Pradhan Mantri Awas Yojana – PMAY Housing Loan Scheme 2018 | Urban (Shehari)- Complete Details

Pradhan Mantri Awas Yojana 2015

Pradhan Mantri Awas Yojana | PMAY Housing Loan Scheme | Pradhan Mantri Awas Yojana (Urban or Shehari) | Narendra Modi Awas Yojana Complete Details 2018

Owning a House is Dream of Many. Due to Financial Problems, Many are unable to Fulfill this Dream. The Need for Government Support for Providing Houses was always felt. The Good News is that Indian Govt. lead by PM Narendra Modi is providing Houses under a Very Popular Scheme named as – Pradhan Mantri Awas Yojana or PMAY. This Scheme is Being Managed by Ministry of Housing & Urban Affairs

Official Name of the Scheme is Pradhan Mantri Awas Yojana. However, it is also recognized by various other names like – “Narendra Modi Awas Yojana”, “Prime Minister Housing Scheme”, “Housing for All Scheme”, “Pradhan Mantri House Loan Yojana”. You need to Understand that this all names refer to Pradhan Mantri Awas Yojana Only. 

In this Article, We are Going to Discuss All about this Scheme. Who is Eligible Under this Scheme, What are the Benefits, Application Form, How to Apply & Various Other Aspects will be discussed in Details here? Let’s Get Started

Pradhan Mantri Awas Yojana (PMAY)

As this is a detailed article, we Highly recommend you to Read it completely to understand everything related to Prime Minister Housing Scheme.

Let’s Understand the Eligibility Conditions for PMAY –

  • There is no Age Limit to Avail PMAY. Those who are eligible to avail Home Loan are Eligible, irrespective of their Age

The Eligibility of the Applicants has been categorized into 6 Different Groups which are –

  • Economically Weaker Section (EWS) – In this Category, come those people who earn less than Rs. 3 Lakh per annum (i.e. Yearly Income is Less than Rs. 3 Lakhs). So, If you are Under this Category, You are Eligible to Apply for Awas Yojana Launched by PM Modi.
  • Light Income Group (LIG) – Those People who Earn anything Between 3 Lakhs to 6 Lakhs Per Year Fall into this Group. If you Fall in this Category, You can Apply for Pradhan Mantri Yojana
  • Medium Income Group 1 (MIG 1) – People Who Earn More than 6 Lakh & Less than 12 Lakh Per year are categorized under MIG 1 Category
  • Medium Income Group 2 (MIG 2) – Those Who Earn More than 12 Lakh & Less than 18 Lakh Per Month Come under MIG 2 Category
  • Minorities – Those Who Belong to SC/ST/OBC Categories come under this category.
  • Women – Women Belonging to any of the Above mentioned categories are Eligible to Apply for PMAY Scheme.

Apart from these Eligibility Conditions, there are other Important Aspects, Which are –

  • No one in the Family of the Applicant should Own a House in His/Her Name
  • Applicant must not be availing benefits from Other Similar Housing Schemes

Pradhan Mantri Awas Yojana – Home Loan Scheme Details for LIG/EWS Category Applicants

Loan AmountLoan Amount Eligible for SubsidyBalance LoanInterest SubsidyInitial EMIReduced EMI after Credit of SubsidyMonthly SavingsAnnual/Yearly Savings
Rs. 3 LakhRs.3 lakhRs.1,66,360.00Rs.1,33,640.00Rs.2,895Rs.1,605Rs.1,290Rs.15,480
Rs. 6 LakhRs.6 lakhRs.3,32,720.00Rs.2,67,280.00Rs.5,790Rs.3,211Rs.2,579Rs.30,948
Rs. 10 LakhRs.6 lakhRs.7,32,720.00Rs. 2,67,280.00Rs.9,650Rs.7,071Rs.2,579Rs.30,948

Awas Yojana Loan Scheme for MIG 1 Category

  • Max Income (Of Household) Under this Category – Rs. 12 Lakh
  • Maximum Tenure of the Loan – 20 Years
  • Interest Subsidy Per Year – 4 Percent
  • Eligible Amount of Loan for Interest Subsidy Under CLSS(Under Credit Linked Subsidy Scheme) – Rs. 9 Lakh
  • Max. Interest Subsidy – Rs. 2.35 Lakh
  • The rate of Discount for Net Present Value Calculation – 9%
  • Max. Allowed Carpet Area – 90 Square Meter
  • Monthly EMI with Interest Subsidy – Rs. 5,834
  • Monthly EMI without Interest Subsidy – Rs. 7,894

Narendra Modi Home Loan Yojana Scheme for MIG 2 Category

  • Max Income (Of Household) Under this Category – Rs. 18 Lakh
  • Maximum Tenure of the Loan – 20 Years
  • Interest Subsidy Per Year – 3 Percent
  • Eligible Amount of Loan for Interest Subsidy Under CLSS(Under Credit Linked Subsidy Scheme) – Rs. 12 Lakh
  • Max. Interest Subsidy – Rs. 2.3 Lakh
  • The rate of Discount for Net Present Value Calculation – 9%
  • Max. Allowed Carpet Area – 110 Square Meter
  • Monthly EMI with Interest Subsidy – Rs. 8,059
  • Monthly EMI without Interest Subsidy – Rs. 10,528

Pradhan Mantri Awas Yojana – Housing for All (HFA Urban)

Pradhan Mantri Awas Yojana was Launched in 2015. This Scheme will Work from the Year 2015 to 2022. This Scheme became effective from 17th June 2015 and Will be implemented until 31st March 2018. The Scheme is Being Implemented in 3 Phases Out of Which First Phase has been completed successfully –

Phase 1 – From April 2015 to March 2017. In this Phase, 100 Cities from State/UTs have been selected

Phase 2 – From April 2017 to March 2019. Additional 200 Cities will be Covered

Phase 3 – From April 2019 to March 2022. All remaining cities will be covered

Objectives/Vision of Pradhan Mantri Awas Yojana

  • To Ensure that People from Rural & Urban Areas Get their Own Home
  • To Provide Financial Assistance Through Different Components of Scheme
  • To Improve the State of Poor Population


Narendra Modi Pradhan Mantri Awas Loan Yojana – FAQ’s


Is Bachelor Eligible to Avail the Benefits of PMAY?

Yes, Unmarried Person can Apply for Pradhan Mantri Awas. The Co-Applicant in this case will be the Mother.

How is the Subsidy Amount Transferred?

The Entire Subsidy is Given Upfront to the Housing Finance Company. Due to this Housing Loan Amount is Reduced and EMI is also reduced

I Live in Village? Am I Eligible for Pradhan Mantri Awas Yojana?

If the Roof of your House is Not Made of Concrete then it is not considered as PUCCA House. In this Case, you Can Apply for Pradhan Mantri Gramin Awas Yojana.

Can Widows or Divorcees Apply for PMAY?

Yes they Can !

AWAS Yojana Latest Updates 2018

  • Cabinet Approves Extra-Budgetary Support for Urban Housing Scheme
  • Centre Increases Carpet Area of Houses Under PM Awas Yojana
  • As per a Report Nearly three years into the Pradhan Mantri Awas Yojana (PMAY) for urban areas which promised “housing for all” by 2022, barely 8%, or 3 lakh of the 40.6 lakh houses targeted so far, have been constructed


PMAY Online Application Form

We have Written a Separate Article Explaining the Complete Process to Apply Online for Pradhan Mantri Yojana.

Click Here to Apply Online for Pradhan Mantri Awas Yojana (Urban)

You can Also Download Detailed Manual/Guidelines of Pradhan Mantri Awas Yojana

  • Dilip Kumar Yadav says:

    I am looking book a flat to in this scheme. ……

    • SANJAY G. PARIHAR says:


      • rachna says:

        can you guide me regarding same
        can you provide your contact no

        • rajkumar vaishnav says:

          can contact for booking flat in jodhpur in pm awas yojana mob-9928902887

          • Sagar says:

            Kya ye scheme kanpur ya Lucknow be nhi hai

          • mathiyas says:

            How to get PMAY in assam

        • Ram says:

          Mujhe bhi bataiye online kaise kare

        • pramila pandey says:

          dear sir

          Please request you Pradhan mantri awas yojana applied kaise kare please tell me easily

          • pramila pandey says:

            I waiting for answer

          • ram says:

            jaise rathiya me bharthe hai

        • Srinivas Nandigam says:

          How can we be accessible to PMAY in TELANGANA STATE

    • Dilip kumar Sinha says:

      I am unable to buy home .its a prime need. Roti Kapda n Makan.I haven’t own home.It is most essential for all,who haven’t own home.Really it is milestones .For launching the scheme evrybody appreciate .It is fulfillment of a dream. It revolutionary steps by Our Honeble PM.

      • G Shakuntala says:

        I am a widow from nizamaba telangana have not owen house can i apply PMAY for loan to purchage small house

      • Dipa phatak says:

        Plz send me website I filling the prantpradhaan yojna fOrm

    • Alok says:

      Which city u r looking to buy home ?

    • JYOTI NEMAN says:

      I required own home.But salary received in cash.I payable EMI monthly.Please details for Pradhanmantri awas yojna. scheme.8082655664/9821550226

      • akash says:

        I requard pm loan plz tell me how do applicable

    • Jagjit Kaur says:

      Im looking for his scheme in this scheme i cant find mumbai city ???? is it appliable for mumbai and maharashtra or not …

    • Sumbul says:

      Sir plzz tell where to submit the form for subsidized home loan under pradhan mantri awas yojna

    • shivanshu goel says:

      sir plz send me link for apply this scheme

    • prabhakara b b says:

      ji apka phone number send

    • ravinder singh the says:

      Very good sir

    • UMESH KUMAR says:

      I am agree to this scheme

    • rauddinshaikh says:

      My father is passed in 2014 so my brother is work for Mobile repairing and my sister is 8year old and my mom is sad because my father died so please give my family 1 flat I managed that flat

  • Pramod says:

    Please update soon, How to apply, Pradhan Mantri Yojana. Housing for all 2022. Great Initiative.

    • Nanda Varma says:

      Mumbai me yah yojna kaha hai

      • santosh sagar says:

        santosh sagar

        room mo.08, lalitabai shetty chawl, yadav nagar, khairani road, sakinaka, andheri east
        mumbai – 4000 72

  • GEETA says:

    how to apply for pmay,

    • maruti powar says:

      How to apply scheme

      • ranjit chakrabortychakraborty says:

        Apne bank pe jaiye or manager se baat kijiye..

      • kamal says:

        Aply kaise kare

        • B.sadanand says:

          aply kaisekare detals ples

      • prabir panda says:

        Sir I help you my city West Bengal bankura district

      • manish kanu says:

        dear sir ,i m belonging frm dibrugarh assam .

    • maruti powar says:

      How to apply scheme

  • GEETA says:

    how to get book home for needy person pls give me detail

    • Shaikh Alam says:

      Any body tell me ……………….?????? Where are Apply and Ho do processing for apply PMAY.

      Pl.mail on my Email id
      Thank you


    My parents are looking to construct one own house since 24 years not yet happens. I hope this will help us to fill our dreams..

  • >
    error: Content is protected !!