Pradhan Mantri Awas Yojana Housing for All 2022 Scheme - PM Jan Dhan Yojana

8/16/2019 Pradhan Mantri Awas Yojana Housing for All 2022 Scheme - PM Jan Dhan Yojana

1/5


http://pmjandhanyojana.co.in/awas-yojana-housing-for-all-2022-scheme/

Pradhan Mantri Awas Yojana Housing for All 2022 SchemeComplete Details

The much awaited Pradhan Mantri Awas Yojana has been launched by the Prime Minister Narendra Modi

that envisages the vision of Housing for All by the year 2022. The article includes various aspects of the

scheme covering the beneficiaries, eligibility and the process for applying under the scheme.

The government of India had earlier launched ‘Housing for All’ scheme, which has now been reformed as

Pradhan Mantri Awas Yojana. The Scheme has been launched by the Prime Minister of India, Narendra

Modi on 25 June 2015.

Read This article for Pradhan Mantri Mudra Yojana

The scheme comes with an aim of constructing more than two crore houses across the length and breadth

of the nation within a span of next seven years. This means the scheme which is started in year 2015 would

conclude successfully in the year 2022. The target beneficiaries of the scheme would be poor and people

living under EWS and LIG categories in urban establishments of the country.

Housing for All 2022 | PM Awas Yojana

th

http://pmjandhanyojana.co.in/pradhan-mantri-mudra-yojana-bank/


2/5



The PM Awas Yojana would start in the year 2015 and would be spread for implementation till the year 2022

and would be carried out in three sustainable phases:

Pradhan Mantri Awas Yojana 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.

Pradhan Mantri Awas Yojana 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

Pradhan Mantri Awas Yojana 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.

The Beneficiaries of Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana would target specific groups from the society, which are:

1. Women, irrespective of caste and religion

2. Economically Weaker Section of Society (EWS)

3. Scheduled Tribes (ST)

4. Scheduled Casts (SC)

The Government of India would be granting a subsidy to people from these categories so that they buy a

home for themselves and their families. The subsidy amount may range from Rs 1 lakh to Rs 2.30 lakh.

Features of Pradhan Mantri Awas Yojana aka Housing for All 2022

The features of Pradhan Mantri Awas Yojana are as following:

The government would provide an interest subsidy of 6.5% on housing loans availed by the

beneficiaries for a period of 15 years from the start of loan.The houses under Pradhan Mantri Awas Yojana would be allotted to preferably the female member of

the family. Along with this, preference would be given to the female applicants, in general. This

scheme could well be termed as a pro-women scheme.

While allotting ground floors in any housing scheme under the PMAY, preference would be given to

differently-abled and older people.

The construction of houses under PMAY would be carried out through technology that is eco-friendly.

Interest Rates, EMI Calculation and Subsidy in PM Awas Yojana


3/5



The niche of the scheme lies in the fact that the EMI paid by the home owners under the scheme would be

reduced significantly. The current rate of housing loan in India is at 10.50 per cent. If someone buys a

property currently on a loan of Rs 6 lakh for a tenure of 15 years today, he/she would have to pay an EMI of

Rs 6,632 per month currently. However, with 6.5 per cent subsidy under the scheme, the beneficiary would

have to pay just Rs 4,050 per month as EMI. Thus, there is a significant reduction of Rs 2,000 in the EMI

itself.

Pradhan Mantri Awas Yojana Compnents (Housing for All 2022)

1. An average of Rs 1 lakh would be granted by the Government of India to all the beneficiaries under

the scheme.

2. Through Credit Lined Subsidy Scheme, a subsidy of 6.5% would be given to each beneficiary belong

from EWS and Lower Income Group categories.

3. A central government assistance of Rs 1.5 lakh would go to every beneficiary for promoting housing

stock and thus 35% of the units under the project would be earmarked for the Economically Weaker

Section category.

4. In addition to the above, an Rs 1.5 lakh would be provided to all eligible urban poor who want to

construct their own house in urban areas or wish to make necessary renovations in their existing

houses.

How to Apply for Pradhan Mantri Awas Yojana (Housing for All 2022)

The scheme has just been launched and it would not be viable for us to give you all the details on how you

can apply for the scheme along with guiding you on the application form. We would however, soon update

our site with necessary details pertaining to the processes of this scheme, once they are published by

government of India.

As a matter of information, following are the states in which Pradhan Mantri Awas Yojana would be carried

out:

Sno State

1 Uttar Pradesh

2 Maharashtra

3 Bihar

4 West Bengal

5 Madhya Pradesh


4/5



6 Odisha

7 Telangana

8 Kerala

9 Jharkhand

10 Assam

11 Himachal Pradesh

12 Tripura

13 Meghalaya

14 Manipur

15 Nagaland

16 Tamil Nadu

17 Rajasthan

18 Karnataka

19 Gujarat

20 Punjab

21 Chhattisgarh

22 Haryana

23 Jammu and Kashmir

24 Goa

25 Arunachal Pradesh

26 Mizoram

27 Sikkim

28 Andhra Pradesh

29 Uttaranchal

Following Union Territories would also be covered under Pradhan Mantri Awas Yojana

Sno UT


5/5



1 Pondicherry (Puducherry)

2 Lakshadweep

3 Delhi (National Capital Territory of Delhi)

4 Daman and Diu

5 Dadra and Nagar Haveli

6 Chandigarh

7 Andaman and Nicobar Islands

The scheme is a great initiative by our Prime Minister Narendra Modi and if implemented the way it has

been formulated and dreamt off, it is going to change the infrastructural face of Modern India and would

PM Awas Yojana Forms

Since this scheme would take some time to come up. Currently government is working on it very hard and

soon you will find PM Awas Yojana forms.

Update 14th March 2016

ICICI bank Awas Yojana Loans at subsidized rates of 6.5 %

The ICICI bank has planned a scheme to provide millions of Indian, their own dream house, which currently

they cannot afford right now. This scheme is in support to the Prime Minister’s housing scheme for thecommon masses namely the Awas Yojana. Under this scheme, the ICICI will provide easy housing loans

with low interest rates andeasy options of EMI so that the financially weaker sections of the population can

also accomplish their dream of having their own house.

Under this scheme, the ICICI will provide housing loans at subsidized rates of 6.5 % annually for the loan

amount of Rs. 6 lakh (maximum). This subsidy will be credit linked. This housing loan will be provided along

with the partnership with National Housing Bank, which will administer the entire housing project. And the

maximum loan tenure to get the subsidy is 15 years.

Documents

Pradhan Mantri Awas Yojana Housing for All 2022 Scheme - PM Jan Dhan Yojana