Pradhan Mantri Awas Yojana Urban (PMAY-U) helps urban families own a pucca house. Its second phase, PMAY-U 2.0, was approved by the Union Cabinet in August 2024. Here is a simple guide.
Target
PMAY-U 2.0 aims to support 1 crore urban poor and middle class families over five years. The government announced central assistance of about Rs 2.30 lakh crore for the phase.
Who is eligible
- Families from the Economically Weaker Section (EWS), with annual income up to Rs 3 lakh.
- Low Income Group (LIG), with income from Rs 3 lakh to Rs 6 lakh.
- Middle Income Group (MIG), with income from Rs 6 lakh to Rs 9 lakh.
- The family should not own a pucca house anywhere in India.
- Families who already benefited under a central or state housing scheme in recent years are generally not eligible.
Priority is given to groups such as widows, single women, persons with disabilities, senior citizens, transgender persons, SC, ST and minority families, and street vendors, artisans and construction workers.
Four verticals
- **Beneficiary Led Construction (BLC):** help for EWS families to build a house on their own land.
- **Affordable Housing in Partnership (AHP):** flats built by states, cities or private builders for EWS families.
- **Affordable Rental Housing (ARH):** rental homes for migrant workers, working women, students and others.
- **Interest Subsidy Scheme (ISS):** interest subsidy on home loans for EWS, LIG and MIG families.
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How much help
Under BLC and AHP, the official guidelines provide assistance of up to Rs 2.5 lakh per unit, shared between the Centre and states. Under ISS, eligible borrowers can get a 4 percent interest subsidy on the first Rs 8 lakh of a loan up to Rs 25 lakh, for houses valued up to Rs 35 lakh, with the subsidy capped at Rs 1.80 lakh and released in instalments.
How to apply
- Visit the official PMAY Urban website, pmay-urban.gov.in.
- Choose the option to apply for PMAY-U 2.0.
- Check eligibility and enter Aadhaar details.
- Fill income, family and address details and submit.
- Note your application number. Urban local bodies verify the application.
Applications for ISS can also be made through banks and housing finance companies.
Beware of fraud
Applying is free. Do not pay agents who promise approval.
Bottom line
PMAY-U 2.0 offers urban families several routes to a home. Check your eligibility and apply only on official channels.
Source / स्रोत: PMAY Urban, Ministry of Housing and Urban Affairs, Ministry of Housing and Urban Affairs, Press Information Bureau
