To accomplish the goal of giving "Housing to All", the Government of India carried out the rustic lodging plan, Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) with impact from 2015. The program conceives the culmination of 2.95 crore PMAY-G houses with all fundamental conveniences until 2024. As on 21st February 2022, a sum of 1.73 crores Pradhan Mantri Awas Yojana (PMAY-G) houses have been finished against the designated total objective of 2.62 crore houses.

Execution of Pradhan Mantri Awas Yojana (PMAY) Scheme

Under Pradhan Mantri Awas Yojana when the application of specific execution changes, the Government targets working on the speed and nature of houses development, guaranteeing ideal arrival of assets to recipients, direct exchange of assets to recipient’s records, specialized help to recipients All of these steps are mentioned in the MIS-AwaasSoft and AwaasApp. The Scheme is being carried out and observed through start to finish e-governance arrangements, AwaasSoft and AwaasApp.

As we understand that the scheme was launched in 2016 and since then the endeavors are being taken to make the product easier to use. New ideas have been noted to the product for making it more available and keeping up with straightforwardness in the execution of the program. The significant drive taken by the Ministry with regards to presenting new modules in the Awaassoft are, for instance, Landless Module, Convergence module, E-tagging framework, Aadhaar Based empowered monetary transaction and so on.

Who is Eligible?

There are five types of categories who can apply for the Pradhan Mantri Awas Yojana. In this section, the reader will be able to understand if he/she is eligible to apply for this generous scheme run by the government.

1. Slum Dwellers: A slum is defined as the region where 60 to 70 families or around 300 individuals stay in inadequately assembled homes. The climate of these areas is unhygienic, and they need legitimate framework, drinking water and disinfection offices. These individuals can apply for the Housing for All by 2022 Scheme under the Pradhan Mantri Awas Yojana.

2. EWS, MIGs and LIGs: The three components that include Economically Weaker Sections (EWS), Lower-Income Groups (LIGs) and the Middle-Income Groups (MIGs) are allowed to apply for this scheme.

The below table depicts the category wise maximum annual income according to the government guidelines:

Advantages of the Pradhan Mantri Awas Yojana

Housing to everyone: Probably the best benefit of Pradhan Mantri Awas Yojana is that it plans to give super durable houses to everybody. Under this program, the public authority plans to move toward 2 crores at a reasonable cost of 1 BHK in a portion of India's notable metropolitan regions. Housing development has begun in the territories of Maharashtra, Tamil Nadu, West Bengal, and different nations. The Indian government needs to work on the way of life of the Indian public and destroy destitution through these houses.

Woman empowerment: One more enormous advantage of Pradhan Mantri Awas Yojana is that it urges ladies to apply for advances and become property holders. As per the framework plot, assuming a wedded man applies for a loan, he should enroll his significant other as the candidate for the credit, even though she plays no part in financing the property buy. This is done to get a woman’s monetary future, particularly when they are old and bereft.

Improved Infrastructure: The Pradhan Mantri Awas Yojana has made sure that the nation’s infrastructure is improved. If the government can reach the target they have set for themselves, then the public will witness a different environment within a decade. Sectors like construction, Impex and tourism are also getting a boost.

Shortcomings of the Pradhan Mantri Awas Yojana

Limitation to the credit linked: As indicated by the Pradhan Mantri Awas Yojana, Credit Linked rules the interest endowment of 6.5% will be given to individuals falling under in reverse classes or financially more vulnerable groups. In any case, the endowment isn't for everyone living under these areas. Government has drawn a line of 6 lakhs rupees credit to get this endowment.

Must Read : Credit Linked Subsidy Scheme Under Pradhan Mantri Awas Yojana

Size limitation: Now this is where the difference comes in depending on what class the individual falls in. AS we discussed in the former section, as of today, there are 2 kinds of classes that include: Economically Weaker Sections (EWS), Lower-Income Groups (LIG) . Below table depicts the carpet area considered for all these groups separately:

Time stamp: Another limitation of the Pradhan Mantri Awas Yojana is the tenure time. This must be considered while an individual looks for the loan. What needs to be kept in mind is that the tenure will be 15 years only if the loan amount is less than or equal to 6 lakhs.

Conclusion

After looking at all the aspects involved in the Pradhan Mantri Awas Yojana (PMAY-G), the reader should beware about the pros and cons of the scheme in line with their own situation. It is imperative for the individuals to do their own research before taking any kind of step. The government of India is working towards building a better nation. It is the duty of the public to advertise such schemes in villages and backward areas as there is lack of education on such topics. Government has high hopes with Pradhan Mantri Awas yojana (PMAY-G) and expanding the team, interest, education, income and infrastructure has been the main focus since the initial days.

Must Read : Top Reasons for Not Receiving PMAY Subsidy on Home Loan