What is Pradhan Mantri Awas Yojana ( An Introduction)
Quick highlights of Pradhan Mantri Awas Yojana
Parameters
|
Details
|
Scheme
Name
|
Pradhan Mantri Awas Yojana
|
Launch
Date
|
25th June, 2015
|
Estimated
Time for Completion
|
7 years (2022)
|
Primary
Objective
|
Providing affordable houses to
Indian citizens
|
Number
of Houses to be Built
|
2 crores +
|
Primary
Target Group
|
Poor people of India belonging to
LIG and EWS groups. LIG stands for low income group and EWS stands for
Economically Weaker Sections
|
Primary
Target Area
|
LIG and EWS people of urban areas
|
Scope
of Scheme
|
Across India
|
Previous
Name
|
Housing for All scheme
|
Launched
by
|
Prime Minister Narendra Modi
|
Target of Pradhan Mantri Awas Yojana
- Housing for all by 2022
- More than 2 Crore houses to be built
- 1 Crore houses by 2019
- 305 cities across 9 states identified from Census 2011 data
- Covering 4041 statutory towns
Nodal Agency
Ministry of Housing and Urban Poverty alleviation (HUPA)
Funding of Pradhan Mantri Awas Yojana
- Cost of 1.25 lac per unit
- 1 lac central grant
- 6.5 percent subsidy on housing loans to beneficiaries
- Maximum tenure: 15 years
- Loans up to only 6 lac available at subsidized rate,
- Above 6 lac at non subsidized rate
- No maximum limit on loan amount
- Funds distributed to beneficiaries through Banks like Canara Bank, ICICI etc
- Funds also distributed through Payment banks like HFFC etc.
Implementation Phase of Pradhan Mantri Awas Yojana
- Phase 1 from April 2015 to March 2017 covering 100 cities
- Phase 2 from April 2017 to March 2019 covering additional 200 cities
- Final Phase from April 2019 to March 2022 covering rest of the cities
Beneficiaries of Pradhan Mantri Awas Yojana
- Identified from SECC data
- Economically Weaker sections (EWS)
- Below Poverty Line (BPL)
- Low Income Group (LIG)
- Women
- Scheduled Caste
- Scheduled Tribe
Eligibility for Pradhan Mantri Awas Yojana
- Applicant age must be between 21 and 55 years
- Income less than 6 lac per annum for LIG
- Income less than 3 lac per annum for EWS
How Beneficiaries are selected?
- Agreement signed by State/Union Territory
- State/UT writes proposal to HUPA
- State conducts survey (SECC)
- State advertises and calls for applications
- Applications received from eligible beneficiaries
Features of Pradhan Mantri Awas Yojana
- Slum rehabilitation
- Central government Partnership based Affordable housing
- Individual houses registered in the name of women or joint ownership with husband
- Availability of Interest Subsidy that is credit linked
- Home enhancement
- Modern construction technologies to speed up house construction
- Hassle free loans with less documents
- Flexibility to merge with the existing State government housing plans
- Ground floor preferably allocated to people with disabilities and senior citizens
Going Green
- The houses constructed under PMAY will be in accordance with “Going Green” concept through
- Environment friendly technologies
- Deployment of disaster management construction practices
- Adoption of modern and green technologies
- Solar powered houses
Challenges
- Preventing beneficiaries from renting out the house
- Quality of houses
- Monitoring the progress
- Ensuring that only beneficiaries get the houses
- Availability of other services like drinking water, transport, schools stc.
IMPORTANT LINKS FOR PMAY
1. http://pmaymis.gov.in/