Pradhan Mantri Awas Yojana: Eligibility, Home Loan, Status & List 2022

Here in this article, We are Going to Talk about the Pradhan Mantri Awas Yojana Gramin list 2022 What is the Pradhan Mantri Awas yojana home loan and how can any individual who fulfills the Eligibility requirement can Apply online, Check status and their name in the Beneficiary list in the Year 2022 on pmaymis.gov.in or on pmayuclap.gov.in easily.

What is pradhan mantri awas Yojana 2022?

Pradhan Mantri Awas Yojana is Government-backed, Home loan scheme that any Indian citizens who belong to the economically weaker section, Low-income group, and the medium-income group can avail themselves to own their own home.

Here the central government offers interest subsidy ranging from 3% to 6.50% and a total of 2.30 to 2.67 Lakh rs subsidy for borrowers.

So if you have dreamed of owning your own home, But are afraid of High-interest rates on that Banks provide a loan, Then PM Awas Loan is best suited for you.

Here the total subsidy on the Loan very well depends on the Applicants income group.

As per the terms and conditions of This Home loan scheme, Only a person who earns less than 18 Lakh rupees a year is able to take a loan under this scheme.

This Scheme was launched on the year 2015, June 1st By the Modi Government with the aim to provide homes to the General populace of India at an affordable rate.

Available to both Rural(Gramin), Urban(City) areas, Anyone eligible can Avail of this loan to buy or construct a house.

Suggested: Pradhan Mantri Berojgari Bhatta Yojana

Benefits of the Scheme

Pradhan Mantri Awas yojana home loan was launched with the aim to provide homes to economically weaker class at very reasonable low rates.

As a part of this scheme, On the installment that will be paid by the Loan borrower, the Government is going to provide them a subsidy.

The Total Amount of subsidy can very well depend on the income group, In which the Applicant comes.

Here is how the identification of the Income group is done for providing subsidy:

So How much amount of a home loan you, will receive will depend on your Annual income.

Here are the major benefit of this Scheme;

• This scheme is launched with the aim, that everyone should own their own houses in India. To make the general populace achieve this goal the Scheme is launched by the government of India.
• Here Loan borrower not only gets the loan at attractive interest rates but a Subsidy on the Home will be also provided to them.
• The repayment schedule can be chosen by the borrower so they can repay the loan as per their paying capacity.

Document needed to Apply

To apply for PM Awas Yojana Home Loan, the Required document can very well depend on the financial institution from where the Applicant wants to borrow the loan.

However, in most of Cases, These document is necessary to Submit during the approval phase:

• Aadhar Card, Identity card of Applicant.
• Pan card or receipt of Pan card
• Income certificates.
• Proof of residence.
• Copy of Bank’s passbook
• Passport size photographs (if you applying, directly from the bank.)

The bank or Financial institute may require a few other Documentation to process the home loan.

Pradhan Mantri Awas Yojana Eligibility Requirements

The PM Awas Yojana requires certain eligibility for applicants, who can apply for this scheme for a home loan.

Here is the all PMAY Scheme eligibility requirement that is mentioned in the official documentation-

• Any of the family members of the applicant; the one who is going to apply should not own the Pucca house.
• Regarding building or purchasing the house the Applicant or any member of his/her family should not already have any assistance from state or central governments schemes.
• An additional benefit will be provided if the house/land will be own or co-owned by a female family member.
• Hereby the means of the beneficiary family are his/her spouse, unmarried sons, and unmarried daughters.
• The Maximum tenure of provided home loan can be maximum of 30 years. So family should have the repayment capacity to pay the loan amount within 20 years.
• The loan can be issued to Build the house or upgrade the already own house.

If the applicant fulfills all the necessary requirements of a home loan, they can proceed to apply for a home loan from their bank.

Suggested: Pradhan Mantri Rozgar Yojana 2022

How to apply for Pradhan Mantri Awas yojana?

This yojana was planned and implemented by the Central government but government sites aren’t the destination where applicants have to apply for the loan.

An eligible person can apply for this home loan from any of the Nationalized and private banks.

Applicants if eligible can head over to their nearest bank branch along with all of the required documents to Apply offline.

Most banks like HDFC Bank, ICICI Bank, State bank of India, Bank of Maharastra, Punjab National bank provide an Online option on their site to apply for a home loan online.

For example, if you have a Bank account with the HDFC bank, then you can head over to the official HDFC Bank website and Apply for a PM Awas loan from their official site.

Download pradhan mantri awas yojana online form 2022

There is not any need to Download Pradhan Mantri Awas Yojana online from 2022 online.

Anyone who is seeking to Apply for PMAY can apply for a home loan from any of the banks.

Bank will provide an Application form to fill and submit along with the required documents.

If you fulfill all of the eligibility criteria the Home loan will be sectioned to you.

The repayment schedule, loan amount, EMI amount can very well depend on the annual income of the applicant.

Pradhan mantri awas yojana status

The official site of PM Awas Yojana-housing for all, not only provides you detailed information about this housing loan but you can also track the status of your application.

The Beneficiary, who applied for the home can check the status on the official websites pmaymis.gov.in or pmay-urban.gov.in.

Suggested: Pimpri Chinchwad Awas Yojana PCMC list 2022

Check Your status of Home Loan

If you want to Check Pradhan Mantri Awas yojana status of yours in Check new Beneficiary list 2022, You can follow the steps mention below to do that:

1. First head over to the official site
   • For Urban Areas: pmay-urban.gov.in
   • For Rural Areas: pmaymis.gov.in
2. Click on the Hamburger icon.
3. The Main Menu will be shown to you.
4. Choose Search Beneficiary from there.
5. Click on search by name.
6. Enter your Aadhar number when it asks.
7. Hit submit.

The status of your home loan application will be shown to you there.