PM's Housing Scheme (PMAY) Deadline Extension and Essential Details
The Pradhan Mantri Awas Yojana (PMAY), a government initiative aimed at ensuring "Housing for All" by 2025, has seen an extension in its registration deadline. This move allows more citizens to benefit from the scheme and take a step towards secure and affordable housing.
Applying for PMAY: Online and Offline Options
Applicants can apply for PMAY online or offline. To apply offline, visit the nearest Common Service Centre (CSC) or Urban Local Body (ULB) and fill out the PMAY application form. Alternatively, one can apply online by visiting the official PMAY website, filling in personal details, and submitting the form.
Required Documents for PMAY Application
Required documents for PMAY application include Aadhaar card, income certificate, address proof, identity proof, bank account details, affidavit of not owning a pucca house, caste certificate (if applicable), and disability certificate (if applicable).
Deadlines and Extensions for PMAY Verticals
The extension deadlines for the Pradhan Mantri Awas Yojana (PMAY) vary by scheme vertical and state. For PMAY-Gramin (rural housing), the deadline for completion has been extended to 2029, aiming to construct 2 crore pucca houses between 2024 and 2029. This extension reflects the government's intensified push for rural homeownership, backed by record funding and monthly progress monitoring.
For PMAY-Urban (PMAY-U), the scheme period has been extended up to December 31, 2025, to complete houses already sanctioned, without changes in funding or implementation patterns. Following this, the government has launched PMAY-U 2.0 effective from September 1, 2024, targeting an additional 1 crore urban households, suggesting a transition rather than further deadline extensions for the original urban scheme.
The exact completion timelines for houses under PMAY-U vary by state, typically ranging from 12 to 36 months depending on factors like land availability, statutory clearances, and fund arrangements by beneficiaries. States have been advised to expedite construction to meet these timelines.
Eligibility and Benefits under PMAY
To apply under PMAY, the applicant must not own a pucca house anywhere in India and must not have availed of any central or state government housing scheme previously. The benefits of PMAY are substantial for eligible individuals and families, making it the right time to apply for a secure and affordable home.
The PMAY has two components: PMAY Urban (PMAY-U) and PMAY Gramin (PMAY-G), catering to urban and rural areas respectively. Priority is given to differently-abled persons, minorities, senior citizens, and transgender applicants under PMAY. Preference is given to women-headed households in the registration of houses under PMAY.
Under PMAY, EWS/LIG can avail an interest subsidy of 6.5% on loans up to ₹6 lakh. MIG I can avail an interest subsidy of 4% on loans up to ₹9 lakh, while MIG II can avail an interest subsidy of 3% on loans up to ₹12 lakh.
The Pradhan Mantri Awas Yojana is a step toward inclusive development, offering dignity through ownership, improved standard of living, economic boost, and social stability. It is a significant stride towards achieving "Housing for All" by 2025.
Applicants can submit their PMAY applications, either online by visiting the official PMAY website or offline at the nearest Common Service Centre (CSC) or Urban Local Body (ULB). To ensure eligibility under PMAY, an applicant must not own a pucca house anywhere in India and must not have availed of any central or state government housing scheme previously. The PMAY offers substantial benefits for eligible individuals and families, making it the right time to take a step towards securing an affordable home in the business and finance sector.
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