Pradhan Mantri Awas Yojna Credit Linked Subsidy Scheme (PMAY-CLSS) aims to provide affordable housing for all by 2022 whether individual is in Urban or Rural also termed as Gramin. Urban Schemes are identified as PMAY-U and rural as PMAY-G. The prime objective of scheme is providing low-cost pucca house. Program aims to uplift certain segments of the society and provide them with housing options. Segments like Senior Citizens, Differently abled, Widows, Minorities and Others.
Beneficiaries are selected through data available under SECC 2011 – Socio-Economic & caste census conducted to capture details of weaker section of India. The applicant cannot willingly apply through any form or entry or application scheme directly, the beneficiary under PMAY-G is selected by Gram Sabha, this done to avoid duplication by beneficiaries and to extend scheme to rightful and in-need. The scheme is extended to beneficiaries belonging to Below poverty line or Low Income Group or Economical Weaker sections with annual family income between 3 to 6. The list of eligible applicants are
|Details||EWS / LIG||MIG-1||MIG-2|
|Annual Household Income||>=600,000||6 to 12 Lakh||12 to 18 Lakh|
|Max Loan Tenure||20 Yrs||20 Yrs||20 Yrs|
|Max Loan Amount||6 Lakh||9 Lakh||12 Lakh|
|Max Carpet Area||60 sq. mtr||160 sq. mtr||200 sq. mtr|
|Discount % for calculating NPV||9%||9%||9%|
|Max Interest Subsidy||Rs. 2.67 Lakh||Rs. 2.35 Lakh||Rs. 2.3 Lakh|
|Loan Purpose||New home purchase / Self-Construction / Extension||New home purchase / Self-Construction||New home purchase / Self-Construction|
|Validity||31st March 2022||31st March 2020||31st March 2020|
|Locations||17,778 Towns||Urban 2011||Urban 2011|
Aims to assist slum dwellers residing in small area with more than 300 people and round 60-70 families, live in congested lodging and does not have proper sanitary benefits
It covers approximately one crore households that are currently in a kutcha state. The minimum size of the house constructed under Pradhan Mantri Awas Yojana (Gramin) is 25 sq.m. It also extends financial assistance to those who are residing Below Poverty Line (BPL) in order to help them build these houses.