PM Awas Yojana: PM Narendra Modi’s third term has started. The first meeting was held on Monday in which decisions related to the needs of farmers and common people were taken. On the one hand, the 17th installment of PM Kisan Samman Nidhi was released, while on the other hand, the cabinet meeting approved the plan to build 3 crore houses under the Pradhan Mantri Awas Yojana (PMAY).
PMAY was started with the aim that everyone in the country should have a pucca house. Let us tell you who can avail the benefits of this scheme and what is the way to apply.
Know what is PM Awas Yojana
The government started PMAY in June 2015. This scheme is run in both rural India and urban India. In rural India it is run as Pradhan Mantri Awas Yojana Gramin (PMAY-G) and in cities it is run as Pradhan Mantri Awas Yojana Urban (PMAY-U).
Under the PM Awas Yojana, the government gives subsidy on home loans. The amount of subsidy depends on the size of the house and income. Under this scheme, banks are encouraged to provide home loans at low interest rates. The maximum repayment period of home loans under the scheme is 20 years. Statistics show that more than 4.1 crore houses have been built under PMAY in the last 10 years.
Who can avail the benefits of this scheme
People whose annual income is up to Rs 18 lakh can avail the benefits of this scheme. People associated with EWS whose annual income is less than Rs 3 lakh are also eligible for this scheme. To avail the benefits of the scheme, the applicant must be 18 years of age. Also, it is necessary to be a citizen of India.
But keep in mind that the benefits of the scheme can be availed only if you do not already have a pucca house. Even if someone in the family has a government job, the benefits of this scheme cannot be availed. Apart from this, the benefits of this scheme will not be available to those families who are availing the benefits of any housing scheme of the Government of India or the State Government.
You can apply like this
The benefits of the scheme can be availed both online and offline. To apply online, you have to visit the official website of Pradhan Mantri Awas Yojana https://pmaymis.gov.in/. For offline application, you have to go to the nearest Common Service Center. Some documents will also be required while applying like identity card, address proof, income proof, passport size photo and property documents.
