Pradhan Mantri Awas Yojana established with an objective of affordable housing for all by 2022. It is focused that the benefits of the scheme are enjoyed by women, economically backward groups of Indian society and the Scheduled Castes and Scheduled Tribes.
You will need to belong to Economically Backward calls, lower income group, or minority community to get the benefits under PMAY. Women of lower castes will also be addressed through this system.
Economically weaker section
Certain people have priority in PMAY. Economically backward sections of the society and women are set to be the primary beneficiaries of this scheme. You have to provide enough proof that you belong to the economically weaker section of the society. Households with an annual income Up to Rs. 3 lakh will be defined under EWS. The government defines EWS and LIS categories according to this criteria.
Low Income Group or LIG people are eligible to get benefits under PMAY. To get classified under LIG you will have to prove that your annual household income is between Rs 3 lakh and 6 lakh.
MIG 1 stands for Medium Income Group 1. If an individual is earning less than Rs 12 lakhs per year, he or she can get a loan up to Rs 9 lakhs.
A person is earning less than Rs 18 lakh come under Medium Income Group 2. The MIG 2 member can get a loan up to Rs 12 lakhs.
The persons belonging to the minority communities such as the SC/ST or OBC will have to provide adequate provide their caste certificates to enlist themselves for PMAY.
Women are the majority who are targeted through this scheme. Women who either belong to the minority communities or EWS or LIG will also be considered to be eligible for PMAY.
A person can be a beneficiary of PMAY with a family and children. The children should be unmarried. The age of the individual must not exceed 70 years. To eligible for this scheme, there should not be any house under his or her name or in the name of any of the members of his or her family.
According to a component of the scheme, the carpet area of the houses being made for the EWS would be of about 30 sqm while the carpet area for the houses being built for the LIG will be of 60 sqm. For MIG 1 it will be 90sqm and MIG 2 110 sqm.