The Pradhan Mantri Awas Yojana (PMAY) is a major scheme of the Government of India, which aims to provide firm houses to every citizen of the country. Under this scheme, financial assistance is provided to the families of the economically weaker section (EWS), low income group (LIG) and Middle Income Group (MIG). The first, second and third installments have been transferred under this scheme on 20 February 2025. In this article we will give you complete information about this scheme, such as details of installments, eligibility, application process and other benefits.
Introduction to Pradhan Mantri Awas Yojana (PMAY)
The Pradhan Mantri Awas Yojana was launched in 2015. Its objective is to provide pucca houses to the poor in urban and rural areas at an affordable rate. There are two main parts of this scheme:
- PMAY-UBAN (PMAY -U): for urban areas
- PMAY-Gramin (PMAY-G): For rural areas
Under this scheme, financial assistance of up to Rs 2.5 lakh is given to the beneficiaries. Both the central government and the state government contribute to this.
Brief details of PM Housing Scheme
| Speciality | Description |
| Name of the scheme | Pradhan Mantri Awas Yojana (PMAY) |
| Launch year | 2015 |
| Target | “Housing for all” by 2024 |
| Beneficiary class | Eves, Zombies, Me |
| Subsidized rate | 3% to 6.5% |
| Maximum financial assistance | ₹ 2.67 million |
| Number of installments | Three (first, second, third) |
| Installment distribution date | 20 February 2025 |
Details of installments and transfer process
Under the Pradhan Mantri Awas Yojana, the beneficiaries are given funds in three installments:
- First installment: Application is given when approved.
- Second installment: Half of house construction work is completed.
- Third installment: When the house is fully built.
Install distribution process:
- The amount is directly transferred to the bank account of the beneficiaries.
- State governments and local bodies ensure that construction work is completed on time.
Eligibility criteria
There are the following eligibility criteria to take advantage of this scheme:
- There should not be a pucca house in the name of a member in the family.
- Annual Income:
- EWS: up to ₹ 3 lakhs
- LIG: ₹ 3 lakh to ₹ 6 Lakh
- MIG-I: ₹ 6 lakh to ₹ 12 Lakh
- MIG-II: ₹ 12 lakh to ₹ 18 lakhs
- House registration in the name of female member is mandatory (where possible).
- Aadhaar card mandatory.
Application process
Online application:
- Go to the official website of Pradhan Mantri Awas Yojana.
- Choose the “Citizen Assessment” option.
- Enter the Aadhaar number and fill the form.
- Submit the application and note the receipt number.
Offline application:
- Apply by visiting the nearest Common Service Center (CSC) or Municipal Corporation office.
Benefits of PM Housing Scheme
- Affordable interest rate: subsidy up to 6.5% on home loan.
- Financial Assistance: Assistance of up to ₹ 2.67 lakh.
- Women Empowerment: Priority to House Registration in the name of women members.
- Environmentally friendly construction: using durable construction materials.
How to check your installment status?
Beneficiaries can check the status of their installment in the following ways:
- Go to the official website and select the option “Track Your Application Status”.
- Enter the application number or Aadhaar number.
- The status will appear on the screen.
FAQS: General questions related to PM Housing Scheme
1. Can I take advantage of this scheme if I already have a house?
No, this plan is only for those who do not already have any pucca houses.
2. How much subsidy is available?
The subsidy range from 3% to 6.5% depending on the income group.
3. Can women apply alone?
Yes, women are given priority.
4. Do urban and rural areas have different benefits?
Yes, PMAY -U is for urban areas and PMAY-G rural areas.
conclusion
The Pradhan Mantri Awas Yojana is proving to be a boon for poor and middle class families. Transfer of first, second and third installments on 20 February 2025 shows that the government is working rapidly towards meeting its “housing for all” targets.
Disclaimer:
This article is written only for the purpose of providing information. Please get accurate information by contacting the official website or the concerned department.
