How to Apply for Pradhan Mantri Awas Yojana?

How to Apply for This Scheme? 

For those wondering how to apply for Pradhan Mantri Awas Yojana, you can do so through both offline and online modes.

Offline Mode

The government has made the application process for this scheme available offline to those who might find it difficult to apply online.

The procedure to apply for the scheme offline is as follows:-

Step 1: Visit your nearest Common Service Centre (CSC), which is operated under your State Government to obtain a PMAY application form. You can also visit any bank listed under PMAY to obtain it.

Here are the top banks listed under PMAY that you can approach along with their interest rates.

Note : The applicable processing fee will vary from bank to bank . 

Step 2: You will then have to fill out this application form, furnish all required documents and application fee, and submit them at the center where you collected this form. 

Other details related to the offline application include the following.

Application fee – Offline application fee for PMAY is Rs. 25 (+GST)

What Are The Documents Required?

It is better to keep these documents handy while applying for the scheme online or offline.

• Proof of identity (Aadhaar card, PAN card, voters’ ID)
• Proof of address.
• Proof of income (Form 16, bank account statement, latest IT returns.)
• Valuation certificate for the property to be purchased.
• An affidavit stating that you or your family member does not own any brick-and-mortar house, also known as a pucca house, in India.
• Agreement for the construction of the building with the builder or developer
• The approved plan for construction of the building.
• No Objection Certificate furnished by a relevant authority or housing society
• The document certifies the conditions and quality of the property in concern.
• Letter of property allotment.
• Receipt of advance payment made for the purchase of the property, if applicable.
• Any other property document, if applicable.

Online Mode

Before learning the process of how to apply online, you will first need to understand the applicability of the PMAY scheme.

The benefits offered under the PMAY-U can be availed by individuals belonging to the following categories, determined as per their position on the economic strata –

The online application for PMAY-U is divided into two processes, based on which category economic section you belong to.

Online Application Process for Slum-Dwellers

Slum-dwellers looking to avail the benefits of PMAY can do so by following the method prescribed below –

Step 1 – Log in to the official website of PMAY ( http://pmaymis.gov.in/)

Step 2 – Navigate to the menu bar and click on the option marked “Citizen Assessment.”

Step 3 – A drop-down menu will appear from where you will have to choose the option “slum dwellers.”

Step 4 – On the page that appears, you will have to enter your Aadhaar Number and your name, as put forth in your Aadhaar card. In case you do not have your Aadhar Number, you will have to provide your virtual ID.

Step 5 – After entering these details you will be redirected to the main application page. Here, you will have to enter information like your residential and permanent address, residential income, ownership details of your existing houses, and so on.

Step 6 – After filling all the relevant details, you will need to check on the terms of the agreement, enter the proper captcha code that appears, and click on the “Save” option to get your application details recorded on this website.

Online Application Process for those Belonging to the Other 3 Categories

Individuals belonging to the EWS/LIG, MIG-I and MIG-II categories, eligible to avail the benefits of PMAY can apply online by following the steps prescribed below.

Step 1 – Log in to the official Pradhan Mantri Awas Yojana website.

Step 2 – Navigate to the menu bar and click on the option marked “Citizen Assessment.”

Step 3 – Choose the option of “Benefit Under Other 3 Components” from the drop-down menu that appears.

Step 4 – On the page that appears, furnish details like your Aadhaar card number and your name as put forth under it. If you do not have the Aadhaar card number, you will need to enter your virtual ID.

Step 5 – Next, you will be redirected to the main page, where you will have to enter all relevant personal information like your annual household income, residential and permanent address, etc.

Step 6 – After entering all the relevant information, you will have to check the terms of the agreement at the bottom of the page, enter the captcha code that appears and register the details provided with the website.

As you can see the online application process for Pradhan Mantri Awas Yojana is quite streamlined. However, before applying, make sure you check the eligibility criteria to avail PMAY to make the application process hassle-free. Don’t forget to obtain all the necessary documents before you start the application process. It may take anywhere between 3-4 months to receive the subsidy amount, after complete verification by the government.

Footnote: Please ensure you have your Aadhaar card before applying for the PMAY scheme as it is a mandatory document. 

To Sum Up,

PMAY as a scheme was envisioned to lower the financial burden on people belonging to lower economic background, who wish to buy a home. The subsidy offered can help individuals in partial repayment of home loans and reduce their liabilities significantly. The online process and the long list of banks that are registered under PMAY, offering subsidized home loan rates, have further simplified the process and made it easier for individuals to avail the benefits of the scheme. 

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.