Pradhan Mantri Awas Yojana PMAY Scheme Apply Online, Registration

By | April 27, 2017

Pradhan Mantri Awas Yojana PMAY Scheme Apply Online, Registration

The Indian Prime Minister Narendra Modi has successfully launched most awaited Pradhan Mantri Awas Yojana Those who want to own House is applicable to apply online for PMAY Scheme & also get Subsidy details & Document Required. Here We can share every information about PMAY Register, PMAY Registration, PM Awas Yojana Booking PM Awas Yojana 2022 Loan Housing for all using CSC Urban & Rural Area people can apply Online for PMAY govt. Loan on official portal

Pradhan Mantri Awas Yojana PMAY Scheme Apply Online, Registration

Information About Pradhan Mantri Awas Yojana

Houses of upto 30 square meter carpet area with basic civic infrastructure can be constructed. Finance Minister Arun Jaitley earmarked Rs 5,075 crore for the PM Awas Yojana (Urban) for FY 2016-17 Pradhan Mantri Awas Yojana 2017. Basically, families from economically weaker sections Any family which does not own a pucca house is eligible under the scheme.

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Earlier in August, Sriram Kalyanaraman, MD and CEO of National Housing Bank had said that demand for houses in sub-Rs 10 lakh category were driving growth for the housing finance sector in 2015-16 Pradhan Mantri Awas Yojana 2017. “It is probably for the first time that loans of under Rs 10 lakh with both banks and housing finance companies accounted for over 30 per cent of the total loans.

PM Awas Yojana Registration

The focus is definitely shifting towards the lower segment of the market,” he had said. Anil Sachidanand, MD & CEO of Aspire Home Finance Pradhan Mantri Awas Yojana, said that the move would bring more families in the ambit of PMAY scheme. “Through this as more number of EWS/LIG families would now come under the ambit of PMAY schemes.

PM Awas Yojana Apply Online

This will increase the formal credit flow to rural areas which is expected to be utilised not only for constructing new houses but also for converting the existing kutcha houses to pucca ones.” Even as the Prime Minister has announced the scheme for 2017 Pradhan Mantri Awas Yojana, industry experts say that the government is yet to come out with details on the value of property and household income eligibility criteria for the scheme for 2017.

Pradhan Mantri Awas Yojana PMAY Scheme Apply Online, Registration

PMAY Registration

“If we use a rule of thumb, a person with a Rs 6 lakh annual income is eligible for housing loan of up to Rs 24 lakh. If this is the case Pradhan Mantri Awas Yojana, the revised PMAY scheme will be a game changer as around 65 per cent of housing loan of 26 PSBs are in the slab of under Rs 25 lakh,” said State Bank of India chief economic advisor Soumya Kanti Ghosh, in a report on Tuesday.

  • PMAY Phase 1:  The Phase 1 of PM Awas Yojana would span from April 2015 to March 2017 and a total of 100 cities would see the developmental work started and completed during this phase.
  • PMAY Phase 2:  The Phase 2 of Pradhan Mantri Awas Yojana would span from April 2017 to March 2019 and during this phase, a total of 200 more cities would be covered and developed.
  • PMAY Phase 3:  The Phase 3 of PMAY would span from April 2019 to March 2022 and during this phase the left over cities would be covered and developed Pradhan Mantri Awas Yojana.

PMAY Scheme Register

On Saturday, the government has announced creation of two new middle-income categories under PMAY in urban areas and one scheme for rural areas Pradhan Mantri Awas Yojana. As against the initial scheme which provided loans of up to Rs 6 lakh at a subsidised rate of 6.5%, now, housing loans of up to Rs 9 lakh and Rs 12 lakh will now get interest subvention of 4 per cent and 3 per cent Pradhan Mantri Awas Yojana, respectively, in 2017.

PMAY 2017 Apply Online

This is expected to cover nearly 65% of the home loan customers of public sector banks (PSBs). A concerted low-cost housing push by the government through its flagship Padhan Mantri Awas Yojana (PMAY) notwithstanding, the residential real estate sector Pradhan Mantri Awas Yojana a key enabler for the construction and allied industries is still struggling.

PM Awas Yojana Apply Online

For the scheme, which was announced in June 2015 and focussed largely on serving the needs of the economically weaker sections (EWS) and the low-income group (LIG) Pradhan Mantri Awas Yojana, Prime Minister Narendra Modi’s Saturday announcement that effectively broad-based its scope by doubling the quantum of loan on offer could come as a much-needed fillip.

PMAY Scheme Registration

Two new schemes announced for urban poor availing loans under the scheme

• People taking a loan of Rs 9 lakh will get a rebate of 4%

• A loan amount of Rs 12 lakh will get a rebate of 3%

• 33% more houses will be constructed in rural areas

• Lower middle class and middle class in rural areas who want to build a house under the scheme can avail of a 3% rebate on a loan of Rs 2 lakh

PM House For All Scheme

Banks and Housing finance companies have welcomed the move States will have the flexibility to determine the size Pradhan Mantri Awas Yojana of house and other facilities in consultation with the Ministry of Housing and Urban Poverty Alleviation but without any enhanced financial assistance from Centre.

PMAY Govt. Loan Scheme

Gagan Banga, vice-chairman and managing director (MD), Indiabulls Housing Finance, said: “The Prime Minister has effectively made the EMI cheque smaller than the rent cheque for the affordable housing segment Pradhan Mantri Awas Yojana a tremendously positive announcement coming on the back of many directed steps to realise the “Housing for All” objective.”

Click Here To Apply Online For Pradhan Mantri Awas Yojana

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