The Pradhan Mantri Awas Yojana (PMAY) is a scheme introduced by the Government of India to provide housing facilities to citizens by 2022. Through the Credit Linked Subsidy Scheme (CLSS) under PMAY, the beneficiaries can enjoy a subsidy of up to 6.5% on home loan. You can apply for a PMAY scheme online or offline. However, you need to submit some supporting documents to process your application.
Following is a detailed list of documents that are required to apply for the PMAY scheme
PMAY |
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Identity Proof |
Address Proof |
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There are criteria with respect to income, that need to be fulfilled to avail the PMAY scheme.. Ideally, applicants belonging to the following income group fall under the PMAY eligibility criteria-
PMAY Eligibility Criteria |
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Economically Weaker Section (EWS) |
Annual income less than INR.3 lakhs |
Low-Income Group (LIG) |
Annual Income up to INR.6 lakhs |
Mid-Income Group (MIG) |
Annual Income up to INR.12 lakhs (MIG1) Annual Income up to INR.18 lakhs (MIG 2) |
Therefore, in order to prove that you fall into either of the income categories, it is vital that you have proper income documents to support your claim.
The following documents can be used as income proofs for your PMAY eligibility-
PMAY Income Proof |
● Latest Income Tax Returns along with detailed computations of the income tax filings for the previous two financial years ● Salary slips from your employment (for the past 6 months) ● In case of own business, detailed balance sheet as well as profit and loss statements ● Business account log certified and audited by a CA ● Account Statements of the past 6 months |
The Pradhan Mantri Awas Yojana also makes provision for applicants belonging to Scheduled Class, Scheduled Tribes, Widows, Senior Citizens, etc. Hence, the following documents might be asked for them
Age Proof- Birth Certificate, School Leaving Certificate, Aadhar Card, Passport, etc
Marriage Certificates
Death Certificate of Spouse – In the case of widows
To check other details for Pradhan Mantri Awas Yojana Eligibility, get in touch with our financial experts at Finserv Markets. If you wish to calculate your EMI before applying for a Home Loan, you can do it using the Home Loan EMI Calculator.. Apply for a Home Loan only on Finserv MARKETS. The benefits include smooth online process, minimal documentation, flexible repayment tenure and much more.. To avail a pmay subsidy on your Bajaj Finserv Home Loan, visit Finserv Markets today!
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Your dream of owning a home need not wait!, Pradhan Mantri Awas Yojana (PMAY) along with Finserv MARKETS will make your dream come true And the best part! With PMAY scheme, you can get a significant subsidy on your Home Loan interest amount.
The PMAY scheme main objective is to provide housing for all. Therefore, all those who already own a home or any of their family member own a home, are not eligible for the scheme. An eligible beneficiary family will comprise of husband, wife, unmarried children.
Generally, it takes 3-4 months for PMAY, you will get access to all the details related to the PMAY process.
Assessment Id is a unique number generated when you apply for PMAY scheme. By using this ID, you can track the application status. After applying for a PMAY Home Loan at the bank or any other lending institution, as a customer you will receive the assessment ID.
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