Ever wondered your dream of owning your own home , the utmost necessity can now be true ? The Government of India has introduced a very interesting scheme called “Pradhan Mantri Awas Yojna” to promote the initiative of making it possible for every Indian to become a proud property owner. The concept of Affordable Housing not only is created to fulfil this dream but the government has initiated some great plans to motivate every earning member to fulfil this dream ,
The major focus of PMAY (urban) are:
- It Targets Slum Rehabilitation:
- Housing to All
- Affordable Housing to Everyone
- Homes are provided at subsidized interest rates
- It secures the financial future of women
- The benefit of eco-friendly housing.
PMAY is a Credit Linked Subsidy Scheme where any person from a financially weaker section can avail subsidy benefits upto 2.65lacs on the interest over the house loan.
The initiative was designed to promote better quality of living in utmost affordable prices and also help women of India to attain their financial freedom.
Eligibility Criteria for applying for PMAY scheme:
Any household with an annual income between ₹ 3 lakh to 18 lakh can apply for this scheme. The applicant or any other family member must not now own a pucca residential property in any part of the country. Based on the socio economic group the scheme has been categorised for 3 sections :
1- EWS/Low Income Group
2- Middle Income Group , Type1
3- Middle Income Group , Type2
How to Apply for Pradhan Mantri Awas Yojana online :
- Log on to the official Pradhan Mantri Awas Yojana at pmaymis.gov.in.
- Choose the 'Benefits under other 3 components' option by clicking the 'Citizen Assessment' dropdown.
- Enter your Aadhaar number and click submit.
Is PMAY Scheme a Success ?
The scheme has been largely successful, especially the rural component, due to sufficient allocation of funds by the government. The PMAY-Rural has been allotted Rs 19,000 crore for 2019-20 in the Union Budget 2019, a slight dip from Rs 19,900 crore in the previous year.
So, if you have the dream to bring the joy of becoming a home owner for ur family , connect with our team.
We have delivered 10 successful RERA & KDA approved projects in our city and 1 fully RERA approved project based on the concept of Affordable Housing , for the PM’s vision of turn in a reality , We have a new township coming on the same concept very soon , We look forward to enlighten our clients with more such informative schemes where we can be a source of their journey of becoming a proud property owner , I started my Campaign #PropTalksWithGBA on Instagram & LinkedIn where we not only discuss about the luxury projects but we also focus on affordable housing projects along with some interesting interior & vastu tips that can help you add an aesthetic aura to your surroundings.
My vision is to spread every enterprising ideas government is doing in the real estate world to my audience such that they can avail the best of benefits and be very educated about the property business .
Keep following us for more such informative Real Estate Tips & schemes.
Gurneet Bhatia Agarwal,
Marketing Director Shipra Builders, Kanpur
