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How to Apply for Affordable Housing Under PMAY Scheme 2023

How to Apply for Affordable Housing Under PMAY Scheme 2023

Affordable housing is a dream for many, and the Pradhan Mantri Awas Yojana (PMAY) provides a pathway to make this dream a reality. If you’re wondering how to apply for the affordable housing scheme offered by PMAY, this guide will walk you through the process.

Eligibility and Subsidy under CLSS of PMAY: How to Apply for Affordable Housing Under PMAY Scheme 2023

PMAY’s Credit-Linked Subsidy Scheme (CLSS) offers various categories for individuals to avail themselves of its benefits. There are four main categories based on annual household income:

  1. Economically Weaker Section (EWS): Household income up to Rs 3 lakh.
  2. Low-Income Group (LIG): Household income up to Rs 6 lakh.
  3. Middle-Income Group (MIG-I): Household income up to Rs 12 lakh.
  4. Middle-Income Group (MIG-II): Household income up to Rs 18 lakh.

EWS and LIG applicants seeking housing loans from banks or housing finance companies qualify for an interest subsidy at a rate of 6.5%, or during the loan tenure, whichever is lower. The interest subsidy is credited to the loan account, effectively reducing housing loan EMIs.

Benefits under CLSS: How to Apply for Affordable Housing Under PMAY Scheme 2023

  1. Upfront subsidy of 6.5% for EWS and LIG: Available for loans up to Rs 6 lakh.
  2. Interest subsidy of 4% for MIG-I: Applicable to home loans up to Rs 9 lakh.
  3. Interest subsidy of 3% for MIG-II: Available for home loans up to Rs 12 lakh.
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Choosing the Right Component: How to Apply for Affordable Housing Under PMAY Scheme 2023

A. For citizens from slum areas: Choose ISSR (In-situ slum rehabilitation component).

B. For citizens from non-slum areas:

  1. Own land and interested in construction: Opt for Beneficiary-led Construction BLC (new construction) for kutcha or semi-pucca structures, or BLC (enhancement) for pucca structures with a minimum 9 sq m enhancement, capped at 30 sq m.
  2. Afford to construct or purchase with a housing loan: Select Credit-linked Subsidy Scheme. This provides a subsidy on the home loan.
  3. Don’t have land or can’t afford a home loan: Choose affordable housing in partnership with the Affordable Housing Fund (AHP) component.

Eligibility Criteria: How to Apply for Affordable Housing Under PMAY Scheme 2023

  • The family, including husband, wife, and unmarried children.
  • An adult earning member can be treated as a separate household if they don’t own a pucca house.
  • A married couple, either spouse or together, qualifies for just one house.
  • The beneficiary family should not have previously availed central government assistance under any housing scheme.

How to Apply for Affordable Housing: How to Apply for Affordable Housing Under PMAY Scheme 2023

To apply for affordable housing under PMAY, follow these steps:

  1. Register at Common Service Centres (CSCs) facilitated by state or UT governments, paying a registration fee of Rs 25 plus GST.
  2. Provide necessary details like name, area, Aadhaar card number, etc.
  3. After registration, you’ll receive an application number to track your status.
  4. Alternatively, visit PMAY’s official website: http://pmaymis.gov.in and apply online. Choose either Slum Dwellers or one of the other three components. Enter your Aadhaar number and required details.
  5. An application number will be generated upon submission, which can be used to track your application.
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Aadhaar is Mandatory

Aadhaar is a mandatory requirement for applying online. If you don’t have an Aadhaar number, you can obtain one at the nearest CSC. Find the CSC locator at http://www.apnacsconline.in/csc-locator. For further assistance, contact your municipality’s PMAY division.

Make your dream of affordable housing a reality by following these steps and applying for PMAY’s housing scheme.

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