Prime Minister’s Home Loan 2026: Application for Prime Minister’s Home Loan (PMAY) Complete information

If we talk about PM Home Loan, then with the help of this scheme, the government is giving loans to economically weaker people to build houses. And along with this loan, the government is also giving subsidy to help the people. Under this scheme, people living in urban or rural areas will be given a subsidy of Rs 1,20,00 to Rs 2,50,000.

For your information, let us tell you that PM Home Loan will be given for a period of 20 years, whose interest rate will also be very low. The scheme is divided into two parts – urban and rural.

Objectives of Pradhan Mantri Awas Yojana (PMAY)

The main objective of Pradhan Mantri Awas Yojana (PMAY) is to provide pucca houses to all the needy Indian people. However, there are many other objectives behind this scheme, such as:

The most important objective of this scheme is to provide a pucca house to every needy citizen of India.
The scheme is applicable in both urban and rural areas.
Everyone should get a house at a reasonable price.
To provide pucca houses to the people by removing slums in many places.
To provide housing facilities to the people belonging to Scheduled Castes, Scheduled Tribes and other weaker sections under the PMAY scheme.
It also aims to reduce clutter in urban areas and help make cities better.
Features of Pradhan Mantri Awas Yojana

The salient features of Pradhan Mantri Awas Yojana (PM Awas Yojana) are as follows:

The government is providing an interest subsidy of up to 6.5 per cent on PM Home Loan under this scheme.
This interest subsidy is applicable on the loan taken by the applicant for a period of 20 years or less.
Under this scheme, central assistance of up to Rs 1.5 lakh is provided to people taking home loans.
The Government of India provides a subsidy of Rs 1 lakh on home loans for slum rehabilitation.
The scheme encourages women to become house owners or co-applicants.
The design of the building is approved by the government officer before the construction of the house.
The ground floor is mandatory for senior citizens and the disabled in the house to be built under this scheme.
There is no limit on the loan amount or property value under the scheme.
It is necessary to use sustainable and environmentally friendly materials during the construction of the house.
The quality of the house or flat will be as per the National Building Code (NBC) and National Disaster Management Authority (NDMA) guidelines.
Beneficiaries of the Prime Minister’s Home Loan Scheme

If you come in the list of these beneficiaries, then you can become a beneficiary under the PMAY scheme. This list is as follows:

Under the PMAY scheme, a beneficiary family will include husband, wife, unmarried son and daughter.
Economically weaker section (EWS) people whose annual income is up to Rs 3 lakh.
People belonging to the low income group (LIG) whose annual income is between Rs 3 lakh and Rs 6 lakh.
Middle Income Group I (MIG I) people whose annual income is between Rs 6 lakh and Rs 12 lakh.
Middle Income Group II (MIG II) people whose annual income is between 12 to 18 lakh rupees.
Women belonging to EWS and LIG income groups will also get the benefit of this scheme.
Apart from this, people belonging to Scheduled Castes (SC), Scheduled Tribes (ST) and Other Backward Classes (OBC) can also become a beneficiary.
If an adult member of your family is employed, and there are no pucca houses in their name, it will be considered as part of any other household.
Eligibility for Pradhan Mantri Awas Yojana

If you want to apply in Pradhan Mantri Awas Yojana and get PM Home Loan, then for this you have to meet the following eligibility conditions.

To take advantage of this scheme, no member of the beneficiary’s family should have a pucca house in India.
The beneficiary families should not be availing the benefit of PMAY subsidy from any other Primary Loan Institution (PLI).
The applicant family should not be taking advantage of any other housing scheme of the central government or the state government.
A married couple will qualify for a single subsidy, either individually or in joint ownership.
If a family has availed the PMAY subsidy earlier, they cannot claim for the subsidy again under the home loan balance transfer during the loan period.
If a family falls in the MIG income group, then it is necessary for that family to present their Aadhaar number to take advantage of this scheme.
Note that the people of EWS category will get full support under this scheme, but the people of LIG and MIG category will only get the benefit of Credit Linked Subsidy Scheme (CLSS) under PMAY 2019.
Your house should not be just a house, but it should have all the necessary things to live in and it should be in a place recognized by the government. Only then you can take advantage of this subsidy.
The Benefits of the PM Home Loan Scheme

The major benefits under PM Awas Yojana (PMAY) are as follows:

Under this scheme, the beneficiary family is given an interest subsidy on taking a PM home loan, which makes installments and buying a house easier.
Under PMAY, the beneficiary can get a home loan from any bank at a low interest (6.50% per annum).
With this, the beneficiary can take a home loan for a long period of up to 20 years, which also reduces the monthly installment.
You can apply both online and offline, and get a PM Home Loan easily.
The houses built under this scheme are environment friendly.
Under this scheme, priority is given to disabled and senior citizens.
This scheme is applicable in both urban and rural areas, so urban people can also take advantage of this scheme.
Under this scheme, if you build a toilet at your home, then you will get an additional support amount of Rs 12,000.
The most important benefit of this scheme is that all the needy people will be given pucca houses under this scheme.
Prime Minister’s Housing Scheme (PMAY)

Documents required while applying for Pradhan Mantri Awas Yojana (PMAY) are as follows:

Aadhaar Card – It has been launched for the areas of proving your identity. Therefore, the project has been divided into two parts.

Prime Minister’s Rural Housing Scheme (PMAY-G)

The Pradhan Mantri Gramin Awas Yojana (PMAY) aims to provide pucca houses to poor families living in rural areas. Under this scheme, the government wants to provide all basic facilities, such as electricity connection, clean water, toilet facilities, as well as financial assistance and pucca houses to families living in kutcha houses in rural areas of India.

By the way, let me tell you that this scheme was earlier known as Indira Awas Yojana, which was renamed as Pradhan Mantri Awas Yojana – Gramin Yojana in 2016. Candidates can apply at the official website pmayg.nic.in.

Prime Minister’s Urban Housing Scheme (PMAY-U)

The Urban Housing Scheme (PMAY-U) aims to provide pucca houses to the poor and low income group people living in urban areas. Under this scheme, about 4,331 cities and towns have been selected in the country which can apply for this scheme. Note that this plan is presented in 3 stages:

Phase 1 (April 2015 – March 2017)

In this phase, the government first selected 100 cities from certain states and union territories. In these selected cities, the work of giving houses to the poor people started first.

Phase 2 (April 2017 – March 2019)

After the completion of the first phase, the government included 200 more cities in the second phase. Now the work of giving houses to poor people has started in these 200 new cities.

Phase 3 (April 2019 – March 2022)

In the last phase of this scheme, the government included all the remaining cities in this scheme. And then the work of giving houses to poor people in all the cities of the whole country started, which was completed in March 2022.

If any state or UT needs more houses, the Ministry of Housing and Urban Poverty Alleviation is ready to meet their demand. That is, if a lot of people in a place have still not got houses, the government can provide additional resources to build more houses there.

The target that was set to provide houses for all in cities under the Pradhan Mantri Awas Yojana (PMAY) or PM Home Loan, is almost going to be fulfilled. The target was to provide houses to all by 2022 and more than 88 lakh houses have been approved so far. Recently, 865 proposals from 10 states have been approved under which 2.99 lakh more houses will be constructed. Thus, 88.16 lakh houses have been sanctioned so far under PMAY, while the total demand is 1.12 crore houses.

Factors of Pradhan Mantri Awas Yojana (PMAY)

There are 4 major factors of Pradhan Mantri Awas Yojana, with the help of which the government has taken this scheme forward.

1. Credit Linked Subsidy Scheme for Affordable Housing

The CLSS PMAY factor provides a subsidy on the interest rates for home loans to the candidates of this scheme. If you want to get information about PMAY’s subsidy rate, subsidy amount, maximum loan amount and other LIG, EWS and MIG, then see the table below:

In-situ rehabilitation of slum dwellers:

Under the government scheme, poor people are being given good houses by removing them from slums. The government is constructing new houses in slum areas with the help of private companies. The government is also giving one lakh rupees to those who live in slums so that they can build or buy their own house. In this way, the government wants to remove the slums and build good settlements there.

Public-Private Partnership for Affordable Housing:

Under the Pradhan Mantri Awas Yojana (PMAY), the government gives 1 lakh 50 thousand rupees to poor (EWS) families to build their houses. State governments and Union Territories can work together with private companies to further improve this scheme. That is, the government and private companies will together build houses for the poor people.

4. Subsidy for construction of houses for EWS beneficiaries:

Under the Pradhan Mantri Awas Yojana, money is given to the people of EWS family to build their house or repair the old house. In this scheme, a special kind of help is given to the poor people who do not get benefits under the other three factors. They are given Rs 1 lakh 50 thousand from the government. You can use this money to build or renovate your house.

Pradhan Mantri Awas Yojana (PMAY-U) – How to Apply for City

You can apply for PM Home Loan or Pradhan Mantri Awas Yojana (PMAY) either online or offline. Let me tell you how to apply online.

If you are a new applicant then you can apply in the PMAY scheme in the following ways.

First of all, you have to go to the official website of PMAY.
On this website, you have to select the option “Benefit under other 3 components” in the menu of “Citizen Assessment.”
After this, you have to enter the 12 digits of your Aadhaar card and also enter your name.
Now you have to verify your Aadhaar number, which will take you to the application page of PMAY.
Here you have to give the necessary information like your personal details, income income and bank statement.
After this, you have to tick the “I am aware of…” checkbox.
And then you have to enter the captcha and click on the “Save” button.
After clicking on the “Save” button, you will get a system generated application number, keep it safe for future.
Download the form in PDF format and take its print out.
After this, you have to submit your form to your nearest Common Service Center (CSC) or Financial Institution / Bank with supporting documents.
The process of applying for existing home loan applicants

If you have taken a loan for your house and have not taken the benefit of subsidy under Pradhan Mantri Awas Yojana (PMAY), then you can apply again. For this, you have to go to your bank and apply. The bank will check your application and then send it to a government bank, NHB.

NHB will check all your details and if you are eligible, the subsidy money will be credited to the home loan account. This money will be deducted from your home loan, that is, you will have to pay less money.

Note: Applications for the PMAY-U scheme for urban people have been closed. However, according to the new update, the Union Ministry has extended the implementation period of PMAY-U till December 31, 2024, with all sectors except Credit Linked Subsidy Scheme (CLSS).

Pradhan Mantri Awas Yojana (PMAY-G) How to Apply for Rural

Pradhan Mantri Awas Yojana – Gramin (PMAY-G) is a scheme under which the government gives money to poor people to build pucca houses. People who do not have their own house or whose house is very old or broken can take advantage of this scheme. The house must be at least 25 square meters. To take advantage of this scheme, every person must have an Aadhaar card.

If you are a rural resident and want to take advantage of this scheme, then for this you have to contact the employment secretary of your gram panchayat. Only the village secretary of your village will get the online application form for you. You do not need to provide any documents at the beginning. But after the name comes, you have to submit all your documents.

Eligibility for PMAY-G:

The following categories of people will get the benefit of Pradhan Mantri Gramin Awas Yojana.

A homeless family can benefit.
If the family houses have zero, one or two rooms, and the walls and roof are raw.
A family in which there is no literate adult above 25 years of age.
A family in which there is no adult male member between 16 and 59 years of age.
A family in which there is no adult member between the ages of 16 and 59.
Families with no able-bodied members and disabled members will get the benefit.
A landless family that earns from casual labour.
The candidates belonging to Scheduled Castes, Scheduled Tribes, Other Backward Classes and Minorities are eligible.
Procedure for viewing the Village List of Pradhan Mantri Gramin Awas Yojana.
Go to the official website https://pmayg.nic.in.
Here you have to click on the option of Awassoft in the menu bar.
Then click on the Report option in the drop-down.
Now you have to click on the option of Beneficiary details for verification available in the Social Audit Reports (H) section.
A new page will open in front of you, in which you have to select your state name, district name, blog name, village name and plan.
Then enter the captcha code and click on submit.
Now the beneficiary list of the village will open in front of you, in which you can see the name of your family.

How to check PM Awas Yojana Gramin Beneficiary Details
First of all, go to the rural portal of PM Awas Yojana.
Here you have to go to the Stockholders option in the menu.
Here you have to select the option of IAY / PMAYG Beneficiary.
Now you have to enter your registration number.
This way you can see the details of the beneficiary of this scheme.

Note: The government has started Pradhan Mantri Awas Yojana (PMAY) for the rural poor. You can apply for this scheme by meeting your village secretary.

How to download PMAY application form

To apply in the scheme of PMAY or to make some corrections in it, you will need the application form. You can download this form in the following way.

First of all, go to the official website of PMAY at pmaymis.gov.in.
On this website, you have to click on the option of “Print Assessment” from the “Citizen Assessment” menu.
After this, you have to continue by giving your name, father’s name and mobile number.
You can also proceed by providing the Assignment ID. Note that this ID is taken only for citizen data.
Now you can download the PDF of the assessment form and take a print out of it.
How to edit the information of PMAY application form

If there is any objection on your application, you can edit your application form by the following process.

First of all you have to go to the official website of PMAY.
Here you have to go to the option of “Print Assessment” from the “Citizen Assessment” menu.
After this, you have to enter the reference number of your PMAY application and your Aadhaar information.
Once logged in, you will get the option of Edit, click on it.
Now edit your information and then finally click on the Save button.

In this way, you can edit the information of your PMAY application form.

Note: You can not update the information of the PMAY application yourself. For this, you have to go to the nearest Common Service Center (CSC) or Financial Institution in your city.

How to check the status of Pradhan Mantri Awas Yojana (PMAY)

There are several ways you can use to know the status of the application form of Pradhan Mantri Awas Yojana (PMAY). You can check the status of your application form online, but for this you will need the application number, Aadhaar number, mobile number and other personal information.

Let me tell you how you can track the status of your PMAY subsidy:

First of all, you have to visit the official website of PMAY https://pmaymis.gov.in.
On this website, click on the option of Beneficiary Wise Funds Released in Search Beneficiary.
Here you have to enter your mobile number.
And then you have to enter the application number, Aadhaar number and other required information.
Then click on the submit button.
Now you will know about the current status of the application on the skin.

Note: Some banks and housing finance companies have their own CLSS tracker. Therefore You can also check PMAY status with the help of CLSS tracker.

Apart from this, you can also check the status of your application with the help of toll-free number and CSC or bank. And from the states you can find out when you are going to get the subsidy.

How much subsidy will you get in PM Awas Yojana?

Under the Pradhan Mantri Awas Yojana (PMAY), the government is providing financial assistance i. e. subsidy to build houses to the poor and middle income group people. Subsidy means that the government helps you pay interest on your home loan. That is, you will have to pay less interest and you will be able to buy your house easily.

Under this scheme, people living in urban and rural areas will be given a subsidy of Rs 1,20,000 to Rs 2,50,000. However, the amount of subsidy has also been kept different according to different regions.

Let me tell you about the interest subsidy through a table.

Pradhan Mantri Awas Yojana (PMAY) subsidy calculator

Pradhan Mantri Awas Yojana (PMAY) makes it easier for the poor and needy to buy a house. This scheme gives loans at a low interest rate, which is much lower than the rates available in the market. With this, you can buy your house in easy installments (EMI).

To know your monthly installment (EMI), you can visit the website of Pradhan Mantri Awas Yojana http://pmaymis.gov.in/EMI_Calculator.aspx. All you need to do is fill in the following information:

Total Loan Amount (in Rs) Interest Rate Total period of repayment of loan (in months)

After filling in the information, press the “Calculate” button. This will let you know the monthly installment amount (EMI) in rupees.

How to get PMAY interest subsidy

You have to first go to a bank or other lending institution, and there you have to get a loan under the PM Home Loan Scheme.

You have to tell the bank employee that you want to get the subsidy of PM Awas Yojana.
After this, the bank will check your complete information and see whether you are eligible for subsidy or not.
If you are eligible, your bank will send your application to a government institution.
The government will examine all your information.
If all your information is found to be correct, the government will send money to your bank.
The bank will reduce the amount of subsidy received from your loan, due to which you will have to pay less money.

This is how you can get subsidy under PM Awas Yojana.

Top 10 banks that are offering home loans under the PMAY scheme

Many banks are providing home loans to fulfill the dream of a house under the Pradhan Mantri Awas Yojana (PMAY). There may be a difference in the facilities and interest rates offered by these banks, so apply only after taking information in some bank.

Here I have given a list of some major banks from where you can apply for PM Home Loan.

PMAY customer care helpline numbers

If you need any kind of help related to the PMAY scheme, you can call on their helpline number. You will find these numbers in the footer on the rural and urban portal of the Pradhan Mantri Awas Yojana. You will find all the ways related to customer care on their official portal.

PMAY customer care helpline numbers

If you need any kind of help related to the PMAY scheme, you can call on their helpline number. You will find these numbers in the footer on the rural and urban portal of the Pradhan Mantri Awas Yojana. You will find all the ways related to customer care on their official portal. FAQs – Pradhan Mantri Home Loan

Q. How long will the PMAY project last?

Answer: Under the PM Awas Yojana, the government had set a target of providing houses to all by 2024. But it takes a lot of time to accomplish this task. Therefore, the work on this scheme will continue beyond 2024. That is, until every eligible person gets a house, this scheme will continue.

Q. Can a woman apply for a home loan?

Answer: Yes, women can take PM Home Loan who earn less and bear the expenses of their family. But if any person from your family has applied for this scheme, then your application will not be accepted. This clearly means that only one person from the same family can take advantage of this scheme.

Q. How much time it takes to get the subsidy amount from PMAY?

Answer: Generally, it may take 3 to 4 months to receive the subsidy amount in this scheme, depending on the verification of documents by the government.

What should be the maximum annual income for applying in the PMAY scheme?

Answer: The annual income of the applicant should not exceed Rs 18 lakh. However, there is no upper limit for this.

Q5. Do I have to pay for registration?

Answer: Yes, but you have to pay only Rs 25 application fee and service tax at the Common Service Center. However, if you apply online, you will not have to pay any fee.

The Conclusion – The PM’s Home Loan

Pradhan Mantri Awas Yojana is a very good scheme for the poor and needy people of the country with the help of which such people will be able to get a pucca house. This scheme is also taking forward the development of our country to a great extent. With the help of this scheme, all the beneficiaries of rural and urban areas can take advantage. To take advantage of the PMAY scheme, you have to fulfill all the necessary conditions.

In this article, we have told about PM Home Loan. However, the information given by us may change, so be sure to confirm the information by visiting the official website.