Building a house is a dream of almost every Indian who falls within the lower economic and income zone. Most people are unable to achieve their dreams as they don't have sufficient potential and capital to do so. To solve this issue, the Central Government, on 1st June 2015, launched the PMAY or the Pradhan Mantri Awas Yojana.
Prime Minister Narendra Modi launched it with a mission of ‘Housing For All’ by 2022. PMAY is a flagship initiative of the Government of India that aims to provide affordable housing to the people of the rural and urban areas within 2022.
The PMAY scheme aims to cater to the needs of the people who belong to the Economically Weaker Section (EWS), Low Income Group, and Middle-Income Group. This scheme offers a Credit Linked Subsidy, under which the beneficiaries can enjoy a subsidy of 6.5% on the home loan.
Under this scheme, only those people who are either homeless or reside in kutcha houses based on the data of socio-economic and caste census 2011 are eligible. The scheme was launched with a target to construct 2.7 lakh houses within 2022. Till now, more than1.9 lakh houses have been completed, which is about 68% of the target.
People who are interested in availing Pradhan Mantri Awas Yojana scheme should fulfill the requirements set up by the Government. The eligibility criteria for PMAY are:
The beneficiary can apply for the PMAY either in an online or offline format. These steps are needed to be followed to apply online.
In order to apply for the PMAY scheme, you need to visit the nearest Common Services Centre, authorized by the Government. Then you need to fill out the form along with the required documents.
Documentation is the most crucial part of getting the benefits of the PMAY Scheme. An individual may be unable to avail PMAY Scheme unless all his documents are updated. Hence, while applying for PMAY, you must have all your essential documents ready. Authentic documents determine the eligibility criteria for an applicant.
Here is a list of documents that are required to apply for PMAY:
These are the documents accepted as identity proof.
The following documents are accepted as address proof.
The income proof documents are different for salaried persons and self-employed individuals.
These are the essential documents accepted to avail the benefit of the Pradhan Mantri Awas Yojana scheme.