Pradhan Mantri Awas Yojana Maharashtra

Maharashtra is one of the most crowded places in India, which is why you may observe that renting a property in Maharashtrian cities costs a fortune. Towns like Navi, Mumbai, and Thane are experiencing an all-time high inflation rate in rental rates of 18%, suggests a report by the Times of India. On the other hand, in cities like Pune, the same is reported to be 7%.

Due to this, the cost of accommodation in any city in Maharashtra is at its peak. Situations like this make sense for constructing or purchasing a home of your own, as it may allow you to save some money in the long run. However, it is not that easy to buy or construct a property of your own in Maharashtra unless you have an Ample amount of money available at your disposal.

Fortunately, to help you fulfill your dream of owning a home of your own, the government of India has launched the Pradhan Mantri Awas Yojana initiative to provide affordable housing for the citizens of India. In this blog post, we will discuss the Pradhan Mantri Awas Yojana in Maharashtra, How it can benefit you, and what are the ways you can apply for it. So make sure you read on.

Pradhan Mantri Awaas Yojana in Maharashtra's Cities

In an attempt to reach out to most people in need, the Maharashtra housing and area development authority has taken charge of the initiative in the state. The authority aims to identify various locations spread throughout the state and build affordable housing in these areas under the scheme. Different prominent places have significantly benefited from the Pradhan Mantri Awas Yojana in Maharashtra, such as Navi Mumbai, Thane, Panvel, Ambarnath, Badlapur, Dombivli, Ulhasnagar, Karjat, Kalyan, and Mumbai. Ongoing housing projects are being developed in these areas to help the underprivileged communities in Maharashtra.

Ongoing Projects Under The Pradhan Mantri Awas Yojana List in Maharashtra

The prime minister awas yojana in Maharashtra and looks forward to developing 19.2,00,00 affordable housing properties in over 382 cities located across Maharashtra by the end of 2022. Moreover, to speed up the development process, the Maharashtra housing and area development authority has also tied up with private landowners to be able to develop these projects in the urban areas of Maharashtra as well. The initiative successfully created around 850 housing projects by the end of July 2019, in which over 9,85,591 units were sanctioned all across Maharashtra. The cost of this project is estimated to be Rs.87,265 crores, out of which 3,69,525 units are still being constructed, and 2,21,687 units have already started accommodating citizens in need. 

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What are The Eligibility Criteria for Pradhan Mantri Awas Yojana in Maharashtra

To become a beneficiary of the Pradhan Mantri Awas Yojana in Maharashtra, you need to be a part of one of the four economic categories per your annual household income. Depending on how much money you make in a year, you may qualify for the scheme if you lie in any of the below-mentioned economic groups:

• Suppose you want to qualify as a beneficiary of the scheme under the Economically Weaker Section of the Low Economic Group. In that case, your annual household income needs to be less than Rs. 6 lakhs.
• In order to qualify for the scheme under the Middle Income Group, your annual household income needs to be more than six lakhs but less than 12 lakhs
• You may be able to qualify as a beneficiary for the scheme under the Middle Income Group II if your annual household income exceeds Rs. 12 Lakhs but is less than Rs. 18 Lakhs

Apart from your annual household income, there are specific other criteria you need to fulfill to be eligible for the Pradhan Mantri Awas Yojana in Maharashtra. Here are the two most important criteria that you must fulfill to become a beneficiary of the scheme:

• Neither you nor your family should be a part of any other housing scheme led by the Government of India
• You should not be an owner of a pucca house in any part of the country whatsoever

Keep in mind that a household is likely assumed to have a spouse and unmarried children in Pradhan Mantri Awas Yojana. This means you can still be eligible for the benefits of the scheme even if your parents already own a home. As you will still be a first-time homeowner, you can enjoy the benefits of this scheme. However, in case you have dependent parents who own a house, you won’t be able to take part in this scheme and enjoy the benefits it provides.

Features of the Pradhan Mantri Awas Yojana in Maharashtra

The Pradhan Mantri Awas Yojana is made for the betterment of the underprivileged sections of the nation. It offers various prominent features, including but not limited to:

• The scheme provides a subsidy on the interest of up to Rs. 2.67 lakhs alleviated on home loans taken to purchase a property under the scheme. You can even choose to get a property constructed and avail the same subsidy for that too. The subsidy can be claimed for up to 20 years, and in case the tenure of your home loan exceeds the timeframe, you will not be able to claim any subsidy for the remaining tenure of your home loan.
• If you take a home loan of up to Rs. 6 lakhs as a beneficiary of the scheme as a part of the economically weaker section of the society, earning an annual household income of Rs. 6 lakhs or less, then you can avail yourself a subsidy of 6.50% on the interest accumulated.
• For home loans of up to Rs. 9 lakhs under the PMAY scheme, you will be able to gain a subsidy of 4% on the interest accumulated if your annual household income is less than Rs. 12 Lakhs and you’re a part of the MIG I category.
• A subsidy of 3% on the interest accumulated on home loans of up to Rs. 12 lakhs under the scheme can be availed if your household earns an annual income of up to Rs. 18 lakhs and falls under the MIG II category.

In addition, the Pradhan Mantri Awas Yojana also gives preference to people belonging to SC/ST, OBC, other minority groups, and women. For certain sections of society, moreover, the scheme makes it mandatory for women to take part in the ownership of property in order to promote equal rights.

Senior citizens and disabled people are also given preference under this scheme who can choose to get ground floor accommodation. Moreover, all the housing projects constructed under the Pradhan Mantri Awas Yojana are made out of eco-friendly materials and sustainable practices.

How Can You Apply for Pradhan Mantri Awas Yojana in Maharashtra?

After ensuring that you meet the eligibility criteria for the scheme, you can consider applying for it by following the steps given below:

• First of all, you have to identify the category in which you qualify for the PMAY scheme. Determine whether you’re someone who lives in slums, someone who doesn’t own a piece of land, or someone with no financial means to get a home loan.
• Then, launch a browser and head to pmaymis.gov.in.
• On the website, navigate to the main menu and choose the Citizen Assessment option and select a relevant category.
• You will be redirected to a new page where you have to enter your Aadhar details.
• Then, just fill out the scheme application by providing relevant details such as your income, residential address, bank details, and more.
• Once you’ve filled in the required details, solve the captcha and submit the application.

You can also track the status of your application by clicking on the “Track your assessment status” option in the menu.

Pradhan Mantri Awas Yojana Beneficiary List Maharashtra

To determine whether your name is featured on the beneficiary list of the scheme or not, you can follow the steps given below:

• Access the official website of Pradhan Mantri Awas Yojana and navigate to the Search Beneficiary section
• There, choose the Search By Name option and enter your Aadhar number
• Then, click on the show button to reveal the beneficiary list

Final Words

The Pradhan Mantri Awas Yojana is a very helpful initiative by the Government of India that aims to enhance the welfare of the underprivileged sections of society. We hope this article helps you understand more about the scheme and identify whether it is something of your interest or not.

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