Pradhan Mantri Awas Yojana is a scheme by Indian Prime Minister Narendra Modi with an aim to provide affordable housing loans to the poor people as well as needy ones. Pradhan Mantri Awas Yojana Mumbai 2018 is part of this scheme. Prime Minister Narendra Modi wants everyone in the nation gets the pucca house when the nation celebrates the 75 years of independence in 2022. Every poor in rural and urban areas can use this affordable housing scheme. There is affordable pucca house with 24*7 electricity supply, toilet facility, water facility and access constructed under this scheme.
There are 305 districts and municipality recognized in 9 states to start the best suitable buildings of houses for urban backward people under this scheme. Pradhan Mantri Awas Yojana was successfully launched in June 2015 and helped urban poor to get the affordable housing. Urban poor who come under the low income groups and economically weaker sections can get affordable houses within 2022 through the financial support of two trillion from the central government of India.
Contents
- Basically, Pradhan Mantri Awas Yojana Mumbai has following components:
- In-situ Slum Redevelopment with participation of the private sector using the land as resource
- Affordable Housing via Credit Linked Subsidy
- Affordable Housing in Partnership with both private and public sector
- Beneficiary led house construction/enhancement
- MHADA
- Targeted beneficiary of Pradhan Mantri Awas Yojana
- Commencement and Deadline
- The main attractions
- Three phases
- How to apply for Pradhan Mantri Awas Yojana
Basically, Pradhan Mantri Awas Yojana Mumbai has following components:
- In-situ Slum Redevelopment with participation of the private sector using the property as resource
- Reasonable Housing via Credit Linked funding
- Reasonable Housing in joint venture with both private and public divisions
- Beneficiary can also get for renovation work
In-situ Slum Redevelopment with participation of the private sector using the land as resource
The best assistance from private developers is used to carry out the project for transforming the slum areas that is the slum rehabilitation of slum dwellers.
Affordable Housing via Credit Linked Subsidy
Urban poor who belongs to the low income group and economically weaker society can get a subsidy on home loan under this scheme. This subsidy is given to construct new pucca house and addition of rooms like kitchen and toilet. This subsidy is available for the home loan up to 12 lakhs. There is no subsidy for home loan more than 12 lakhs.
Affordable Housing in Partnership with both private and public sector
This leading component is a supply side intervention. Economically weaker section people will also the most suitable financial support to build houses with different partnerships like states, union territories and cities.
Beneficiary led house construction/enhancement
Families belong to the economically weaker section of the society can get the financial assistance for building an affordable house under this scheme. You can get the financial assistance for not only constructing the new house but also improve the existing house on your own.
The range of central assistance is in the range between ₹1 lakh to ₹2.30 lakh. Females and females jointly with males get benifits of this scheme.There are some conditions for this scheme. The age of applicant should not be more than 70 years. If you are less than 70 years old and belonging to the economic weaker section with an annual earnings less than ₹3 lakh or lower income group with an annual income range between ₹3 lakh to ₹6 lakh. You must not own dwelling unit on the name of anyone in your family anywhere in India.
MHADA
The Maharashtra Housing and Area Development Authority is also a part of the Pradhan Mantri Awas Yojana Mumbai and currently conducting surveys to understand the scope of project. Qualified and committed civic authority in Mumbai these days get a clear idea about the total number of beneficiaries and locations they choose to build the affordable house under this scheme. They preferred the following areas in Maharashtra to build affordable houses under the Pradhan Mantri Awas Yojana Mumbai.
- Mumbai
- Navi Mumbai
- Thane
- Kalyan
- Dombivali
- Mira Bhayandar
- Ulhasnagar
- Badlapur
- Panvel
- Ambarnath
- Karjat
- Khopoli
- Bhiwandi- Nizampur
The chief minister of Maharashtra has claimed that the overall Pradhan Mantri Awas Yojana project will be completed at the end of 2019 instead of the actual deadline 2022.
Targeted beneficiary of Pradhan Mantri Awas Yojana
- Indian women without biased treatment based on religion as well as caste
- People who belong to the economically weaker sections as well as low income groups of the society
- Scheduled tribes also Scheduled castes
Commencement and Deadline
Pradhan Mantri Awas Yojana remains functional from 17th June 2016 to 31st March 2022.
The main attractions
The preference for Pradhan Mantri Awas Yojana Mumbai affordable housing scheme is given to female applicants for house allotments. Every ground floor of the house is given preference to physically challenged people as well as senior citizens. Builders of affordable housing under this scheme have to follow the eco-friendly development technologies. There is the best subsidy range between ₹1 lakh to ₹2.30 lakh to economically weaker section and low income group of urban population. There is 4% less interest rate for the housing loan from the market value on such loan. Every qualified beneficiary can get a home loan at 6.5% interest rate.
Three phases
There are three phases of Pradhan Mantri Awas Yojana in our time. The first phase of this scheme was from April 2015 to March 2017. First phase has covered 100 cities. The second phase of this scheme was from April 2017 to March 2019. Second phase has covered 200 cities. The third phase of this scheme will be started in April 2019 and completed in March 2022. Third phase has covered remaining parts of all over the country.
How to apply for Pradhan Mantri Awas Yojana
- Visit the official website of Pradhan Mantri Awas Yojana
- Navigate to the mhada.maharashtra.gov.in
- Apply for PMAY Mumbai
You have to register yourself at first by providing essential details like name and Aadhaar number. There are many fields in the application form such as the name of the head of the family, current and permanent address, number of rooms in the existing house, details of the ownership of such house, employment status of the applicant, type of house the family seeks and average monthly income of the household. You require documents including, but not limited to the voter ID, passport size photograph, Aadhaar number of everyone in the family, cast certificate, bank account number along with the IFSC code and income certificate.
For further information visit: http://www.awasyojanajaipur.com