PM Awas Yojana List | P M A Y List


Pradhan Mantri Gramin Awas Yojana List | Pradhan Mantri Yojana List

on 15 May 2019, 10:30 AM
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"Home for All" by 2022 is the commitment made by the government of India having an objective that by the time Nation complete 75 decades of Independence, each houseless and family living in foreclosed homes have a pucca house. In order to attain this aim, there is a need to create an enabling environment, especially in rural areas so the people living in rural areas can construct a pucca house with all basic amenities with ease. Among the simple requirement to achieve this goal is to ensure that the men and women in rural areas have access to economical and decent institutional finance required for the building of a house.

The scheme provides financial assistance to households living in rural areas who are houseless or living in no time, or two-room kutcha houses as per Socio-Economic caste census (SECC) 2011 information in confirmed by Gram Sabha.

The strategy envisages loan to rural household and subsidized interest rate to allow them to structure / modification of their dwelling unit.


  • Any rural home which does not appear/ figure on the permanent wait list for Pradhan Mantri Awaas Yojana- Gramin (PMAY-G), will probably be considered an eligible beneficiary under RHISS.

  • Scheduled commercial banks, Housing Finance Companies, Regional rural banks, state cooperative banks, urban cooperative banks, little fund banks, non-banking financial business, Micro Finance Institutions, or some other Institutions as may be recognized from the central nodal agency and accepted by the Ministry of Rural Development.

  • The scheme provides financial assistance of Rs 1.20 lakh in Plains and 1.30 lakh in hilly States, difficult areas and incorporated Action Plan districts, using a supply for convergence of resources for the construction of individual household latrine,s. In addition, 90-95 person times of MANREGA unskilled wage component is also supplied for building of the home. To ensure that assistant is targeted at those are really deprived and that choice is verifiable and objective, home deprivation parameter in the SECC information is used for identifying family that's later confirmed by the gram sabha.
  • To be able to understand the objective of"Housing for All" from 2022, it's pertinent to make sure that sufficient resources are made accessible to these families which have yet to be covered under PMAY-G. To address their needs, the Ministry of Rural Development is starting the rural home interest subsidy strategy to supply easy accessibility to an institutional loan to all such needy homes for construction/ modification of their dwelling units.
  • The RHISS will become effective from the date of operationalization of this plot guidelines and is geared toward providing assistance to a household in rural areas to build houses or change their current dwelling units.

  • RHISS will pay for whole India, excluding the statutory towns according to Census 2011 and towns notified subsequently for coverage under PMAY (urban).
  • RHISS will provide support for alteration of existing dwelling and construction of pakka houses as per the eligibility criteria defined above with basic Civic infrastructure such as water, sanitation, power, etc..

  • The interest subsidy will be at the rate of 3% on the principal amount of the loan for the lien, as well as the subsidy shall be admissible for a maximum loan amount of 2 Lakh, despite the quantum of housing loan, for 20 years or full length of the loan, whichever is less. In case the quantum of housing loan, however, is significantly less than 2 lakh, the subsidy will be calculated based on the actual amount of the loan.
  • pardhan-mantri-awas-yojna-interest-rate
  • The net present worth of subsidy will be calculated based on a notional reduction rate of 9% for the period of the loan and interest chargeable at the time of the loan is contracted, the upfront subsidy will be discharged to the key lending institution.
  • The NPV of interest subsidy given to the PLI will be deducted from the principal loan amount of the lien, that will then have to pay attention to the PL I at an arrangement documented speed, floating or fixed on effectively reduced housing loan for the entire duration of their loan. The agreed documented rate that the beneficiary will have to pay may differ from bank to bank.

  • Interest subsidy will be accessible only for home loan numbers indicated 3 over an additional quantity of home loan past the above-specified limit, if any, will be at non-subsidized rate.
  • The net present value of the interest subsidy will be credited upfront to the housing loan accounts of beneficiaries through principal financing Institutions leading to low effective housing loan at equated monthly installment.
  • National housing lender was identified as Central bureau to channelize the subsidy into the lending Institutions and for tracking the progress. Ministry might be advised other associations as CNA in future.
  • CNG is going to be responsible for ensuring appropriate implementation and monitoring of this strategy and will set up an appropriate mechanism for the purpose. CCNA will offer periodic tracking inputs to the Ministry of Rural Development through regular quarterly and monthly reports or as required by the Ministry.

  • Beforehand for subsidy payment will be released to CNS and the start of the scheme. Subsequent amount of interest subsidy will be published to CNS following 70% use of sooner amounts, on a quarterly basis, and according to utilization and user certificate submitted by PSIs two CNAs, as per prescribed format.
  • Based on the loan payable with a PLI into RHISS beneficiaries, this will discharge the Subsidy amount to PLIs directly depending on the claim filed on the total loss disbursed.
  • NPV of the interest subsidy will be credited by the PLI to the bank account upfront by deducting it from the principal loan amount of the beneficiary. The beneficiary will cover EMI as per lending rates on the remainder of the principal amount of the loan.
  • 0.25percent of total fund disbursement from the CNA to this PLIs will be paid to the CNA because of their administrative expenditures
  • PLIs will not require any processing charge by the beneficiary under the scheme.