THE Pradhan Mantri Awas Yojana is an ambitious initiative of the Government to provide shelter to the poor and weaker section of our society. “Pradhan Mantri Awas Yojana is a significant step in making the dreams of the poor come true” are the Prime Minister’s words. While the PMAY aims at achieving shelter for everyone by 2022 through various schemes, one of the key components of the scheme is the Credit linked subsidy which offers subsidy on home loans for different sections of the society.

The benefits of the scheme is available only for those who don’t own a home and fall under certain income category classification.

EWS — Economically Weaker Section: The annual household income should be upto Rs. 3 Lakhs

LIG — Low Income Group: The annual household income under this category should be above Rs. 3 Lakhs and upto Rs. 6 Lakhs.

MIG — Medium Income Group: This groups is further classified into two categories MIG 1 and MIG 2. MIG 1 includes those with the annual household income above Rs. 6 Lakhs and upto Rs. 12 Lakhs.
MIG 2 includes those with an annual household income above Rs.12 Lskhs and upto Rs. 18 lakhs.

All the above benefits can be availed only upon producing necessary proof to ascertain claims. Apart from the above classifications based on annual household income below are certain classifications under which a subsidy claim can be established.

Minority Groups: Those who belong to minority groups like Schedule Caste, Schedule Tribe and Other Backward Classes(OBC) are considered under the Prime Minister Awas Yojana Scheme. Those claiming under this category should provide necessary caste certificate and income proof.

Women: Consideration is provided to women who apply under the PMAY scheme and belong to the EWS/LIG category.

Eligibility Criteria:

EWS