Pradhan Mantri Awas Yojana



PMAY Budget 2019: 1.53 Crore Homes Build Between 2014 And 2018 Under PMAY.

Pradhan Mantri Awas Yojana

According to current estimates, the urban population of the country, which has already seen a sharp increase over the past decade, is set to see a phenomenal growth in the years to come. By the year 2050, the country’s urban population is set to reach a population of more than 814 million people. This is an increase of about 400 million from current levels. One of the biggest challenges faced by the country will be providing affordable housing, sanitation and development, and a safe environment to the city dwellers. Currently, the development of a city is led by the real estate developers who decide the areas which shall be developed. Real estate prices have also skyrocketed over the past couple of decades leaving the common man with only dreams of owning a house. It is to address these issues that Prime Minister Narendra Modi launched the Housing for All by 2022 scheme, also known as the Pradhan Mantri Awas Yojana (PMAY) on 25 June 2015 at a launch ceremony in Vigyan Bhawan, New Delhi. Two other schemes were also launched as complementary to the affordable housing scheme, a scheme for development of Smart Cities across the country and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) that allows for urban renewal and upgradation of infrastructure in the major urban tracts of the country.

Who are all eligible?

The scheme is primarily aimed at providing housing for all. Therefore, understandably, all those who already own a home or any of their family member own a home, are kept out of the benefits of PMAY.

The rule says, "The beneficiary family should not own a pucca house and the beneficiary family should not have availed of central assistance under any housing scheme from Government of India." A beneficiary family will comprise of husband, wife, unmarried sons and/or unmarried daughters. To avoid duplication, beneficiary family members have to provide their Aadhaar numbers while applying for the loan.

But, as per the guidelines, "An adult earning member (irrespective of marital status) can be treated as a separate household, provided that he/she does not own a pucca (an all weather dwelling unit) house in his / her name in any part of India."

So, even if children (married or unmarried) are staying with their parents in a house owned by the parents (or on rent, in the same or another city), they can opt for PMAY provided they are earning and don't own any other home.

For a married couple living on rent and even if their parents own a home, will anyhow is treated as a separate household. However, if they wish to avail PMAY benefits, they will be eligible for a single house, bought by either of the spouses or both together in joint ownership.

Features of Pradhan Mantri Awas Yojana

  • Under PMAY Scheme, 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.

Benefits to Women, SC/ST

While the Pradhan Mantri Awas Yojana is clear about its goals – affordable housing for all by 2022, it does ensure that the benefits of the scheme are enjoyed by women, economically backward groups of Indian society and the Scheduled Castes and Scheduled Tribes. In an unprecedented move, the government has decided to protect the interests of neglected groups in the country. Transgenders and widows, members of the lower income groups and urban poor, and the Scheduled Castes and Scheduled Tribes shall be granted preference when they try to avail the affordable housing scheme. Apart from these groups members of society who often find themselves out of a home, seniors and differently-abled people shall also gain preference in allotment of houses. They shall also be able to choose a ground-floor house if need be. Apart from this, it is also mandatory that while registering to avail the benefits of the scheme, the beneficiaries must necessarily mention their mother or wife’s name. According to news reports, these details were revealed by a Housing and Urban Poverty Alleviation Ministry official before the launch of the scheme. The scheme is one-of-its-kind in India in terms of the protection and benefits that it extends to previously neglected groups such as transgenders and widows.

How to Apply for PMAY?

The scheme has just being launched by the Prime Minister. Several housing schemes will be launched under the main scheme by several state governments. Once, the state governments will launch the schemes, the application forms will be made available to the desired applicants.

List of Banks for Home Loan Under Pradhan Mantri Awas Yojana (PMAY)

Sr. No. Public Sector Banks Private Sector Banks
1 Vijaya Bank South Indian Bank Ltd.
2 Central Bank of India Nainital Bank Ltd.
3 State Bank of Patiala Lakshmi Vilas Bank
4 United Bank of India J & K Bank
5 UCO Bank Dhanlaxmi Bank Ltd
6 Syndicate Bank City Union Bank
7 State Bank of Travancore Yes Bank
8 State Bank of Mysore The Federal Bank Ltd.
9 State Bank of Hyderabad Catholic Syrian Bank
10 State Bank of Bikaner & Jaipur Tamilnad mercantile Bank Ltd
11 Punjab National Bank Karur Vysya Bank Ltd.
12 Punjab & Sind Bank Karnataka Bank Ltd.
13 Oriental bank of Commerce ICICI bank Ltd.
14 Indian Overseas Bank DCB Bank Ltd.
15 Indian Bank Axis bank Ltd.
16 Dena Bank
17 Corporation Bank
18 Canara Bank
19 Bhartiya Mahila Bank Ltd.
20 Bank of Maharashtra
21 Bank of India

Frequently Asked Questions About PMAY

Any Indian citizen who belongs to the EWS, LIG, or MIG category can avail the benefits of this scheme.

Generate e-way bill on basis of information shared by the suppliers/ consignors regarding the Invoice/challan.

No, since your account is linked with your Aadhar Card, you would not be able to apply twice.

If you are applying through the online portal, there will be no charges. If you apply offline, you will have to pay a registration fee of Rs. 25 plus GST.

Conclusion 

Affordable housing has been given infrastructure status in Budget 2017, which should aid developers in takings its associated benefits. But for a common man, the timely delivery of the house still remains a distant dream. For availing the benefits, the builders had to complete the affordable housing projects in 3 years but now ( Budget 2017) have to complete in 5 years. Tread carefully and evaluate all the options before venturing out to explore the affordable housing segment, even if you are a first-time home buyer.

PMAY एम्पॉवरिंग इंडिया अवॉर्ड्स २०१९ मध्ये पार्कसाईड होम्सने भूषवले मोठे यश!

भारताचे गृहनिर्माण क्षेत्र अगदी वेगानी प्रगतीच्या मार्गावर कूच करत आहेच आणि त्याचा लाभ बिल्डर्स, डेव्हलपर्स, व घरखरीदार सगळ्यांनाच होताना दिसतोय. मुख्यतः 'प्रधान मंत्री आवास योजना' सुरु झाल्यापासून, परवडणारी घरं बांधणाऱ्या प्रकल्पांच्या संख्येत वृद्धी झाली आहे. तसेच भारत सरकारच्या या फ्लॅगशिप योजनेअंतर्गत, रिअल इस्टेट क्षेत्राला आपल्या वाढीसाठी अनुकूल असे वातावरण निर्माण झाल्याचे समजते. PMAY हि योजना खऱ्या अर्थाने बांधकाम उद्योजकांचे 'मंगल भाग्य' असेच म्हणावे लागेल!

यापलीकडे जाऊन, यंदाच्या वर्षी, 'PMAY एम्पॉवरिंग इंडिया अवॉर्ड्स' च्या पहिल्या संस्करणाचे आयोजन करण्यात आले होते. यामागचा हेतू असा कि बांधकाम क्षेत्रातील जास्तीत-जास्त खाजगी उद्योजकांनी प्रधान मंत्री आवास योजनेअंतर्गत प्रकल्प उभारावे. या प्रोत्साहनस्वरूपी अवॉर्ड्सद्वारे, विविध राज्यातील विविध बिल्डर्स आणि प्रायव्हेट डेव्हलपर्सनी शहरी भागात स्थित आप-आपले गृहप्रकल्प ज्युरीसमोर प्रदर्शित केले. प्रकल्पांमधल्या नाविन्यपूर्ण संकल्पना, नीर-निराळ्या आर्थिक यंत्रणा, आरामदायी जीवनासाठी लागणाऱ्या सुख-सुविधा, इ. याबाबत भरपूर चर्चा हि झाली.

आणि मागच्याच आठवड्यात PMAY एम्पॉवरिंग इंडिया अवॉर्ड्स 2019 चे विजेते घोषित करण्यात आले. आपल्या नाशिकच्या नावाजलेल्या उद्योग समूह जयकुमार कंस्ट्रक्शन्सच्या पार्कसाईड होम्स या टाऊनशिप प्रकल्पाला 'सर्टिफिकेट ऑफ मेरिट' हा सन्मान लाभला आहे. गृहनिर्माण व शहरविकास खात्याचे मिनिस्टर ऑफ स्टेट मा. श्री. हरदीप सिंग पुरी यांच्या उपस्थित हा पुरस्कार सोहळा नवी दिल्लीत पार पडला. पार्कसाईड होम्ससाठी तर हि प्रतिष्ठेची बाब आहेच, त्याचबरोबर नाशिकसाठी देखील आपल्या शहरातल्या एका उत्कृष्ट प्रकल्पाने एवढी मोठी मजल मारणे हा अभिमानाचा विषय आहेच कि! हा पुरस्कार म्हणजे पार्कसाइडच्या 'अद्वितीय प्लँनिंग आणि जबाब्दारीपूर्ण कामकाज' याचे प्रमाणपत्र. ज्युरीने सर्व बाजूंचा विचार करून मग देण्यात आलेल्या या अवॉर्ड्समध्ये नाव कमवून, पार्कसाईडचे आपल्या देशाच्या विकासामध्ये असलेले योगदान दिसून येते, खासकरून परवडणारी घरं बनवण्यात!

इंडियन ग्रीन बिल्डिंग कौन्सिल द्वारे 'प्री-गोल्ड सर्टिफाईड' असलेला, २०१८ मध्ये क्रिसिल ६-स्टार रेटिंग प्राप्त करणारा पार्कसाईड होम्स हा उत्तर महाराष्ट्रातला पहिलाच प्रकल्प ठरला. आता या पुरस्काराने पार्कसाईड होम्सला एका वेगळ्याच पातळीवर नेले असून, हा प्रकल्प आपल्या लक्षणीय कार्याच्या जोरावर देशभरात प्रसिद्ध झालाय. पार्कसाईडच्या मॅनेजमेंट टीमला जेव्हा आम्ही काही प्रश्न विचारले तेव्हा ते म्हणाले, “पार्कसाईड होम्स हा प्रकल्प अस्तित्वात आणण्याच्या आधी आम्ही घरखरीददारच्या मूलभूत गरजांचा बारकाईने अभ्यास केला. विविध सर्व्हेजमधून आम्हाला बरीच माहिती मिळाली व त्या आधारावर एका हरित, सुख-सुविधांनी परिपूर्ण, आणि ग्राहकवर्गाला आवडेल अशी टाऊनशिप उभारण्याची प्रक्रिया सुरु करण्यात आली. प्रकल्पामागचा मध्यवर्ती विचार बळकट असल्याने, हा प्रत्येक पाहणाऱ्याच्या मनात त्वरित वसतो...मग ते घरखरेदीकर असो का प्रॉपर्टी व्हॅल्युअर्स, रेटिंग्स एजन्सीज असो का अवॉर्ड्स ज्युरी मेंबर्स. हा जो पुरस्कार पार्कसाईड होम्सला मिळालाय त्यामागे आमच्या मेंबर्स आणि रहिवाश्यांकडून लाभलेल्या प्रतिसादाचा मोलाचा वाटा आहे, आणि त्यासाठी आम्ही सर्वांचेच आभार मानतो."

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