Objective of PM Housing Scheme
The main objective of the Pradhan Mantri Awas Yojana program is to provide financial assistance to poor and economically weak families to build their own permanent house. Both rural and urban citizens can benefit from this scheme, with the aim of fulfilling the dream of owning a permanent house for millions of people. The scheme ensures equal benefits for people from all areas, providing assistance to those who lack a permanent residence.
Benefits of Pradhan Mantri Awas Yojana
The Pradhan Mantri Awas Yojana offers significant benefits to poor families in the country by providing financial assistance for building a permanent house. Rural beneficiaries receive an assistance amount of Rs 1.30 lakh, while urban beneficiaries receive Rs 2.50 lakh. Special consideration is given to families with women as the head, and the scheme also helps families living in slums. By prioritizing the housing needs of these vulnerable groups, the program aims to uplift marginalized communities.
Eligibility for PM Housing Scheme
To be eligible for the Pradhan Mantri Awas Yojana, applicants must meet certain requirements such as being a native of India, not owning any pucca house or land, not having income tax payers or government job holders in the family, and not owning a four-wheeler. Meeting these criteria enables applicants to easily apply for the scheme and avail its benefits, thus providing an opportunity for families in need to secure housing.
Documents required for PM Housing Scheme
Applicants are required to submit various documents for the Pradhan Mantri Awas Yojana application, including Aadhaar card, PAN card, bank account details, income certificate, address proof, ration card, mobile number, and passport size photo. These documents are essential for verifying the eligibility and identity of the applicants, ensuring that the benefits reach the intended recipients seamlessly.
Benefits and Features of PM Housing Scheme
Under the Pradhan Mantri Awas Yojana, eligible citizens can avail loans for up to 20 years at a low interest rate of 6.50%. Specific groups like Divyangjan or senior citizens are offered loans at even lower rates, making housing more accessible to vulnerable populations. Additionally, individuals in plain areas can receive assistance up to ₹120,000, while those in hilly areas can get up to ₹130,000, with additional assistance provided for building bathrooms in the houses.
