The Pradhan Mantri Awas Yojana is a program by the government of India that provides housing for the poor in urban areas. It has a target of building two crore affordable houses by 31 March 2022. Read on to find out more.

Urban

The Pradhan Mantri Awas Yojana (PMAY) aims to address the housing shortage in urban areas. It gives special priority to women and weaker sections.

PMAY-Urban has three components – Credit-Linked Subsidy Scheme, Affordable Housing through ISSR and Land Acquisition Assistance. Under the Credit-Linked Subsidy Scheme, an interest subsidy of up to Rs.2.67 lakh is available to eligible applicants. The loan is given at 3% interest.

According to the Government of India, houses under the PMAY-Urban are constructed using green building technologies and environment friendly materials. In addition, houses are also provided with running water, electricity and bathroom facilities. Moreover, it encourages women’s empowerment through residential property ownership.

PMAY-U is an ambitious and unique housing scheme launched by the government in June 2015. It covers more than four hundred towns and cities across the country.

PMAY-U offers affordable houses to economically weaker sections of society. Applicants in the EWS, LIG, and MIG categories are eligible for full assistance.

Gramin

Pradhan Mantri Awas Yojana Gramin is an initiative by the government to provide affordable housing to the rural poor. It is a central scheme to bring social transformation in villages.

Its target is to build houses for all families in rural areas by 2022. The government will give a maximum loan of INR 2 lakh to those eligible. These loans have an interest subsidy of 3%.

There are two ways to apply for PMAY. You can either fill an online form or download a mobile application. Using the application, you can find out the status of your application.

The PMAY-G mobile application is available for both Android and iOS. It is also accessible through the official website. All you need to do is enter your registration number and your credentials. When you click on submit, you will be directed to a new page.

The PMAY-G website is a part of the Centralized Public Grievance Redress And Monitoring System (CPGRAMS). CPGRAMS is a portal through which citizens can lodge complaints and seek redress.

Rural

The Pradhan Mantri Awas Yojana is a government initiative to provide affordable housing for the economically challenged people of India. It has two primary sections: rural and urban. This scheme aims to provide houses for all by 2022.

Pradhan Mantri Awas Yojana – Gramin, previously known as Indira Awas Yojana, is the newest component of this program. It is implemented in rural areas of the country except for Delhi.

PMAY-G program identifies beneficiaries as per the caste, social, and economic parameters and exclusion criteria. They are provided with basic amenities like sanitary toilets, a smoke free chullah, and financial assistance for purchasing the same.

As a result of this initiative, the government will construct one crore pucca houses for the rural poor in the next three years. These houses will include all the necessary amenities. Besides, the government has also opted to provide ground floor units to senior citizens and transgenders.

However, due to the delay in the allotment of land to the landless beneficiaries, the pace of construction of the rural houses has slowed down. In response to this, the government has extended the program to March 2024.

Eligibility criteria

Pradhan Mantri Awas Yojana (PMAY) is a housing scheme launched by the government in July 2015. This initiative aims to help the people in India by making home ownership affordable. The scheme provides a subsidy on home loans.

People from lower income groups can avail loans under this scheme. It gives interest subsidy for the loan amount for a period of 20 years. However, there are certain conditions and criteria that must be met in order to qualify for PMAY.

Individuals from low income groups will be able to obtain a loan of up to Rs 9 lakh. They can also get a subsidy of up to Rs 2.4 lakh, if they are living in urban areas. Applicants with an annual household income of up to Rs 3 lakh can also apply for a subsidy under the program.

Women can also take part in this initiative. Those who are eligible for the scheme will be given houses under this initiative. In addition, they will receive a RuPay debit card with a Rs.1,00,000 accident insurance cover.

Saksham Yuva Yojana

The idea of Saksham Yuva Yojana is to use the power of technology to help the poor. This programme aims at providing financial assistance to the deserving poor through a mobile app and website.

Saksham Yuva Yojana is a new scheme of providing financial assistance to the poor families. It was launched in 2014 by the government of India.

With Saksham Yuva Yojana, a government scheme aimed at providing school education to children of poor families, the government has given an opportunity to youngsters to enroll in schools.

Saksham Yuva Yojana is a unique scheme for the poor and middle-class people in India. Saksham Yuva Yojana is an initiative of the Government of India, which aims to provide free health insurance coverage for all households, including those below poverty line. The scheme was launched in 2014 and has now been extended to cover about a million households.

Saksham Yuva Yojana is an online application that helps to motivate people to save money and improve their financial health.