Pradhan Mantri Awas Yojana, also known as PMAY, was introduced on 1 June 2015 by Prime Minister Narendra Modi with an initiative aiming to provide affordable houses to the urban poor.
In this guide by H&R Block, we will be discussing the PMAY scheme and how to apply for it.
Under the Pradhan Mantri Awas Yojana scheme, affordable houses are built in selected towns and cities using construction methods that are eco-friendly in order to benefit the urban poor population of the country. The plan of the scheme involves around 20 million houses to be built by 31 March 2002 at an affordable price. The Central Government has assisted with USD 31 billion financially.
The scheme is divided into two parts, namely:
The number of urban dwellers in India is increasing by the day, and the count is alarming. It has been estimated that the population in the urban areas of the country will rise to around 814 million people by 2050. The main challenge by the rise in the population will be to provide housing options that one can afford along with sustainable development. Along with providing housing options, the ministry also has to look after implementing proper sanitation and safer environment for the rising population.
Keeping these things in mind, the government has the following objectives for introducing the Pradhan Mantri Awas Yojana scheme:
Pradhan Mantri Awas Yojana has some important features that make it stand out from any other housing scheme.
The list of beneficiaries for the PMAY scheme will be retrieved by the government from the Socio Economic and Caste Census (SECC). Consultation of the beneficiaries before making the final list under the rural housing scheme will be made with the help of village panchayats and tehsils. This process is to be followed for ensuring transparency in the project and making sure that only the deserving individuals receive the help in housing.
If you want to apply for the PM Awas Yojana scheme, you are required to have an annual income of Rs 6 lakh to Rs 18 lakh. You can include the annual income of your spouse while applying for the PMAY scheme.
The criteria for applying under this scheme are as follows:
It is important for you to make sure that you have checked your name, as well as your eligibility, is present in the list of beneficiaries before filling the PMAY scheme application form.
For checking your eligibility, you can submit your BPL certificates to the lending institution. The institution will notify you about your eligibility for applying under the scheme. You can also check the beneficiary list on the official website of PMAY.
The process for applying under the scheme online is very convenient, simple and time-saving. You can follow the steps mentioned below for the PMAY scheme online application process.
If you realise that you have made mistakes while submitting the form, you can edit it and then submit it again. The process of editing the details after submission is as follows:
A. Yes, if you are a woman who is running the family belonging to the lower income groups, you will be given priority to apply for this scheme. However, if any of your family members have already applied for the PMAY scheme, your application will be rejected.
A. The project is open till 2022. However, this is only the date where the beneficiaries can avail the scheme. The construction and moving process might take a longer time.
A. This step isn’t taken to make the ultimate housing price expensive. It is being put in place so that the environment is left unharmed and the people, in the near future, do not perish to the environmental haphazard.
A. The Mahatma Gandhi National Rural Employment Guarantee Act will help the government to provide opportunities to people to work as labourers for constructing homes under the Pradhan Mantri Awas Yojana scheme in the rural areas.
A. Anybody who belongs to the economically weaker section of society and doesn’t own a pucca house.
A. Yes, they can avail the scheme.
A. For applying online, you are required to mandatorily have an Aadhaar card. If you do not have an Aadhaar card, make sure you get it made from the nearest Common Service Center at the earliest.
Saving taxes and filing income tax return accurately becomes very easy when you have professional help. This is where we come into the picture. We have a team of in-house tax experts who can file your tax return accurately while giving you maximum tax benefits.