PM Awas Yojana 2.0: Affordable Housing for Urban India

The Pradhan Mantri Awas Yojana (PMAY) was launched with the ambitious goal of ensuring a pucca house for every eligible urban household in India, targeting categories such as Economically Weaker Sections (EWS), Low-Income Groups (LIG), and Middle-Income Groups (MIG), including slum dwellers. Initially envisioned as “Housing for All by 2022,” PMAY aimed to address the housing crisis and promote affordable, sustainable living options through its Credit Linked Subsidy Scheme (CLSS).

Recently, the government introduced an upgraded version—PMAY Urban 2.0—to address ongoing challenges in urban housing and to make homeownership more accessible amidst rising property and land prices. This article explores the objectives, features, and updates of PMAY 2.0.

Overview of The PM Awas Yojana 2.0

Key Features of PM Awas Yojana 2.0

PMAY Urban 2.0 brings several significant improvements:

1. Extended Eligibility Criteria:

Beneficiaries with assets such as motorcycles or telephones can now avail of the scheme.

The income eligibility limit has been raised to ₹15,000 from the previous ₹10,000, making it accessible to a broader demographic.

Families owning up to 2.5 acres of irrigated land or 5 acres of unirrigated land are also eligible.

2. Partnerships with Lending Institutions:

The government has partnered with 147 banks and lending institutions to provide interest subsidies to eligible beneficiaries, making home loans more affordable.

3. Encouragement of Sustainable Housing:

PMAY 2.0 emphasises eco-friendly, resource-efficient housing to promote urban sustainability.

Benefits of PM Awas Yojana 2.0

PMAY 2.0 offers multiple advantages to urban households:

Interest Subsidies: Beneficiaries availing loans for residential property or land purchase can receive subsidies, reducing their financial burden.

Increased Accessibility: Expanded eligibility criteria now include individuals and families previously excluded, enabling more households to benefit from the scheme.

Inclusive Urban Development: The program aims to reduce the housing shortage and promote equitable access to housing resources.

Key Changes in The PM Awas Yojana 2.0

Asset Inclusion: Individuals who own motorcycles or telephones are now eligible for the scheme.

Higher Income Limit: The income threshold for eligibility has increased from ₹10,000 to ₹15,000, broadening access.

Land Ownership Flexibility: Families with up to 2.5 acres of irrigated or 5 acres of unirrigated land are now included as beneficiaries.

Eligibility

1. Families must belong to one of the following income groups:
   • Economically Weaker Section (EWS): Annual income up to ₹3,00,000.
   • Low Income Group (LIG): Annual income between ₹3,00,001 and ₹6,00,000.
   • Middle Income Group-1 (MIG-1): Annual income between ₹6,00,001 and ₹12,00,000.
   • Middle Income Group-2 (MIG-2): Annual income between ₹12,00,001 and ₹18,00,000.
2. The applicant or their family must not own a pucca house anywhere in India.
3. Family must include husband, wife, and unmarried children.
4. Residence must fall within the towns/cities covered by the scheme.
5. The applicant must not have availed of benefits from any prior housing-related government schemes.

Application process

Online Application Process

• Visit the official PMAY-Urban website.
• Select the ‘Citizen Assessment’ option and choose either “For Slum Dwellers” or “Benefits under the other three components.”
• Enter your Aadhaar Card details to access the online application form.
• Fill in mandatory details such as name, contact number, income, and bank account details, and upload the required documents.
• Save the form and enter the Captcha code to complete the application. Take a printout for future reference.

Offline Application Process

• Visit a nearby Common Service Centre (CSC).
• Purchase the application form for ₹ 25 (plus GST).
• Fill in mandatory details and attach copies of required documents.
• Submit the duly filled and signed form at the CSC.

Documents Required for PMAY 2.0

• Aadhaar Number
• Proof of Income
• Identity and Residential Proof
• Proof of Minority Community (if the applicant belongs to a Minority Community)
• Proof of Nationality
• EWS Certificate / LIG Certificate / MIG Certificate (as applicable)
• Salary Slips
• IT Return Statements
• Property Valuation Certificate
• Bank Details and Account Statement
• Affidavit / Proof that the applicant does not own a ‘pucca’ house
• Affidavit / Proof that the applicant is constructing a home under the scheme

FAQs

Are there any sections that would be given preference while providing the benefits?

Preference will be given to differently-abled persons, senior citizens, SCs, STs, OBCs, Minorities, single women, transgender and other weaker & vulnerable sections of the society.

How do I know if my town is covered under the scheme?

You can visit https://pmay-urban.gov.in/pmayprogress to check the same. Alternatively, you can visit https://pmay-urban.gov.in/ and head to “City Wise Progress”.

How do I check my application status?

You can check your application status by using the Assessment ID or by using your name, Father’s name, and mobile number.

How much amount is given in PM Awas Yojana? 

The maximum interest subsidy amount is 2.35 lakhs for MIG-I and 2.30 lakhs for MIG-II.

What is the maximum tenure for the PMAY scheme?

The PMAY scheme comes with a maximum tenure of 20 years.

Vikas Kumar holds an MA in Political Science and has a strong background in government projects, having worked on various contractual initiatives aimed at public welfare. He created this website to share essential updates on government schemes, aiming to empower citizens with the information they need to access valuable resources.