PMAY Home Loan Apply Online: The government led by Prime Minister Narendra Modi had launched the PM Awas Yojana to help economically weaker and middle class families in urban areas. Now the second phase of the Pradhan Mantri Awas Yojana-Urban (PMAY 2.0) has also started. Under this, one crore families will benefit in the next five years. They will be helped to build, buy and rent affordable houses.
PM Housing Scheme 2.0
The government will allocate Rs. 2.30 lakh crore under PMAY 2.0. In the first phase of the scheme, 1.18 crore houses were sanctioned. More than 85.5 lakh houses have been handed over to the beneficiaries. In the second phase, the benefits of the scheme will be given to the eligible beneficiaries under four components. These four are – Beneficiary Based Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH) and Interest Subsidy (ISS). The central government has started the process of applying online for PMAY 2.0. The required documents include Aadhaar card details, bank account information, income certificate, caste certificate and proof of land ownership.
The benefits of this scheme will be available in four categories.
BLC: In this, the government will provide money to build a house up to 45 square meters on its own land. For building a house, the central government will provide financial assistance of Rs. 2.25 lakh, while the amount to be received from the state government has not been decided yet. In this, the annual income of the person should be three lakh rupees.
AHP: In this category, housing projects prepared by the private or government level are to be built, in which EWS (Economically Weaker Section) will be able to buy houses. Here too, Rs 2.25 lakh will be available from the central government and Rs 50 thousand from the state. In this too, the annual income of the person should be three lakh rupees. This category is for EWS and LIG families, whose annual income is Rs. 3 lakh and Rs. 6 lakh respectively.
ARH: Housing projects will be built on rent. This is for those people who do not have money to build or buy a house. For this, the Central Government will provide Technology Innovation Grant (TIG) at the rate of Rs. 3000 per square meter per unit and the State Government will provide Rs. 2000 per square meter per unit.
ISS (Interest Subsidy): In this, houses worth up to Rs 35 lakh will be given special facility to take home loan up to Rs 25 lakh. Those buying houses with an area of 120 sq m or less will get loan subsidy up to Rs 1.80 lakh. EWS/LIG and MIG beneficiaries will get the benefit of this.
How to Apply for Home Loan Under PMAY Online?
Follow these simple steps to apply online for PM Awas Yojana:
- Visit the official PMAY website: https://pmaymis.gov.in
- Click on ‘Citizen Assessment’.
- Choose the appropriate income category (EWS, LIG, MIG).
- Enter your Aadhaar number and proceed.
- Fill in your personal, income, and residential details.
- Submit the application form. A unique Application Reference Number (ARN) will be generated.
- Use this ARN to apply for a home loan online from any participating bank or financial institution.
Where Can You Apply for a PMAY Home Loan?
Several leading banks and housing finance companies in India support PMAY, including:
- State Bank of India (SBI)
- HDFC Ltd.
- ICICI Bank
- Bank of Baroda
- Axis Bank
- LIC Housing Finance, and more
| Official PMAY Website | View |
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