PMAY Urban - Check PMAY Urban List

A Central government-run housing scheme, PMAY-Urban’s primary objective is to provide ‘Housing for All (HFA)’. Through this scheme, the government aims to ensure that every resident of India in urban areas enjoys housing facilities. To date, the scheme has sanctioned houses worth ₹118.63 Lakhs, out of which houses worth ₹79.26 Lakhs have been completed.

The PMAY-Urban scheme has many features, such as: 

• Beneficiaries can get a subsidy of up to 6.50%

• Beneficiaries can use the loan to service the expenditure of building or purchasing a home

• The loan repayment period can range up to 20 years

• Senior citizens, women, and differently-abled people are given priority

• Authorities ensure that the housing units are built using sustainable, eco-friendly technology

• Houses built under the scheme include utilities such as water, gas, and electricity

Here are the requirements that beneficiaries must meet:

• The family should consist of a husband, wife, and unmarried kids

• None of the family members must own pucca homes within the country

• Beneficiaries should not have availed of any government-driven housing scheme

• When applying for the loan, the beneficiary must disclose the Aadhaar number of every family member

• A married couple can avail a single home while acting as joint owners

• Adult earning members of the household are considered separate entities