Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana is an initiative by Government of India in which affordable housing will be provided to the urban poor people.
Mainly 3 schemes are introduced under it:
- Credit Link Subsidy Scheme (CLSS)
- Affordable Housing Projects (AHP/PDD)
- Beneficiary Lead Construction (BLC)
| Scheme | Type of Component | Maximum Area of construction | Maximum Subsidy | Eligibility for the scheme | Document to be submitted with the application |
|---|---|---|---|---|---|
| CLSS | Generating affordable housing for economically weaker section and low-income groups through loan attached interest subsidy | Up to 200 sq. m. carpet area | Loan up to 9 lacs 4% discount rate or a loan up to Rs 12 lakh at 3% discount rate | For the family whose annual income is up to 18 lakhs and living as the tenant/joint family/ homeless/reservation affected area/in the inappropriate area |
|
| AHP/PDD | Creating affordable housing systems in partnership with a private or government developer | Up to 30 sq. m. carpet area | Rs. 2.50 lac | For the family for less than 3 lakhs of annual income living as the tenant/joint family/homeless/reservation affected area/in the appropriate place |
|
| BLC | Grant for building a house to individual in Economically Weaker Sections | Up to 30 sq. m. carpet area | Rs. 2.50 lac | For the family for less than 3 lakhs of annual income living as the tenant/joint family/homeless/reservation affected area/in the appropriate place |
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