Prime Minister Narendra Modi's third government has been formed at the Center and has already started functioning. On the second day after taking the oath on June 9, 2024, Prime Minister Modi approved multiple welfare schemes by signing various files. These schemes include transferring the 17th installment of the PM Kisan Yojana to the accounts of 9.3 crore farmers and providing funds to 3 crore poor families to build houses under the Pradhan Mantri Awas Yojana (PM Awas Yojana). If you want to build your dream house, the government will provide financial assistance. Here's how to apply for it.

Table of Contents

• PM Awas Yojana: PM Modi gave a message
• PM Housing Scheme: PM Housing Scheme for Cities and Villages
• PM Housing Scheme: 4.21 crore people got houses in 10 years
• PM Awas Yojana: How much money is available in PM Awas Yojana
• PM Awas Yojana: How much interest has to be paid after building a house
• PM Housing Scheme: Eligibility for PM Housing Scheme
• PM Housing Scheme: How to apply for PM Housing

PM Awas Yojana: PM Modi gave a message

After approving the extension of the Pradhan Mantri Awas Yojana to June 10, 2024, Prime Minister Narendra Modi posted a message on the social media platform X, stating that this is a significant step towards promoting a dignified life and ease of living for millions of our countrymen. He announced the government's decision to build 3 crore new concrete houses in villages and cities, reflecting a commitment to improving living standards and ensuring a quality life for all. This expansion also demonstrates the government's determination for inclusive development and social welfare.

PM Housing Scheme: PM Housing Scheme for Cities and Villages

The Pradhan Mantri Awas Yojana (PMAY), also known as the PM Housing Scheme, operates as a credit-linked subsidy scheme initiated by the central government to ensure everyone in the country has a pucca house. The scheme includes Pradhan Mantri Awas Yojana Gramin (PMAY-G) for rural areas and Pradhan Mantri Awas Yojana Urban (PMAY-U) for urban areas, providing either houses or financial assistance to build them.

PM Housing Scheme: 4.21 crore people got houses in 10 years

Over the past decade, the Pradhan Mantri Awas Yojana has provided financial assistance to approximately 4.21 crore poor families to build houses. If you haven't built a permanent house yet and meet the eligibility requirements, you can apply under this scheme. The scheme aims to transition people from temporary to permanent housing and provides financial assistance for those who have land and wish to build a house.

PM Awas Yojana: How much money is available in PM Awas Yojana

Under the Pradhan Mantri Awas Yojana, beneficiaries receive Rs 1,20,000 for building a house in the plains and up to Rs 1,30,000 for those in hilly areas. Additionally, an extra Rs 12,000 is provided for constructing a toilet within the house.

PM Awas Yojana: How much interest has to be paid after building a house

The Pradhan Mantri Awas Yojana offers subsidies on home loans, with the subsidy amount varying based on house size and beneficiary income. Banks provide these loans at low-interest rates, with a repayment period of up to 20 years under the PMAY scheme.

PM Housing Scheme: Eligibility for PM Housing Scheme

To be eligible for the scheme, applicants must be at least 18 years old, Indian citizens, and have an annual family income of up to Rs 18 lakh. The primary requirement is that the applicant should not own a permanent house, and no family member should hold a government job. Required documents include identity proof, address proof, and property papers.

PM Housing Scheme: How to apply for PM Housing

• You can apply online and offline for Pradhan Mantri Awas Yojana.
• For online applications, visit the official website https://pmaymis.gov.in/.
• Click on PM Awas Yojana on the homepage.
• Register with your information and upload the required documents.
• Review and submit your application.
• For offline applications, visit the nearest Common Service Center.