Planning to buy home? Check out your eligibility for Pradhan Mantri Awas Yojana 2023
The Pradhan Mantri Awas Yojana (PMAY), launched by the Central government in 2015, is a groundbreaking initiative with the mission to provide affordable housing to those in need and address India's housing shortage in both urban and rural areas.
Pradhan Mantri Awas Yojana
The Pradhan Mantri Awas Yojana (PMAY), launched by the Central government in 2015, is a groundbreaking initiative with the mission to provide affordable housing to those in need and address India's housing shortage in both urban and rural areas. Recently, the government extended the implementation period of the scheme until December 2024, responding to requests from various states. Notably, the PMAY operates on a demand-driven approach, granting states and Union Territories the authority to approve housing projects for all eligible beneficiaries.
To unlock the benefits offered by the PMAY, it's essential to understand the eligibility criteria, the target beneficiaries, the housing schemes available, and the application process.
Types of Housing Schemes Under PMAY
The PMAY program primarily targets three key segments of the population: the economically weaker sections (EWS), the lower-income groups (LIG), and the middle-income groups (MIG) residing in both urban and rural areas.
PMAY Eligibility
Several factors determine eligibility for the program:
1. Applicants must be Indian citizens.
2. They should not possess a permanent house in their name or under any family member's name.
3. The annual income of the applicants should not surpass the prescribed limit for their respective categories.
4. Applicants should not have previously received any form of government housing benefits.
How to Apply for the PMAY Program?
Applying for the PMAY scheme is a straightforward process. Interested individuals can apply online by visiting the official PMAY portal. Upon entering the required details, they can submit the application to complete the process.
