PM Awas Yojana Guidelines
PMAY or Pradhan Mantri Awas Yojana has been established by the Government of India to offer affordable houses to various sections of the society. This scheme offers interest subsidy on the home loans taken by individuals belonging to EWS (Economically Weaker Section), LIG (Low Income Group), and MIG 1 & 2 (Middle Income Group 1 & 2). The PMAY scheme was launched in the year 2015.
The maximum interest subsidy that can be availed under this scheme stands at 6.5% for a loan tenure of 20 years. The housing finance company may provide a home loan for a longer tenure but the interest subsidy can be availed only for 20 years.
PM Awas Yojana Scheme for Different Categories
Criteria | (CLSS - EWS +LIG) | CLSS (MIG-I) | CLSS (MIG-II) |
Applicability | Loans approved on/after 17/06/2015 | Loans approved on/after 01/01/2017 | Loans approved on/after 01/01/2017 |
Validity | 31/03/2022 | 31/3/2021 | 31/3/2021 |
Property should be Family's | 1st home | 1st home | 1st home |
Max term of loan (on which subsidy will be calculated) | 20 years | 20 years | 20 years |
NPV Discount Rate | 9.00% | 9.00% | 9.00% |
Subsidy Amount | Rs.2,67,280 | Rs.2,35,068 | Rs.2,30,156 |
Subsidy% | 6.50% | 4.00% | 3.00% |
Max Loan Amount for Subsidy | Up to Rs.6 lakh | Up to Rs.9 lakh | Up to Rs.12 lakh |
Woman Ownership | Required for new acquisition (No need for existing property) | No | No |
Location | All statutory towns as per Census 2011 and towns notified subsequently | All statutory towns as per Census 2011 and towns notified subsequently | All statutory towns as per Census 2011 and towns notified subsequently |
Property Area (Carpet Area) | 30/60 sq.m. | 150 sq.m. | 200 sq.m. |
Household/ Annual Income (Rs.) | Up to Rs.6 lakh | Rs.6.01 lakh to Rs.12 lakh | Rs.12.01 lakh to Rs.18 lakh |
List of PMAY Guidelines
Guidelines | Download files (pdfs) |
ARHC Operational Guideline | |
Amendments in guidelines of Pradhan Mantri Awas Yajana (Urban) Mission- regarding. | |
Advisory for all States/UT's on Geo-Tagging of 'Beneficiary led Individual House Construction' component of the Mission. | |
Amendments in guidelines of Pradhan Mantri Awas Yajana (Urban) Mission- regarding. | |
Increase in the carpet area of houses eligible for interest subsidy under the Credit link Subsidy Scheme (CLSS) for the Middle Income Group (MIG) under Pradhan Mantri Awas Yojana (Urban) June-2018 | |
Revised Operational Guidelines for construction of Demonstration Housing Projects (DHPs) in the States/UTs. | |
Amendments in guidelines of Pradhan Mantri Awas Yojana(Urban)Mission and their effective date of implementation. | |
Amendments In Pradhan Mantri Awas Yojana (urban) - Housing For All Mission Guidelines Jan 2018 (Hindi Version) | |
Amendments In Pradhan Mantri Awas Yojana (urban) - Housing For All Mission Guidelines Jan 2018 | |
Amendments In Pradhan Mantri Awas Yojana (urban) - Housing For All Mission Guidelines June 2017 | |
Reference Guide For Third Party Quality Monitoring | |
PMAY(U) Passbook for BLC beneficiaries (Hindi) | |
PMAY(U) Passbook for BLC beneficiaries (English) | |
Operational guidelines for construction of Demonstration Housing Projects (DHPs) in the States/UTs using Green and Emerging Technologies under the Capacity Building initiative of PMAY(U) | |
Reference Guide for Third Party Quality Monitoring under PMAY (U)- HFA Mission | |
Social Audit Guidelines- 2017 | |
Capacity Building Activities (Norms, Fund Disbursal Processes and Plan Templates) | |
Draft reference Guide for Third Party Quality Monitoring under PMAY (U) - HFA Mission | |
Operational Guidelines- Credit Linked Subsidy Scheme for EWS/LIG | |
Amendments in guidelines of Credit Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (Urban) Mission | |
Operational guidelines for the new Scheme of Credit Linked Subsidy Scheme for Middle Income Group (MIG) {CLSS for MIG}-January 2017 | |
Geotagging Operational Guidelines | |
Amendments in the Guidelines of Pradhan Mantri Awas Yojana (PMAY)-HFA (U) Mission 21st June 2016 | |
PMAY Application Form (Survey Form 4A and 4B) | |
Amendments in the Guidelines of Pradhan Mantri Awas Yojana (PMAY)-HFA (U) Mission 25th May 2016 | |
Revised Pradhan Mantri Awas Yojana Guidelines (Hindi) | |
Revised Pradhan Mantri Awas Yojana Guidelines (English) | |
Amendment in Pradhan Mantri Awas Yojana (PMAY) - Housing for All (Urban) Mission Guidelines Issued on 09 November, 2015 | |
Amendments in Pradhan Mantri Awas Yojana (PMAY) - Housing for All (Urban) Mission Guidelines Issued on 10 September, 2015 |
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