Good news for homebuyers! The Pradhan Mantri Awas Yojana (PMAY) has been extended till December 2025, allowing more families across urban and rural India to benefit from affordable housing.
Since its launch in 2015, the scheme has helped build over 92.61 lakh homes for those from economically weaker sections (EWS), low-income groups (LIG), and marginalised communities.
PMAY Structure
The scheme consists of two segments:
- PMAY-Urban (PMAY-U) – for urban families
- PMAY-Gramin (PMAY-G) – for rural families
Who Can Apply?
For PMAY-Urban (PMAY-U):
Applicants must not own a pucca house in India and must fall under eligible income groups:
- EWS (up to ₹3 lakh)
- LIG (₹3–6 lakh)
- MIG-I (₹6–9 lakh)
Other eligible applicants include daily wage workers, rickshaw pullers, women (especially widows) from EWS/LIG backgrounds, and individuals from SC/ST/OBC or minority groups.
For PMAY-Gramin (PMAY-G):
Rural families listed under the SECC are preferred—especially those living in kutcha homes with up to two rooms.
Not eligible if owning:
A pucca house, four-wheelers, farming machinery, taxable income, or luxury assets.
What’s New in PMAY-U 2.0?
The upgraded version of PMAY-U offers financial assistance to help urban families construct, purchase, or rent homes at affordable prices. It includes four core components:
- Beneficiary-Led Construction (BLC): For those building homes on their own land
- Affordable Housing in Partnership (AHP): Joint projects with government or private entities
- Affordable Rental Housing (ARH): Targeting urban poor and migrant workers
- Interest Subsidy Scheme (ISS): Reduces interest rates on home loans
How to Apply for PMAY
Online:
- PMAY-U: pmaymis.gov.in
- PMAY-G: pmayg.nic.in
Offline:
Visit a Common Service Centre or authorised PMAY bank with documents and pay a small fee.
Documents Required
- Aadhaar card (for self and family)
- Income proof (salary slips, tax returns, bank statement)
- Proof of residence (utility bills, rent agreement, etc.)
- Bank passbook or statement
- Property documents (if any)
- Affidavit declaring no ownership of a pucca house
- For PMAY-G: MGNREGA job card and SBM number
Tracking Your PMAY Application
Applicants can check the status of their application and housing progress under the ‘Citizen Assessment’ section available on both PMAY websites.
Final Note:
New Modern Buildwell Pvt. Ltd. is committed to developing affordable, functional homes where communities can grow. With a focus on quality and value, the company offers well-planned affordable flats in Prayagraj—ideal for those looking to buy or invest in property in the region.
Source: https://www.businesstoday.in/personal-finance/real-estate/story/pm-awas-yojana-deadline-extended-till-dec-2025-check-who-are-eligible-to-apply-476940-2025-05-20
