Introduced in 2015, the Pradhan Mantri Awas Yojana (PMAY) is a flagship housing program of the Government of India with the vision of making housing accessible to all by the year 2022. Even though the timeline has been extended in different phases, the mission still helps millions of Indians.
Whether you are a first-time buyer or one interested in government welfare schemes, here is all that you need to know about PMAY.Key Highlights of PMAY
Launched: June 2015
Target Year: 2022 (with extensions in some states)
Main Objective: Affordable housing for all urban and rural poor
Sub-divisions:
PMAY-U (Urban)
PMAY-G (Gramin/Rural)
Benefits of PMAY Interest Subsidy:
Beneficiaries can opt for interest subsidy on home loans under the Credit Linked Subsidy Scheme (CLSS):
Up to ₹2.67 lakh subsidy
Low interest rates (min. 6.5%)
Environment-Friendly Construction:
Encourages eco-friendly and environmentally sound housing solutions.
Direct Transfer of Funds:
The funds are transferred to the bank account of the beneficiary directly.
Inclusive Coverage:
Covers women, transgenders, senior citizens, SC/ST, and other economically weaker segments.
Eligibility Criteria
To apply for PMAY, you should fulfill these conditions:
You or your family members should not possess a pucca house in any part of India.
You should belong to one of the below income groups:
EWS (Economically Weaker Section): Income up to ₹3 lakh
LIG (Low Income Group): ₹3–6 lakh
MIG-I: ₹6–12 lakh
MIG-II: ₹12–18 lakh
Women ownership of the house is required in EWS and LIG categories.
How to Apply for PMAY?
You can apply online or offline:
Online:
Go to pmaymis.gov.in
Click on “Citizen Assessment”
Enter Aadhaar and personal details
Submit and remember your application number for tracking
Offline:
Go to your nearest Common Service Center (CSC) or bank associated with PMAY.
Latest Updates (2025) As of 2025:
More than 1.2 crore homes have been approved under PMAY-U.
States such as Uttar Pradesh, Maharashtra, and West Bengal are actively implementing the scheme.
The government has signaled PMAY 2.0, with an emphasis on quicker delivery and integrated smart infrastructure.
Conclusion
Pradhan Mantri Awas Yojana is not a mere housing scheme – it is a revolutionizing leap towards achieving the dream of every Indian to own a home. With subsidization of interest rates, easy application procedures, and inclusive eligibility, PMAY is a welfare flagship program.
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