3/18/2016

PradhanMantriAwasYojanaHousingforAll2022SchemePMJanDhanYojana

PradhanMantriAwasYojanaHousingforAll2022Scheme
CompleteDetails
ThemuchawaitedPradhanMantriAwasYojanahasbeenlaunchedbythePrimeMinisterNarendraModi
thatenvisagesthevisionofHousingforAllbytheyear2022.Thearticleincludesvariousaspectsofthe
schemecoveringthebeneficiaries,eligibilityandtheprocessforapplyingunderthescheme.

ThegovernmentofIndiahadearlierlaunchedHousingforAllscheme,whichhasnowbeenreformedas
PradhanMantriAwasYojana.TheSchemehasbeenlaunchedbythePrimeMinisterofIndia,Narendra
Modion25thJune2015.
ReadThisarticleforPradhanMantriMudraYojana

Theschemecomeswithanaimofconstructingmorethantwocrorehousesacrossthelengthandbreadth
ofthenationwithinaspanofnextsevenyears.Thismeanstheschemewhichisstartedinyear2015would
concludesuccessfullyintheyear2022.Thetargetbeneficiariesoftheschemewouldbepoorandpeople
livingunderEWSandLIGcategoriesinurbanestablishmentsofthecountry.

HousingforAll2022|PMAwasYojana
http://pmjandhanyojana.co.in/awasyojanahousingforall2022scheme/

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PradhanMantriAwasYojanaHousingforAll2022SchemePMJanDhanYojana

ThePMAwasYojanawouldstartintheyear2015andwouldbespreadforimplementationtilltheyear2022
andwouldbecarriedoutinthreesustainablephases:
PradhanMantriAwasYojanaPhase1:ThePhase1ofPMAwasYojanawouldspanfromApril2015to
March2017andatotalof100citieswouldseethedevelopmentalworkstartedandcompletedduringthis
phase.
PradhanMantriAwasYojanaPhase2:ThePhase2ofPradhanMantriAwasYojanawouldspanfrom
April2017toMarch2019andduringthisphase,atotalof200morecitieswouldbecoveredanddeveloped.
PradhanMantriAwasYojanaPhase3:ThePhase3ofPMAYwouldspanfromApril2019toMarch2022
andduringthisphasetheleftovercitieswouldbecoveredanddeveloped.
TheBeneficiariesofPradhanMantriAwasYojana
PradhanMantriAwasYojanawouldtargetspecificgroupsfromthesociety,whichare:
1.Women,irrespectiveofcasteandreligion
2.EconomicallyWeakerSectionofSociety(EWS)
3.ScheduledTribes(ST)
4.ScheduledCasts(SC)
TheGovernmentofIndiawouldbegrantingasubsidytopeoplefromthesecategoriessothattheybuya
homeforthemselvesandtheirfamilies.ThesubsidyamountmayrangefromRs1lakhtoRs2.30lakh.
FeaturesofPradhanMantriAwasYojanaakaHousingforAll2022
ThefeaturesofPradhanMantriAwasYojanaareasfollowing:
Thegovernmentwouldprovideaninterestsubsidyof6.5%onhousingloansavailedbythe
beneficiariesforaperiodof15yearsfromthestartofloan.
ThehousesunderPradhanMantriAwasYojanawouldbeallottedtopreferablythefemalememberof
thefamily.Alongwiththis,preferencewouldbegiventothefemaleapplicants,ingeneral.This
schemecouldwellbetermedasaprowomenscheme.
WhileallottinggroundfloorsinanyhousingschemeunderthePMAY,preferencewouldbegivento
differentlyabledandolderpeople.
TheconstructionofhousesunderPMAYwouldbecarriedoutthroughtechnologythatisecofriendly.
InterestRates,EMICalculationandSubsidyinPMAwasYojana
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PradhanMantriAwasYojanaHousingforAll2022SchemePMJanDhanYojana

ThenicheoftheschemeliesinthefactthattheEMIpaidbythehomeownersundertheschemewouldbe
reducedsignificantly.ThecurrentrateofhousingloaninIndiaisat10.50percent.Ifsomeonebuysa
propertycurrentlyonaloanofRs6lakhforatenureof15yearstoday,he/shewouldhavetopayanEMIof
Rs6,632permonthcurrently.However,with6.5percentsubsidyunderthescheme,thebeneficiarywould
havetopayjustRs4,050permonthasEMI.Thus,thereisasignificantreductionofRs2,000intheEMI
itself.

PradhanMantriAwasYojanaCompnents(HousingforAll
2022)
1.AnaverageofRs1lakhwouldbegrantedbytheGovernmentofIndiatoallthebeneficiariesunder
thescheme.
2.ThroughCreditLinedSubsidyScheme,asubsidyof6.5%wouldbegiventoeachbeneficiarybelong
fromEWSandLowerIncomeGroupcategories.
3.AcentralgovernmentassistanceofRs1.5lakhwouldgotoeverybeneficiaryforpromotinghousing
stockandthus35%oftheunitsundertheprojectwouldbeearmarkedfortheEconomicallyWeaker
Sectioncategory.
4.Inadditiontotheabove,anRs1.5lakhwouldbeprovidedtoalleligibleurbanpoorwhowantto
constructtheirownhouseinurbanareasorwishtomakenecessaryrenovationsintheirexisting
houses.

HowtoApplyforPradhanMantriAwasYojana(Housingfor
All2022)
Theschemehasjustbeenlaunchedanditwouldnotbeviableforustogiveyouallthedetailsonhowyou
canapplyfortheschemealongwithguidingyouontheapplicationform.Wewouldhowever,soonupdate
oursitewithnecessarydetailspertainingtotheprocessesofthisscheme,oncetheyarepublishedby
governmentofIndia.

Asamatterofinformation,followingarethestatesinwhichPradhanMantriAwasYojanawouldbecarried
out:
Sno

State

UttarPradesh

Maharashtra

Bihar

WestBengal

MadhyaPradesh

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PradhanMantriAwasYojanaHousingforAll2022SchemePMJanDhanYojana

Odisha

Telangana

Kerala

Jharkhand

10

Assam

11

HimachalPradesh

12

Tripura

13

Meghalaya

14

Manipur

15

Nagaland

16

TamilNadu

17

Rajasthan

18

Karnataka

19

Gujarat

20

Punjab

21

Chhattisgarh

22

Haryana

23

JammuandKashmir

24

Goa

25

ArunachalPradesh

26

Mizoram

27

Sikkim

28

AndhraPradesh

29

Uttaranchal

FollowingUnionTerritorieswouldalsobecoveredunderPradhanMantriAwasYojana
Sno

UT

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PradhanMantriAwasYojanaHousingforAll2022SchemePMJanDhanYojana

Pondicherry(Puducherry)

Lakshadweep

Delhi(NationalCapitalTerritoryofDelhi)

DamanandDiu

DadraandNagarHaveli

Chandigarh

AndamanandNicobarIslands

TheschemeisagreatinitiativebyourPrimeMinisterNarendraModiandifimplementedthewayithas
beenformulatedanddreamtoff,itisgoingtochangetheinfrastructuralfaceofModernIndiaandwould
PMAwasYojanaForms
Sincethisschemewouldtakesometimetocomeup.Currentlygovernmentisworkingonitveryhardand
soonyouwillfindPMAwasYojanaforms.
Update14thMarch2016
ICICIbankAwasYojanaLoansatsubsidizedratesof6.5%
TheICICIbankhasplannedaschemetoprovidemillionsofIndian,theirowndreamhouse,whichcurrently
theycannotaffordrightnow.ThisschemeisinsupporttothePrimeMinistershousingschemeforthe
commonmassesnamelytheAwasYojana.Underthisscheme,theICICIwillprovideeasyhousingloans
withlowinterestratesandeasyoptionsofEMIsothatthefinanciallyweakersectionsofthepopulationcan
alsoaccomplishtheirdreamofhavingtheirownhouse.
Underthisscheme,theICICIwillprovidehousingloansatsubsidizedratesof6.5%annuallyfortheloan
amountofRs.6lakh(maximum).Thissubsidywillbecreditlinked.Thishousingloanwillbeprovidedalong
withthepartnershipwithNationalHousingBank,whichwilladministertheentirehousingproject.Andthe
maximumloantenuretogetthesubsidyis15years.

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