What is The Pradhan Mantri Awas Yojana (PMAY)?

The Pradhan Mantri Awas Yojana (PMAY) is an initiative of the Government of India which aims at providing affordable housing to the urban poor by the year 2023.

The scheme was first launched on 25 June 2015. The interest rate for the PMAY scheme starts at 6.50% p.a. and can be availed for a tenure of up to 20 years. The implementation period of the PMAY-Urban scheme has been extended until 31 December 2024. The decision was made by the Union Cabinet after requests from Union Territories and states. Earlier, the aim was to provide houses by March 2023.

Article NamePradhan Mantri Awas Yojana
Official Websitehttps://pmaymis.gov.in/
Launch Date25th June 2015
Expected CompletionBy 31 December 2024
Toll Free Number1800-11-6163 – HUDCO
1800 11 3377, 1800 11 3388 – NHB
Complaints or Suggestiongrievance-pmay@gov.in
Office AddressPradhan Mantri Awas Yojana Ministry of Housing and Urban Affairs Nirman Bhawan,
New Delhi- 110 011Contact: 011 2306 3285, 011 2306 0484
Email: pmaymis-mhupa@gov.in
PMAY GuidelinesClick to Download Manual
Pradhan Mantri Awas Yojana (PMAY)

Features and Benefits of PMAY Scheme 2023

  • Under the PMAY Scheme, a subsidy interest rate is provided at 6.50% p.a. on housing loan for the term of 20 years to all the beneficiaries.
  • Differently abled and senior citizens will be given preference in allocation of ground floors.
  • Sustainable and eco-friendly technologies would be used for construction.
  • The scheme covers entire urban areas in the country which includes 4041 statutory towns with the first priority given to 500 Class I cities. This will be done in 3 phases.
  • The credit linked subsidy aspect of the PM Awas Yojana gets implemented in India in all statutory towns from the initial stages itself.

Pradhan Mantri Awas Yojana(PMAY) Beneficiaries

The beneficiaries under the PMAY scheme can be listed as follows:

BeneficiaryAnnual Income
Middle Income Group I (MIG I)Rs.6 lakh to Rs.12 lakh
Middle Income Group I (MIG II)Rs.12 lakh to Rs.18 lakh
Lower Income Group (LIG)Rs.3 lakh to Rs.6 lakh
Economically Weaker Section (EWS)Up to Rs.3 lakh

In addition to these, people belonging to SC, ST, and OBC categories and women belonging to EWS and LIG income groups will also be eligible for the PMAY scheme.Identification and Selection of Beneficiaries under PMAY

  • The Pradhan Mantri Awas Yojana(PMAY) – Urban scheme caters mainly to the housing requirements of the urban poor. The scheme also caters to the housing requirement of slum dwellers residing in confined areas of slums with inadequate infrastructure, poor sanitation and drinking facilities.
  • Beneficiaries of PMAY-U mainly include Middle Income Groups (MIGs), Low-income Groups (LIGs) and Economically Weaker Section (EWS).
  • While the beneficiaries from the EWS category are eligible for complete assistance under the scheme, beneficiaries from LIG and LIG categories are only eligible for the Credit Linked Subsidy Scheme (CLSS) under PMAY.
  • In order to be recognised as a LIG or EWS beneficiary under the Scheme, the applicant is required to submit an affidavit as income proof to the authority.

Key Highlights of PMAY Scheme 2023

Eligible Housing Loan Amount for Interest SubsidyUp to Rs.6 lakhUp to Rs.6 lakh
Maximum Loan Tenure20 years20 years
Discounted Rate for Calculation of Net Present Value of Interest Subsidy9.00%9.00%
Dwelling Unit Carpet Area (sq.m.)Up to 30 sq.m.Up to 60 sq.m.
Duration of Scheme17 June 2015 to 31 December 202417 June 2015 to 31 December 2024
Applicability of No Pucca HouseNot for upgradation or renovation
Woman Ownership/Co-ownershipNot required for an existing property. Compulsory for a new acquisition.
Amount Paid in Lump Payment for Each Sanctioned Housing Loan applicationRs.3,000Rs.3,000
Quality of Flat/House ConstructionBIS Codes, National Building Code, and according to the NDMA Guidelines adopted
Approvals for the Building DesignMandatoryMandatory
Basic Civic Infrastructure (water, electricity, sanitation, sewerage, road etc.)MandatoryMandatory
Maximum Interest Subsidy AmountRs.2,67,280Rs.2,67,280

Key Parameters of PMAY

ParticularsMIG IMIG II
Eligible Housing Loan Amount for Interest SubsidyUp to Rs.9 lakhUp to Rs.12 lakh
Maximum Loan Tenure20 years20 years
Dwelling Unit Carpet Area (sq.m.)160 sq.m.200 sq.m.
Maximum Interest Subsidy AmountRs.2,35,068Rs.2,30,156
Lump Sum Amount Paid for Each Sanctioned Housing Loan Application Instead of processing feeRs.2,000Rs.2,000
Discounted Rate for Calculation of Net Present Value of Interest Subsidy9.00%9.00%
Duration of Scheme1 January 2017 to 31 December 20241 January 2017 to 31 December 2024
Woman Ownership/Co-ownershipNot compulsoryNot compulsory
Applicability of No Pucca HouseYesYes
Approvals for the Building DesignMandatoryMandatory
Quality of House/Flat ConstructionBIS Codes, National Building Code, and according to the NDMA Guidelines adopted
Basic Civic Infrastructure (water, road, sanitation, sewerage, electricity etc.)MandatoryMandatory
Income Proof to Claim SubsidySelf-DeclarationSelf-Declaration
Identity ProofAadhaar Card NumberAadhaar Card Number

Type of PMAY Scheme 2023

There are two sub-sections of the PMAY scheme which are divided on the basis of the area on which they focus:

  1. Pradhan Mantri Awas Yojana Gramin – The Pradhan Mantri Awas Yojana – Gramin (PMAY-G) was previously known as the Indira Awas Yojana and was christened as PMAY-G in 2016. The scheme is aimed at the provision of affordable and accessible housing units to eligible beneficiaries in rural regions of India (excluding Chandigarh and Delhi). Under this scheme, the Government of India and the respective state governments share the cost of development of housing units in the ratio of 60:40 for plain regions and 90:10 for North-Eastern and hilly regions.
  2. Pradhan Mantri Awas Yojana Urban – The Pradhan Mantri Awas Yojana – Urban (PMAYU), as the name suggests, is focussed towards the urban areas in India. At present, there 4,331 towns and cities which are enlisted under this scheme. The scheme is set to function under three different phases:
    • Phase 1: Under Phase 1, the government targeted to cover 100 cities in different states and UTs across the country from April 2015 to March 2017.
    • Phase 2: Under Phase 2, the government targeted to cover 200 more cities in different states and UTs across the country from April 2017 to March 2019.
    • Phase 3: Under Phase 3, the government targeted to cover the cities which have been left out in Phase 1 and Phase 2 and attain the target by the end of December 2024.

PMAY Interest Subsidy 2023

ParticularsInterest Subsidy>Maximum Loan for Subsidy
EWS6.50% p.a.Rs.6 lakh
LIG6.50% p.a.Rs.6 lakh
MIG -14.00% p.a.Rs.9 lakh
MIG-23.00% p.a.Rs.12 lakh

Pradhan Mantri Awas Yojana (PMAY) Subsidy Calculator

Pradhan Mantri Awas Yojana (PMAY) scheme aims to simplify the process of purchasing a home for the urban poor and weaker sections of society through EMIs at reasonable rates of interest. The rate of interest is comparatively much lesser than commercial rates, thus offering people subsidised loans.

To calculate the EMI log on to the Pradhan Mantri Awas Yojana website and fill in the following details: http://pmaymis.gov.in/EMI_Calculator.aspx

  • The total loan amount in rupees
  • The rate of interest
  • The total loan period in months

Once the following details are submitted, click on the ‘Calculate’ option. This will give you the monthly installment or EMI payable in rupees.

How to Get PMAY Interest Subsidy?

  • Apply for a home loan from any listed lending institution asking for subsidy.
  • The lending institution will review your application and you are eligible, your application will be sent to the Central Nodal Agency.
  • Upon verification, if your application is approved and no discrepancies are found, the Central Nodal Agency will disburse the subsidy amount to the lending institution.
  • This amount will be credited to your account by the lending institution which will lower your total loan amount.
  • You can continue paying the EMIs towards the balance loan amount.

How to transfer PMAY Subsidy to the Borrower’s Bank?

The bank from where the individual is taking the loan will claim the subsidy benefit for the eligible applicants from the National Housing Bank (NHB). The National Housing Bank will then check to investigate whether anyone is making multiple applications under the scheme. Once confirmed, the CLSS or subsidy amount will be given to the borrower’s Bank.Once the amount is received, the money would be credited directly to the Loan Account.

PMAY Loan Eligibility

The government will use the The Socio Economic and Caste Census of 2011 (SECC 2011) to identify and select the list of PMAY beneficiaries. The village panchayats along with tehsils will be considered for consultation of beneficiaries before making the list under the rural housing scheme. This is going to be done in order to ensure transparency of the project and also make sure that only the deserving receive the aid in housing.

How to Apply for the PM Awas Yojana Online?

You can apply for the PM Awas Yojana (PMAY) through the official PMAY portal. The process of application is very easy and user-friendly. All you would need to get started is your Aadhaar number. After that you can just follow the on-screen directions and fill up and submit the form to conclude the application.

How to check PMAY Application Status?

To check the status of your PMAY application, you can simply log in to the official portal of Pradhan Mantri Awas Yojana at https://pmaymis.gov.in. After that, you can just navigate to the tracking option and follow the on-screen directions to check the status of your application.How to Edit Your Details After Submitting Application for PMAY

  • Visit the official website of Pradhan Mantri Awas Yojana
  • Enter your application reference number and your Aadhaar details
  • Click on the “Edit” option
  • You will now be allowed to edit your application details

PMAY Resource: PMAY Online Application FormPhases of Pradhan Mantri Awas Yojana (PMAY)

The PMAY Scheme will be executed in three phases. Refer to the below tables for more details:

StagePhase 1Phase 2Phase 3
Start date04/01/1504/01/1704/01/19
End date03/01/1703/01/1903/01/22
Cities covered100200Remaining cities

PMAY Functions of Technology Sub-Mission

PM Awas Yojana Technology Sub Mission will cover following:

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

PMAY Customer Care Helpline Numbers

In case of any queries relating to the application process, interest rates and any other scheme related queries, customers can contact the toll free helpline number:

  • 1800-11-6163 (Urban, HUDCO)
  • 1800-11-3388 (Urban,NHB)
  • 1800-11-3377 (Urban,NHB)
  • 1800-11-6446 (Gramin)

Those facing any issues related to the application process can contact the above toll-free numbers according to the locations.

List of State Level Nodal Agencies for PMAY (U)

State/UTOrganisation NameAddress and Email
Andaman and Nicobar IslandsUnion Territory of Andaman and Nicobar IslandsMunicipal Council, Port Blair – 744101
Email: jspwdud@gmail.com
Andhra PradeshAndhra Pradesh State Housing Corporation LimitedAndhra Pradesh State Housing Corporation Limited, Himayat Nagar, Hyderabad – 500029
Email: apshcl.ed@gmail.com
Andhra PradeshAndhra Pradesh Township Infrastructure Development Corporation LimitedFlat number 502, Vijaya Lakshmi Residency, Gunadala, Vijayawada – 520004
Email: aptsidco@gmail.com,
Arunachal PradeshGovernment of Arunachal PradeshDepartment of Urban Development and Housing, Mob-II, Itanagar
Email: chiefengineercumdir2009@yahoo.com,
AssamGovernment of AssamBlock A, Room no. 219, Assam Secretariat, Dispur, Guwahati – 781006
Email: directorcpassam@gmail.com
BiharGovernment of BiharUrban Development and Housing Department, Vikas Bhawan, Bailey road, New Secretariat, Patna, Bihar – 15
Email: sltcraybihar@gmail.com
ChandigarhChandigarh Housing BoardSector 9-D, Chandigarh – 160017
Email: chb_chd@yahoo.com,
ChhattisgarhGovernment of ChhattisgarhMahanadi Bhawan Mantralaya, Room No. S-1/4, Naya Raipur, Chhattisgarh
Email: pmay.cg@gmail.com
Dadra and Nagar Haveli, and Daman and DiuUnion Territory of Dadra and Nagar Haveli, and Daman and DiuSecretariat, Silvassa – 396220
Email: devcom-dd@nic.in
Dadra and Nagar HaveliUnion Territory of Dadra and Nagar HaveliSecretariat, Silvassa – 396220
Email: pp_parmar@yahoo.com
GoaGovernment of GoaGSUDA, 6th Floor, Shram Shakti Bhavan, Patto – Panaji
Email: gsuda.gsuda@yahoo.com
GujaratGovernment of GujaratAffordable Housing Mission, New Sachivalaya, Block No. 14/7, 7th floor, Gandhinagar – 382010
Email: gujarat.ahm@gmail.com,
HaryanaState Urban Development AgencyBays-11-14, Palika Bhawan, Sector-4, Panchkula, Haryana – 134112
Email: suda.haryana@yahoo.co.in
Himachal PradeshDirectorate of Urban DevelopmentPalika Bhawan, Talland, Shimla
Email: ud-hp@nic.in
Jammu and KashmirJammu and Kashmir Housing BoardEmail: Jkhousingboard@yahoo.com,
JharkhandUrban Development Department3rd floor, Room No: 326, FFP Building, Dhurwa, Ranchi, Jharkhand – 834004
Email: jhsltcray@gmail.com,
KeralaState Poverty Eradication MissionTRIDA Building, Jn. Medical College, PO Thiruvananthapuram
Email: uhmkerala@gmail.com
Madhya PradeshUrban Administration and Development, GoMPPalika Bhawan, Shivaji Nagar, Bhopal – 462016
Email: addlcommuad@mpurban.gov.in,
MaharashtraGovernment of MaharashtraGriha Nirman Bhawan, 4th Floor, Kalanagar, Bandra (East), Mumbai – 400051
Email: mhdirhfa@gmail.com,
ManipurGovernment of ManipurTown Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal – 795001
Email: hfamanipur@gmail.com,
MeghalayaGovernment of MeghalayaTown Planning Department, Government of Manipur, Directorate Complex, North AOC, Imphal – 795001
Email: hfamanipur@gmail.com,
MizoramUrban Development & Poverty Alleviation, Government of MizoramDirectorate of Urban Development and Poverty Alleviation, Thakthing Tlang, Aizawl, Mizoram – 796005
Email: hvlzara@gmail.com
NagalandGovernment of NagalandMunicipal Affairs cell, A.G. Colony, Kohima – 797001
Email: zanbe07@yahoo.in
OdishaHousing and Urban Development (H&UD) Department1st Floor, State Secretariat, Annex – B, Bhubaneswar – 751001
Email: ouhmodisha@gmail.com
PuducherryGovernment of PuducherryTown & Country Planning Deptt. Jawahar Nagar Boomianpet Puducherry – 605005
Email: tcppondy@gmail.com
PunjabPunjab Urban Development AuthorityPUDA Bhawan, Sector 62, SAS Nagar, Mohali, Punjab
Email: office@puda.gov.in,
RajasthanRajasthan Urban Drinking Water, Sewerage & Infrastructure Corporation Ltd (RUDSICO)4-SA-24, Jawahar Nagar, Jaipur, Rajasthan
Email: hfarajasthan2015@gmail.com
SikkimGovernment of SikkimDepartment of Urban Development and Housing, Government of Sikkim, NH 31A, Gangtok – 737102
Email: gurungdinker@gmail.com
Tamil NaduGovernment of Tamil NaduTamil Nadu Slum Clearance Board, No.5 Kamarajar Salai, Chennai, Tamil Nadu – 600005
Email: raytnscb@gmail.com
TelanganaGovernment of TelanganaCommissioner and Director of Municipal Administration, 3rd Floor, AC Guards Public Health, Lakdikapool, Hyderabad
Email: tsmepma@gmail.com
TripuraGovernment of TripuraDirectorate Of Urban Development, Government of Tripura, Pandit Nehru Complex, Gorakha Basti, 3rd Floor, Khadya Bhawan, Agartala – 799006
Email: sipmiutripura@gmail.com
UttarakhandDirectorate of Urban DevelopmentState Urban Development Authority 85A, Motharawala Road, Ajabpur Kalan, Dehradun
Email: pmayurbanuk@gmail.com
KarnatakaGovernment of Karnataka9th Floor, Vishweshwaraiah Towers, Dr.Ambedkar Veedhi, Bangalore – 560001
Email: dmaray2012@gmail.com
West BengalState Urban Development AuthorityILGUS Bhavan, Block HC Block, Sector 3, Bidhannagar, Kolkata – 700106
Email: wbsuda.hfa@gmail.com
Uttar PradeshState Urban Development Agency (SUDA)Navchetana Kendra, 10, Ashok Marg, Lucknow – 226002
Email: hfaup1@gmail.com

Top 10 Banks offering Home Loans Under PMAY Scheme

Top 10 banks in India which offer loans under the PMAY scheme are listed below:

  • Bank of Baroda
  • State Bank of India
  • Axis Bank
  • IDFC First Bank
  • Bandhan Bank
  • Bank of India
  • HDFC Bank
  • IDBI Bank
  • Punjab National Bank
  • Canara Bank

Leave a Comment