exceptions of Delhi and Chandigarh.

The objective is to provide financial assistance to the homeless and those residing in decrepit houses to assist them in the construction of pucca houses. Beneficiaries living in plains can receive up to Rs. 1.2 Lakh and those in North-Eastern, hilly areas, Integrated Action Plan (IAP), and difficult areas can avail up to Rs. 1.3 Lakh owing to this housing endeavour. At present, as per data available from the Ministry of Rural Development, 1, 03,01,107 houses have been sanctioned in all states and UTs.

In an attempt to boost the purchases in the real estate sector, the Government launched PMAY, and this cost of housing development will be shared between the Central and State Government in the following ways:

64:40 for plain regions.
90:10 for North-Eastern and hilly areas.
Beneficiaries of this PMAY scheme will be identified as per data available from the Socio-Economic and Caste Census (SECC) and include -
Scheduled castes and scheduled tribes.
Non-SC/ST and minorities under BPL.
Freed bonded labourers.
Next of kin and widows of paramilitary forces and individuals killed in action, ex-servicemen, and those under a retirement scheme.
Components of the PM Awas Yojana
There are four primary features of this scheme:

I. Credit Linked Subsidy Scheme (CLSS)

The CLSS provides subsidies on home loan interest rates to those eligible for this scheme. The PMAY subsidy rate, subsidy amount, maximum loan amount, and other details have been mentioned below:


Ways to check the Name in Pradhan Mantri Awas Yojana List?
PMAY list is available in two different categories – urban and rural. Note that individuals under PMAY-Gramin (rural) category receive registration numbers on applying successfully. This number is needed while checking the PMAY-G list.

If you fall under the rural category, follow these steps below:

Step 1: Open the official website of PMAY-Gramin.
Step 2: Provide your registration number accurately and click on ‘Submit’.

Applicants can also check the beneficiary list without their registration number. Here are the steps to follow:
  • Step 1: Visit the official website of PMAY-Gramin.
  • Step 2: Ignore the registration number tab and click on the Advanced Search button.
  • Step 3: Fill up the form that appears with correct details.
  • Step 4: Proceed with the ‘Search’ option.
  • All the relevant details will appear if your name is present on the PMAY-G list.
  • If you fall under the urban category, follow the below steps:
  • Step 1: Visit the official site of PMAY.
  • Step 2: A ‘Search Beneficiary’ menu will appear before you. Click on the ‘Search by Name’ there.
  • Step 3: Provide the first three characters of your name.
  • Step 4: Click on the button ‘Show’, and the PM Awas Yojana list will appear.

Look for your name along with other relevant details on the PMAY list-Urban. These beneficiary charts are updated from time to time. So, do check the latest PMAY list 2018-19.

How to apply for this PMAY Scheme?
Beneficiaries can apply for PMAY through the following:

A. Online

Individuals can visit the official website of the scheme to apply online. They need to have a valid Aadhaar Card to apply.

B. Offline

Beneficiaries can apply for the scheme offline by filling up a form available through Common Service Centre (CSC). Price of these forms is Rs. 25 + GST.

How to check your name in PMAY 2019 Beneficiary List?
Those eligible for the scheme can check their name in the Pradhan Mantri Awas Yojana list by following these few steps Liks :

: Imporant Links :

Step 2: Click “All Government :- GR ”.

Pradhan Mantri Awas Yojana (Rural) Links
Is Pradhan Mantri Yojana available to existing home loan borrowers?

Existing home loan borrowers are eligible for this scheme provided they fulfil all the relevant eligibility criteria.

Pradhan Mantri Yojana has played a significant role in providing affordable housing. The role of this scheme is not limited to making housing accessible and affordable to all irrespective of their financial stability, but it has also created ample job opportunities in the real estate sector. This scheme, along with the inclusion of RERA, led to the creation of about 6.07 Crore jobs across the nation.

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