Do You Know About PMAY And Its Eligibility Criteria Tracking Process?

The Pradhan Mantri Awas Yojana (PMAY) is an ambitious housing scheme of the Central Government initiated by PM Narendra Modi in 2015. 

If you don’t have any pucca home anywhere in India, you have the required PMAY eligibility to apply. 

You and your family’s annual income should also be up to Rs.18 lakh to apply. Tracking the PMAY eligibility is also easier. 

Let’s check out this post!

A quick look at the PM Awas Yojana eligibility norms 

1. You can land on the PMAY website, where there is a pre-declared PMAY status list. You can search for your name in it using your Aadhaar number on the ‘Search Beneficiary’ tab. And doing this will let you know your PMAY eligibility. 

2. Once done, you can apply for Pradhan Mantri Awas Yojana in Maharashtra or elsewhere on the official portal. Download the form from the ‘Citizen Assessment’ tab, fill in the details asked for and attach documents proof. 

3. Now, you can apply for the Pradhan Mantri Awas Yojana with a lender and attach your PMAY form with it. You can always apply for a large amount above the subsidized amount of up to Rs.12 lakh. The only thing is that you won’t get subsidy benefits on an amount more than the figure. The non-subsidized home loan amount will be given at a higher rate. Post this, your housing loan application is processed, verified and checked along with the PMAY status. If everything is good to go, you will get the subsidized part of the home loan credited to your bank account. It will be available under the Pradhan Mantri Awas Yojana scheme by the Government within 3-4 months. 

Based on your income groups, you will be able to enjoy an interest subsidy of up to 6.5% to an amount of up to Rs.2.67 lakh. 

This way, you can save big and start paying lower EMIs.      

Read Also: Important Pointers to Note About Pradhan Mantri Awas Yojana  

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Steps to check your name in PMAY List 2021

The Pradhan Mantri Awas Yojana is a beneficial scheme initiated by the Indian Government. It allows intending homebuyers to avail CLSS home loans and other benefits. 

However, borrowers must note that they will receive an application number after applying successfully. This registration number is needed while checking the PMAY list. 

Steps to check PMAY list

Eligible borrowers can follow the steps below to check their names on this list. 

For PMAY – Gramin 

Step 1- Visit the official website of PMAY - G

Step 2- Provide the registration number appropriately and click on “Submit”

After this process, all the essential details will appear if your name displays on the PMAY-G list.

If borrowers fall under urban category, follow the steps below:

For PMAY – Urban 

Step 1- Applicants should visit the official website of PMAY

Step 2- A “search beneficiary” menu will display on the screen. Then click on “search by name.”

Step 3- Input first three characters of borrower’s name

Step 4- Select on “show” button, and PMAY list will display on the screen

From this list, beneficiaries will get to know if their name is on the list or not. Every year after the submission of application, applicants are evaluated, and the new list is published. 

Borrowers must know that PMAY was formerly known as Indira Gandhi Awas Yojana (IAY). The IAY 2021 list is already published. After checking their names on this list, individuals can apply for a home loan under this scheme extended by HFCs at affordable rates and flexible terms.

Please note that it is mandatory for beneficiaries to have their names on the PMAY list to qualify for a home loan under this scheme. 

Hence, borrowers can avail the benefits under CLSS when they are chosen as beneficiaries under PMAY housing schemes in India.

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