- PMAY SUBSIDY
Pradhan Mantri Awas Yojana- Housing for All (Urban)
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. 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.
Objective of Pradhan Mantri Awas Yojna (PMAY) - Housing for All
A comprehensive mission of PMAY Housing Scheme aims to create:
- Indian women of all religions and castes. Everyone will be equally eligible no biased treatment on basis of caste or religion.
- People who come from low income and economically weaker sections of the society.
- ST (Scheduled Tribes).
- SC (Scheduled Castes).
What is the eligibility criteria for the PMAY subsidy?
EWS: You have to provide enough proof that you belong to the economically weaker section of the society. How will the government define EWS and LIS categories? There are specific criteria listed to distinguish you belong to the EWS category. Households with an annual income Up to Rs. 3 lakh will be defined under EWS.
LIG: LIG or Low Income Group people are also eligible to get benefits under PMAY. To be classified under LIG you will have to prove that your annual household income is between Rs. 3 lakh and 6 lakh.
MIG 1 : Medium Income Group 1, a person earning leass then rs 12 lakhs per year. He/she can get loan upto rs 9 lakhs.
MIG 2: Medium Income Group 2, a person earning less then rs 18 Lakhs. He/She can get loan upto rs 12 lakhs.
Minority Groups: The persons belonging to the minority communities such as the SC/ST or OBC, will have to provide adequate provide their caste certificates to enlist themselves for PMAY.
Women: Women who either belong to the minority communities or EWS or LIG will also be considered eligible for PMAY.
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