The NDA government introduced a futuristic scheme in June 2015 which made it possible for people of mid and low income groups as well as those belonging to economically weaker sections of the society to own a home by the year 2022. Through this scheme the government is constructing affordable homes with the help of eco-friendly construction material. However, the government has devised strict eligibility criteria for allocating the houses in order to ensure transparency and to make the scheme available to the right population. Individuals who are found eligible may purchase a house under the Pradhan Mantri Awas Yojana Scheme. Let’s look at the eligibility criteria for this scheme.
Who is eligible for the scheme?
Based on the Socio-Economic Caste Census of 2011, the Indian government will create a list of beneficiaries by consulting the tehsils and village panchayats in order to ensure that the PMAY scheme is only afforded to deserving individuals. These individuals are broadly divided into six groups. They are as under:
Economically Weaker Sections (EWS): These are individuals whose annual household income is below ₹3 lakhs. Such applicants must provide proof of income to benefit from the scheme.
Light Income Group (LIG): Individuals earning an annual household income above ₹3 lakhs but under ₹6 lakhs may also apply for the scheme. They must also be able to furnish the relevant income proof to qualify for the scheme.
Medium Income Group 1 (MIG1): There are the individuals earning an annual household income under ₹12 lakhs. Applicants who belong to this category may avail home loans amounting to ₹9 lakhs in order to construct a house.
Medium Income Group 2 (MIG2): There are the individuals earning an annual household income above ₹12 lakhs but under ₹18 lakhs. Applicants who belong to this category may avail home loans amounting to ₹12 lakhs in order to construct a house.
Women: Women holding Indian citizenship and belonging to EWS or LIG categories are also considered eligible for the Pradhan Mantri Awas Yojana scheme.
Minorities: This group includes individuals belonging to scheduled castes, scheduled tribes and other back-ward groups. Such individuals must also provide their income details and caste certificates to be eligible for the scheme.
Apart from belonging to one of the six above mentioned categories, for an individual to be eligible for the scheme he/she should broadly:
- Be earning an annual household income between ₹6 lakhs and ₹18 lakhs. Applicant may include their spouse’s income to the total household income to qualify for the scheme.
- Be a beneficiary, intending to purchase or construct a new house. Individuals who already own a home are not eligible for this scheme.
Not have any member from the immediate family owing a ‘pucca’ house anywhere in the country to avail the PMAY housing for all scheme.