Pradhan Mantri Awas Yojana

PM Awas Yojana 2021 - 2022

Income Groups Economically Weaker Section (EWS) Low Income Group (LIG) Medium Income Group (MIG)
Maximum Home Loan Amount ₹ 6 Lakh to ₹ 6 Lakh
Interest Subsidy 3% to 6.50%
Eligible Interest Subsidy Amount ₹ 2.30 Lakh to ₹ 2.67 Lakh
Eligible Carpet Area 30 sq. m. to 200 sq. m.
Maximum Annual Income Upto ₹ 18 Lakh
  • Interest subsidy and carpet area eligibility depends on the income group of the borrower.

  • Income group for a borrower changes based on his/her income.

  • Pradhanmantri Awas Yojna

    Pradhan Mantri Awas Yojana was launched on 1 June 2015 to provide affordable housing to the urban poor. It is a Credit Linked Subsidy Scheme (CLSS), which means beneficiaries under PMAY scheme are eligible for interest subsidy if they avail a loan to buy or construct a house. The mission of this scheme is to provide housing to all by the end of 2022.

    Awas Yojana Benefits

    Those who are eligible under this scheme will get subsidy on home loan interest rates. The details such as subsidy rate, maximum loan amount and other details have been given in the table below:

Maximum Annual Income of the Applicant Up to ₹ 3 Lakh ₹ 3 - 6 Lakh ₹ 6 - 12 Lakh ₹ 12 - 18 Lakh
Interest Subsidy 6.50% 6.50% 4.00% 3.00%
Maximum Home Loan Amount ₹ 6 Lakh ₹ 6 Lakh ₹ 9 Lakh ₹ 12 Lakh
Maximum Interest Subsidy amount ₹ 2.67 Lakhs ₹ 2.67 Lakhs ₹ 2.35 Lakhs ₹ 2.30 Lakhs
PMAY Carpet area (Max) 30 sq. m. 60 sq. m. 160 sq. m. 200 sq. m.

Please note that tenure of home loan is up to 20 years and the net present value is evaluated at a discounted rate of 9% of the interest subsidy.

PMAY Features

The main features and benefits of PMAY scheme are mentioned as follows:

  • Interest rate is provided at a subsidized rate of 6.50% p.a. if beneficiaries opt for housing loan for a tenure of up to 20 years.
  • The interest subsidy will be provided for Middle Income Group (MIG) on housing loans for the acquisition/construction of houses (including repurchase).
  • For Economically Weaker Section (EWS)/Lower Income Group(LIG), the interest rate subsidy will be provided on home loans for construction or acquisition of the house. Interest subsidy will also be provided on home loans taken for adding rooms, kitchens, etc. to existing dwellings.
  • Under this pradhanmantri aavas yojna, all the urban areas have been covered in India that includes 4041 statutory towns with the priority given to 500 Class I cities.
  • Eco-friendly and sustainable technologies will be used for construction.
  • For senior citizens and differently-abled, allocation of the ground floor will be preferred.

Pradhan Mantri Awas Yojana Urban

The details of Pradhanmantri Aavas Yojna urban scheme including features, benefits, and eligibility criteria are given below:

Features & Benefits of PMAY Urban scheme

The main features and benefits of PMAY Urban Scheme are:

  • Around 4,041 towns and cities come under this scheme.
  • PMAY Urban scheme is also applicable to special area development authority, urban development authority, development, and notified planning.
  • The scheme will progress in three phases: In Phase I, 100 cities will be covered in selected states and UTs from April 2015 to March 2017. In II Phase, 200 additional cities will be covered from April 2017 to March 2019. In Phase III, the remaining cities will be covered from April 2019 to March 2022.
  • The total amount deemed to be invested is ₹ 4,95,838 crore out of which ₹ 51,414.5 crores of funds have already been released.

Eligibility Criteria 2021-2022

The eligibility criteria of PMAY Urban are mentioned below:

  • Any household with an annual income up to ₹ 18 Lakh can apply for this scheme. The annual income of a spouse could also be included while applying.
  • The applicant or any other family member must not own a pucca house in any part of the country.
  • The beneficiary cannot avail PMAY benefits on an already built house. 
  • For senior citizens and differently-abled, ground floor housing is given preference.
  • If the applicant is married, both together in joint ownership or either of the spouse can get a single home loan subsidy.

Beneficiary List for PMAY Urban

  • The Pradhan Mantri Awas Yojana Urban caters to the housing requirements of urban poor. This scheme also caters to people living in slums with inadequate infrastructure and poor sanitation facilities.
  • A beneficiary family will comprise husband, wife, unmarried sons, and/or unmarried daughters.
  • Beneficiaries of PMAY Urban mainly include EWS, LIGs, and MIGs. The annual income of EWS is capped at Rs 3 lakh. For LIG and MIG Group, it can range between Rs.3-6 lakh and ₹6-18 lakh, respectively.
  • Beneficiaries from LIG and MIG Groups are only eligible for CLSS under PMAY.
  • All the applicants are required to submit an affidavit as income proof to the authority.

Documents Required for PM Urban Awas Yojana

  • Form: Application form duly signed.
  • Property documents: NOC from builder/society, sale agreement or deed of sale, Letter of allotment, etc.
  • ID proof: PAN Card, Voter ID, Driving License, Aadhaar Card, etc.
  • Address Proof: Voter Card, Passport, Aadhaar Card, latest utility bill or rent agreement
  • Income proof: In case of a salaried employee – 6 months’ salary slip, latest form 16 or bank statements of last 6 months. In case of self-employed – IT Returns along with computation for last 2 financial years, Balance Sheet and Profit & Loss Account.


✅How to Apply for the PM Awas Yojana Online?

You can apply for PMAY online by visiting the official website of PMAY. The process begins with AADHAR Verification by entering the 12-digit Aadhar number under the ‘Citizen Assessment’ option. After verification, fill in all personal details in the application form and click the ‘save’ button. On successful application, you will be allotted a system generated application number, that can be used for future reference.

✅How to claim PMAY subsidy?

You can claim PMAY subsidy by buying a home that is suitable to your income, and that meets the carpet area requirements set under the scheme. Further, to claim subsidy, you need to apply as an unmarried person or as a family representative that holds an annual family income of less than ₹ 3 Lakh, and none owns a pucca house assigned under his or her name.

✅Is PMAY applicable for resale flats also?

PMAY is applicable for resale flats also, however, the loan availed by the applicant should be dated after May 2016. Further, the applicant must not hold any previous home under his or her name and must be a new home loan applicant.

✅Is PMAY scheme applicable for Home loan balance transfer also?

home loan balance transfer allows home loan borrowers to shift to a lower interest rate on the outstanding balance amount by switching lenders. However, in the case of PMAY, this provision is applicable only for home loan borrowers who availed a loan after June 17, 2015.

✅How to check your name in PMAY 2021 Beneficiary List?

You can check your name in PMAY 2021 Beneficiary List by following these steps:
Step 1 : Visit the official website –
Step 2 : Click on ‘Search Beneficiary’
Step 3 : Enter Aadhaar number
Step 4 : Click ‘Show’

✅Is Pradhan Mantri Yojana available to existing home loan borrowers?

Existing home loan borrowers are eligible for this scheme, provided they fulfill all the relevant eligibility criteria.

✅What is the last date of Pradhan Mantri Awas Yojana application?

The last date to submit your application for Pradhan Mantri Aavas Yojana is 1 March 2022.

✅How to edit your details after submitting application for PMAY?

Visit the official website of Pradhan Mantri Awas Yojana and enter your application reference number along with Aadhaar details. Click on ‘Edit’ option. Do the changes and submit them again.

✅How can I check my PMAY List 2021?

Visit the official website – Click on ‘Search Beneficiary’ and then enter your Aadhaar number. Click ‘Show’.

✅How can I check my PMAY Gramin list?

If you are applying for the PMAY Gramin scheme, you will receive a registration number. Then, visit the PMAY-Gramin official website. Enter the registration number. If your registration number is resent on the list, you can find other details.

✅What are the three phases of Pradhan Mantri Awas Yojana?

Phase 1 : 100 cities will be covered in selected states and UTs from April 2015 to March 2017.
Phase 2 : 200 additional cities will be covered from April 2017 to March 2019.
Phase 3 : Remaining cities will be covered from April 2019 to March 2022.

✅What are the Functions & Technology Sub-Mission of PMAY Scheme?

The Functions and Technology Sub-Mission of PMAY Scheme covers the following:

  • Planning to Develop Environment-Friendly Houses
  • Better Habitat Designing & Planning of the Buildings
  • Best Construction Practices
  • Arranging the Most Innovative Technologies
  • Picking the Most Suitable Materials

✅How does PM Awas Yojana work through the borrower’s bank?

After you submit the application, the bank will claim the subsidy benefits from the National Housing Bank, provided you are eligible for PM Awas Yojana Scheme. The NHB will then investigate whether anyone is making multiple applications under the scheme. Once confirmed, the subsidy amount will be given to the applicant’s bank. And then, the money will be transferred to the loan account.

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