The Mumbai Multimedia Studio News articles delves as usual on various Yojna's declare for their citizen by Government of India into every aspect of the centre’s flagship Pradhan Mantri Awas Yojana (PMAY) scheme, through which it plans to supply ‘Housing for All by 2022’ – earlier we at www.multimediastudio.net had posted a blogs on various topics of real estate and property too like …
With barely some months left to finish the ambitious target under the government’s flagship Pradhan Mantri Awas Yojana (PMAY), there are serious apprehensions over how prime minister Narendra Modi would fulfil his promise to supply housing to each Indian by 2022. Housing News tracks the progress of the scheme, once touted to finish housing shortage in India through a novel decentralised approach.
What is Pradhan Mantri Awas Yojana or PMAY?
Even though successive governments at the centre are launching schemes meant to unravel India’s housing problem since the 1990s (for example, the Indira Awas Yojana of 1990 and therefore the Rajiv Awas Yojana of 2009), it absolutely was the prime minister Narendra Modi-led government that made a rather bold move to announce a decentralised programme in 2015, under which the govt promised to supply housing to each citizen in India. we all know this grand scheme because the Pradhan Mantri Awas Yojana or PMAY.
Launched on June 1, 2015, the PM Awas Yojana targets to eliminate India’s housing shortage by that specialize in urban, furthermore as rural areas, thus, having its two components – PMAY Urban and PMAY Rural – which are formally referred to as the Pradhan Mantri Awas Yojana-Shahri and therefore the Pradhan Mantri Awas Yojana-Gramin.
PMAY Gramin alias PMAY Rural
To address the housing shortage in rural areas, where an oversizeda part of India’s population still lives, in spite of the tremendous urbanisation during this agriculture-centric economy, the union government restructured the Indira Awas Yojana (IAY) into the Pradhan Mantri Awas Yojana-Gramin (PMAY-G), with effect from April 1, 2016, after certain gaps were identified during the concurrent evaluations and therefore the performance audit by the Comptroller and Auditor General of India (CAG) in 2014.
The PMAY-G programme aims to exchange the kuccha homes (dwellings made from mud, using straw-like materials for thatching, which aren't appropriate to measure in, in extreme weather conditions) in India’s villages, with pucca homes (dwellings product of enduring materials like brick, cement and iron, etc., which offer protection against all weather and which have an extended life span).
Number of homes built under PMAY Gramin
According to data provided by the Housing Ministry in 2019, it takes 114 days on a median, to construct a house under this scheme. So far, 1.26 crore houses have already been built across India under the PMAY-G scheme. Under the PMAY-G, a beneficiary is given 100% grant of Rs 1.20 lakhs in plain areas and Rs 1.30 lakhs in hilly states, north-eastern states, difficult areas, Jammu and Kashmir and Ladakh, etc., to create a pucca house. The minimum size of the homes to be built under the PMAY-G scheme has been fixed at 25 sq metres.
Beneficiaries of the PMAY-G are provided support of unskilled labour wages under the MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme) and a further assistance of Rs 12,000 for construction of toilets under the Swachh Bharat Mission-Gramin (SBM-G).
PMAY Shahri aka PMAY Urban
Launched on June 25, 2015, the PMAY Urban mission aims to finish housing shortage in India’s urban areas, by ensuring a pucca house to any or all eligible households by 2022, when India completes 75 years of its independence. All in all, the govt. plans to create 20 million homes under the PMAY-U mission.
Number of homes sanctioned under PMAY-U till 2021
Till June 2021, the full number of sanctioned houses under the PMAY-U stood at 112.4 lakhs and also the ground work for 82.5 lakh units had been laid. Of this, 48.31 lakh homes are completed/delivered. the overall investment under the PMAY-U is Rs 7.35 lakh crores, which has central assistance of Rs 1.81 lakh crores, of which funds to the tune of Rs 96,067 crores has been released.
Phases of the Pradhan Mantri Awas Yojana (PMAY)
The scheme will be executed in three phases:
Stage Start date End date Cities covered
Phase-1 January 4, 2015 January 4, 2015 100
Phase-2 January 4, 2017 January 3, 2019 200
Phase-3 January 4, 2019 January 3, 2022 Remaining cities
Source: Central Housing Ministry
Pradhan Mantri Awas Yojana beneficiaries 2021-22
The beneficiaries under the PMAY list are divided into four categories, based on the annual income of the household (from all sources in an house)
Beneficiary Annual income of the household
Economically Weaker Section (EWS) Up to Rs 3 lakhs
Lower Income Group (LIG) Rs 3 lakhs to Rs 6 lakhs
Middle Income Group-1 (MIG-1) Rs 6 lakhs to Rs 12 lakhs
Middle Income Group-2 (MIG-2) Rs 12 lakhs to Rs 18 lakhs
Source: Housing Ministry
Who may be a beneficiary of the PMAY scheme?
• A family of husband, wife and unmarried children are considered a household, in step with the parameters set under the Pradhan Mantri Aawas Yojana. A beneficiary applying for benefits under this scheme mustn't own a pucca house, either in his name or within the name of any member of his family, in any a part of India.
• People with a pucca house of but 21 sq metres could also be included under enhancement of the prevailing house.
• Adult earning members of a family are considered a separate household and thus, a beneficiary of the scheme, no matter their legal status.
• In the case of married couples, either of the spouses or both together in joint ownership, are eligible for one house, provided they meet the income eligibility criteria of the household under the scheme.
• The beneficiaries from the EWS category are eligible for assistance altogether four verticals of the missions, whereas the LIG/MIG category is eligible under only the CLSS component of the mission.
• People belonging to the SC, the ST and also the OBC categories and ladies belonging to the EWS and also the LIG also are eligible to avail of advantages under the Pradhan Mantri Awas Yojana.
Carpet area limit under PMAY for beneficiaries
The carpet area of homes under the PMAY scheme should be between 30 and 60 sq metres for beneficiaries belonging to the EWS and LIG categories. The carpet area of a house under the PMAY scheme should be up to 160 sq metres for MIG-I beneficiaries and up to 200 sq metres for MIG-II beneficiaries.
Under the government’s rules, carpet area is defined as ‘the net usable floor area of an apartment, including the realm covered by internal partition walls of the apartment but excluding the realm covered by the external walls’.
Components/verticals of PMAY
The ambitious target under the Prandhan Mantri Awas Yojana to supply ‘Housing for all by 2022’ is envisaged to be achieved through four verticals of the scheme. These include:
1. In-situ Slum Redevelopment (ISSR): Stands for rehabilitation of slums by building houses through private participation for the eligible slum dwellers on the land under the slums.
2. Credit-Linked Subsidy Scheme (CLSS): Provides for central subsidy on home loans of between Rs 6 lakhs and Rs 12 lakhs at lower rates of interest, for the developmentof latest homes or renovation of existing homes.
3. Affordable Housing in Partnership (AHP): States to make affordable housing projects with central assistance of Rs 1,50,000, either through central agencies or in partnership with the private sector for the EWS category.
4. Beneficiary-led individual house construction/enhancements (BLC): Makes provisions that individuals belonging to the EWS category can either construct a replacement house or enhance the prevailing house on their own with central assistance of Rs 1,50,000.
PMAY Credit-Linked Subsidy Scheme (CLSS)
Under the Credit-Linked Subsidy Scheme (CLSS), borrowers can get a particular amount from their overall home equity credit at subsidised rates, counting onthe client category they fall in.
• Those with income of up to Rs 3 lakhs make up the EWS category of buyers as defined under the PMAY and obtain an interest subsidy of 6.5% on a loan amount of up to Rs 6 lakhs.
• Those with income between Rs 3 lakhs and Rs 6 lakhs constitute the LIG category of buyers as defined by the PMAY and obtain an interest subsidy of 6.5% on a loan amount of up to Rs 6 lakhs.
• Those with income between Rs 6 lakhs and Rs 12 lakhs constitute the MIG-1 category of buyers as defined by the PMAY and find an interest subsidy of 4% on a loan amount of up to Rs 9 lakhs.
• Those with annual income between Rs 12 lakhs and Rs 18 lakhs be the MIG-2 category of buyers as defined by the PMAY and obtain an interest subsidy of three on a loan amount of up to Rs 12 lakhs.
Please be NOTED that....
1. Any additional loans beyond the subsidised loan amount, are at non-subsidised rates.
2. Also note that the loans should are used either for purchase of an under-construction property or from the secondary market or to construct your own residence.
3. Under the PMAY guidelines, the house bought by availing of a loan under this scheme, should be within the name of the lady of the household for the EWS and LIG categories. Ownership by women isn't mandatory just in case a unit is being developed employing a land parcel.
PMAY subsidy calculator
Using the PMAY subsidy calculator at the official portal, https://pmayuclap.gov.in/content/html/Subsidy-Calc.html, you'll be able to know the precise amount of cash you'll receive from the govt because the subsidy under the CLSS. To calculate the number, you'll should key in details like your annual income, loan amount, loan tenure, form of units (whether pucca or kuccha), ownership type (women ownership may be a must in EWS and LIG homes) and area of the unit.
Apart from displaying the subsidy amount, the page will display the subsidy category, i.e., EWS, LIG, MIG-1 or MIG-2.
Subsidy amount covers underneath PMAY for various categories
Depending on the category they come from the borrowers get different subsidies on their housing loans under the PMAY CLSS.
Borrower category PMAY CLSS subsidy amount
EWS Rs 2.20 lakhs
LIG Rs 2.67 lakhs
MIG-1 Rs 2.35 lakhs
MIG-2 Rs 2.30 lakhs
What is the most subsidy you'll be able to get under PMAY?
The maximum subsidy under the PMAY scheme is Rs 2.67 lakhs (Rs 2,67,280 to be exact).
PMAY home equity loan subsidy benefit timeline
For the EWS and LIG categories, the subsidy benefit is obtainable on home loans that are disbursed on or after June 17, 2015. just in case of MIG-1 and MIG-2 categories, the subsidy benefit is obtainable on home loans that are disbursed on or after April 1, 2017.
How the subsidy under PMAY reaches you?
Once your application for subsidy under the PMAY programme is approved, funds are transferred from the central nodal agency (CNA) to the bank (referred to as prime lending institutions or PLI in government documents) from where the beneficiary has borrowed his home equity loan. The bank will then credit this amount to the house loan account of the borrower. This money will then be deducted from your outstanding home equity credit principal. So if you've got received Rs 2 lakhs because the PMAY subsidy and your outstanding loan amount is Rs 30 lakhs, it'd reduce to Rs 28 lakhs after the subsidy.
How to apply for the PM Awas Yojana online in 2021?
First of all, remember that only a candidate with an Aadhaar card can apply for the advantages of the PMAY scheme. to use online, keep your Aadhaar number handy and visit the PMAY portal at https://pmaymis.gov.in.
On the homepage, click on the ‘apply online’ option under the ‘citizen assessment’ tab. Now, select one in all the four verticals thatyou wishto use.
If you're applying for the CLSS subsidy, your application must be submitted to your consumer credit provider.
How to apply offline for PMAY in 2021?
Eligible candidates can obtain and fill forms during this regard available at common service centres (CSCs). they need to pay a nominal fee of Rs 25 plus GST on purchase of the PMAY subsidy form. CSCs are the access point to avail of essential service services in rural parts of India.
Last date to use for PMAY CLSS subsidy
In May 2020, government minister Nirmala Sitharaman said the last date of the Pradhan Mantri Awas Yojana Credit-Linked Subsidy Scheme for the MIG-1 and MIG-2 categories had been extended till March 31, 2021. For the LIG and EWS categories, however, the last date is March 31, 2022.
Time taken to urge the subsidy amount from PMAY
It takes nearly three to four months for an application to be processed.
Can existing home equity credit borrowers get subsidy under PMAY CLSS in 2021?
In case they meet the terms and conditions, home buyers who are currently servicing a equity credit line, can avail of the PMAY CLSS subsidy in 2021. However, one must also recall that the subsidy benefit is obtainable on home loans that are disbursed on or after June 17, 2015, if the borrower is from the EWS or LIG categories. just in case of MIG-1 and MIG-2 categories, the subsidy benefit is obtainable on home loans that are disbursed on or after April 1, 2017.
PMAY home loan: details to recollect
1. All loan accounts under the PMAY scheme are linked to the Aadhaar numbers of the beneficiary.
2. The subsidy is on the market for a maximum tenor of 20 years only.
3. The lender from where you've got taken a loan will charge an rate of interestthat's prevailing at the bank.
4. If you turn your lender to avail of advantages of low interest rates, althoughyou've got already availed of the interest subvention benefit under the CLSS, then, you'll not be eligible for the interest subvention benefit again.
How to download the PMAY application form?
Visit the official website of the PMAY and click on on the ‘Citizen Assessment’ option. From the computer menu, select ‘Track Your Assessment Status’.
Once you click on this selection, you may get the Track Assessment Form. Select either ‘By Name, Father’s Name and Mobile Number’ or ‘By Assessment ID’.
Enter the desired details and click on on ‘Submit’ to access the appliance form. Once the shape appears on the screen, click on ‘Print’.
Key facts about PMAY
Full style of CNAs in PMAY context
The term CNA stands for central nodal agency. just in case of PMAY, National Housing Bank (NHB), HUDCO and SBI are appointed because the central nodal agencies.
Process to urge the assessment ID for PMAY
The assessment ID for the PMAY is generated by the official PMAY portal, after an applicant successfully completes the registration process. This ID is employedto trace the status of the appliance.
Banks eligible to supply PMAY home equity loan
A large number of banks, housing finance companies, regional rural banks, cooperative banks and non-banking finance companies (NFCs) have engaged with the central nodal agencies, HUDCO, SBI and NHB, to supply home loans under various verticals of the PMAY. Formally christened because the primary lending institutions (PLIs) under the official PMAY documentation, these financial institutions, which are as large as 244 in number in step with official figures provided in 2017, also offer individual home buyers with the credit-linked subsidy, among other loans under the programme. Listed below are the highest state-run and personal lenders offering credit subsidy on home loans under the PMAY programme.
Top public banks from where you can get PMAY subsidy
State Bank of India
NHB
Punjab National Bank
NHB
Allahabad Bank
NHB
Bank of Baroda
NHB
Bank of India
NHB
Bank of Maharashtra
NHB
Canara Bank
NHB
Central Bank of India
HUDCO
Corporation Bank
NHB
Dena Bank
NHB
IDBI Bank
NHB
Indian Bank
NHB
Indian Overseas Bank
NHB
Oriental Bank of Commerce
NHB
Punjab & Sind Bank
NHB
Syndicate Bank
NHB
UCO Bank
NHB
Union Bank of India
NHB
United Bank of India
NHB
Vijaya Bank
HUDCO
Top private banks from where you can get PMAY subsidy
Axis Bank
NHB
ICICI Bank
NHB
HDFC Bank
NHB
Kotak Mahindra Bank
NHB
LIC Housing Finance
NHB
Karnataka Bank
NHB
Karur Vysya Bank
NHB
IDFC Bank
NHB
Jammu & Kashmir Bank
HUDCO
Bandhan Bank
NHB
Dhanlaxmi Bank
HUDCO
Deutsche Bank AG
NHB
South Indian Bank
HUDCO
Lakshmi Vilas Bank
NHB
Aadhar Housing Finance
NHB
Aditya Birla Housing Finance
NHB
Bajaj Housing Finance
NHB
PNB Housing Finance
NHB
List of state-level nodal agencies for PMAY-U
Andaman & Nicobar Islands
UT of Andaman & Nicobar Islands
Municipal Council, Port Blair – 744101
jspwdud@gmail.com
Andhra Pradesh
Andhra Pradesh Township Infrastructure Development Corporation Limited
Flat no 502, Vijaya Lakshmi Residency, Gunadhala, Vijayawada – 520004
aptsidco@gmail.com
mdswachhandhra@gmail.com
Andhra Pradesh
Andhra Pradesh State Housing Corporation Limited
AP State Housing Corporation Ltd, Himayatnagar, Hyderabad – 500029
apshcl.ed@gmail.com
Arunachal Pradesh
Government of Arunachal Pradesh
Department of Urban Development and Housing, Mob-II, Itanagar
chiefengineercumdir2009@yahoo.com
cecumdirector@udarunachal.in
Assam
Government of Assam
Block A, Room no 219, Assam Secretariat, Dispur, Guwahati – 781006
directortcpassam@gmail.com
Bihar
Government of Bihar
Urban Development and Housing Department, Vikash Bhavan, Bailey Road, New Sectt, Patna – 15, Bihar
sltcraybihar@gmail.com
Chandigarh
Chandigarh Housing Board
Sec 9D, Chandigarh, 160017
chb_chd@yahoo.com
info@chb.co.in
Chhattisgarh
Government of Chhattisgarh
Mahanadi Bhawan, Mantralaya D Naya Raipur, Chhattisgarh, Room no S-1/4
pmay.cg@gmail.com
Dadra & Nagar Haveli and Daman & Diu
UT of Dadra & Nagar Haveli and Daman & Diu
Secretariat, Silvassa, 396220
devcom-dd@nic.in
Dadra & Nagar Haveli
UT of Dadra & Nagar Haveli
Secretariat, Silvassa, 396220
pp_parmar@yahoo.com
Goa
Goa government
GSUDA 6th Floor, Shramshakti Bhavan, Patto – Panaji
gsuda.gsuda@yahoo.com
Gujarat
Gujarat government
Affordable Housing Mission, New Sachivalya, Blk no 14/7, 7th floor, Gandhinagar – 382010
gujarat.ahm@gmail.com
mis.ahm2014@gmail.com
Haryana
State Urban Development Agency
Bays 11-14, Palika Bhavan, Sector 4, Panchkula – 134112, Haryana
suda.haryana@yahoo.co.in
Himachal Pradesh
Directorate of Urban Development
Palika Bhavan, Talland, Shimla
ud-hp@nic.in
Jammu & Kashmir
J&K Housing Board
Jkhousingboard@yahoo.com
raysltcjkhb@gmail.com
Jharkhand
Urban Development Department
3rd floor, Room No 326, FFP Building, Dhurwa, Ranchi, Jharkhand, 834004
jhsltcray@gmail.com
director.ma.goj@gmail.com
Kerala
State Poverty Eradication Mission
TRIDA Building, JN Medical College, PO Thiruvananthapuram
uhmkerala@gmail.com
Madhya Pradesh
Urban Administration and Development
GoMP Palika Bhawan, Shivaji Nagar, Bhopal, 462016
addlcommuad@mpurban.gov.in
mohit.bundas@mpurban.gov.in
Maharashtra
Maharashtra government
Griha Nirman Bhawan, 4th Floor, Kalanagar, Bandra (East), Mumbai 400051
mhdirhfa@gmail.com
cemhadapmay@gmail.com
Manipur
Government of Manipur
Town Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal – 795001
hfamanipur@gmail.com
tpmanipur@gmail.com
Meghalaya
Government of Meghalaya
Raitong Building , Meghalaya Civil Secretariat, Shillong, 793001
duashillong@yahoo.co.in
Mizoram
Urban Development & Poverty Alleviation
Directorate of Urban Development and Poverty Alleviation, Thakthing Tlang, Aizawl, Mizoram, Pin: 796005
hvlzara@gmail.com
Nagaland
Nagaland government
Municipal Affairs Cell, AG Colony, Kohima – 797001
zanbe07@yahoo.in
Odisha
Housing & Urban Development Department
1st Floor, State Secretariat, Annex – B, Bhubaneswar – 751001
ouhmodisha@gmail.com
Puducherry
Government of Puducherry
Town & Country Planning Department, Jawahar Nagar, Boomianpet, Puducherry – 605005
tcppondy@gmail.com
Punjab
Punjab Urban Development Authority
PUDA Bhavan, Sector 62, SAS Nagar, Mohali, Punjab
office@puda.gov.in
ca@puda.gov.in
Rajasthan
Rajasthan Urban Drinking Water, Sewerage & Infrastructure Corporation Ltd (RUDSICO)
4-SA-24, Jawahar Nagar, Jaipur
hfarajasthan2015@gmail.com
Sikkim
Government of Sikkim
Department of UD & Housing, Government of Sikkim, NH 31A, Gangtok, 737102
gurungdinker@gmail.com
Tamil Nadu
Government of Tamil Nadu
Tamil Nadu Slum Clearance Board, No 5 Kamarajar Salai, Chennai – 600005
raytnscb@gmail.com
Telangana
Government of Telangana
Commissioner and Director of Municipal Administration, 3rd Floor, Ac Guards Public Health, Lakdikapool, Hyderabad
tsmepma@gmail.com
Tripura
Government of Tripura
Directorate Of Urban Development, Government of Tripura, Pt. Nehru Complex, Gorakha Basti, 3rd Floor, Khadya Bhawan, Agartala. Pin: 799006
sipmiutripura@gmail.com
Uttarakhand
Directorate of Urban Development
State Urban Development Authority, 85A, Motharawala Road, Ajabpur kalan, Dehradun
pmayurbanuk@gmail.com
Karnataka
Government of Karnataka
9th Floor, Vishweshwaraiah Towers, Dr Ambedkar Veedhi, Bangalore, 560001
dmaray2012@gmail.com
West Bengal
State Urban Development Authority
ILGUS Bhaban, Block HC Block, Sector 3, Bidhannagar, Kolkata – 700106
wbsuda.hfa@gmail.com
Uttar Pradesh
State Urban Development Agency (SUDA)
Navchetna Kendra, 10, Ashoka Marg, Lucknow 226002
hfaup1@gmail.com
PMAY: Latest news updates
PMAY way behind schedule: ICRA
July 12, 2021: The government would have to scale up efforts and increase monetary support, to meet the ambitious target it has set for itself under the Housing for All by 2022 programme, rating agency ICRA said, on July 12, 2021. Implementation of the government’s PMAY scheme is running behind schedule in spite of the scaled-down targets, it pointed out.
Under the Pradhan Mantri Awas Yojana, the government had initially set a target of constructing 50 million houses by 2022. Of these, 30 million units were meant to be built under PMAY Gramin and 20 million under PMAY Urban. Later, the centre set a scaled down, near-term target of constructing 21.4 million houses under the PMAY-Rural and 11.2 million unnits under PMAY Urban by 2022. However, it sanctioned 19.55 million houses and 14.16 million have been completed under the PMAY-R until April 2021. This implies completion of 67% of the revised target and 72% of the sanctioned houses. Under the PMAY-U, all the 11.2 million units have been sanctioned Completed units stand at 4.8 million houses, translating to only 43% of the near-term target, as well as the sanctioned units.
Apart from the fact that the Coronavirus pandemic is impacting execution of the government’s flagship programme, budgetary support for the PMAY has also reduced, acting as a dampener. The allocation for the PMAY-U in the budget was reduced to Rs 8,000 crores for FY 2022, against a revised estimate of Rs 21,000 crores for FY 2021. The allocation for the PMAY-R for FY2022 on the other hand has remained at Rs 21,000 crores, in line with the revised estimate and the budget estimate for FY 2021.
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