Sarkari Awas Yojana

Empowering Homeownership: All You Need to Know About Sarkari Awas Yojana

Sarkari Awas Yojana, also known as Pradhan Mantri Awas Yojana (PMAY), is a government scheme launched to provide affordable housing to the economically weaker sections (EWS) and low-income groups (LIG) in India. The scheme was launched on 25th June 2015 by the Honorable Prime Minister of India, Narendra Modi. The aim of the scheme is to provide housing for all by the year 2023. The scheme offers various benefits such as interest subsidy, loan subsidy, and other incentives to the beneficiaries. In this article, we will discuss the various schemes under PMAY and their benefits.

List of Sarkari Awas Yojana:

  1. Pradhan Mantri Awas Yojana (PMAY) – Urban
  2. Pradhan Mantri Awas Yojana (PMAY) – Rural
  3. Affordable Rental Housing Scheme (ARHC)
  4. Credit Linked Subsidy Scheme (CLSS)
  5. Beneficiary-led Individual House Construction or Enhancement (BLC)
  6. In-Situ Slum Redevelopment (ISSR)
  7. Vertical Expansion of Existing JNNURM Projects (VEJP)
  8. Light House Projects (LHP)
  9. Greenfield Affordable Housing Projects (GAHP)
  10. Technology Innovation Grant (TIG)

Table of Sarkari Awas Yojana:

Scheme NameDescription
Pradhan Mantri Awas Yojana (PMAY) – UrbanThis scheme aims to provide affordable housing to the urban poor. The scheme offers credit linked subsidy scheme (CLSS) and interest subsidy on home loans for EWS and LIG categories. The scheme also provides financial assistance to the homeless and those living in unsafe houses.
Pradhan Mantri Awas Yojana (PMAY) – RuralThis scheme aims to provide affordable housing to the rural poor. The scheme offers financial assistance to construct or renovate houses in rural areas. The beneficiaries of the scheme are divided into two categories, namely, SC/ST and non-SC/ST.
Affordable Rental Housing Scheme (ARHC)This scheme aims to provide affordable rental housing to migrant workers, urban poor, and students. The scheme offers incentives to the private sector to construct and operate the rental housing complexes.
Credit Linked Subsidy Scheme (CLSS)This scheme provides interest subsidy on home loans to EWS, LIG, and Middle Income Group (MIG) categories. The interest subsidy is provided for a maximum of 20 years or the tenure of the loan, whichever is lower.
Beneficiary-led Individual House Construction or Enhancement (BLC)This scheme provides financial assistance to the beneficiaries for the construction or enhancement of houses. The scheme is implemented in rural areas and aims to provide housing to the homeless and those living in unsafe houses.
In-Situ Slum Redevelopment (ISSR)This scheme aims to provide housing to the slum dwellers by redeveloping the existing slums. The scheme offers financial assistance to the slum dwellers to construct new houses in the same location or nearby.
Vertical Expansion of Existing JNNURM Projects (VEJP)This scheme aims to provide additional housing units by vertically expanding the existing Jawaharlal Nehru National Urban Renewal Mission (JNNURM) projects. The scheme offers financial assistance to the states and union territories to implement the scheme.
Light House Projects (LHP)This scheme aims to construct houses using modern and innovative technologies. The scheme aims to build 1,000 houses in different parts of the country. The scheme also aims to showcase the benefits of using innovative technologies for construction.
Greenfield Affordable Housing Projects (GAHP)This scheme aims to construct affordable housing projects in new areas. The scheme offers financial assistance to the states and union territories to implement the scheme.
Technology Innovation Grant (TIG)This scheme aims to encourage the use of innovative technologies in the construction of houses. The scheme offers grants to the organizations or individuals who come up with innovative technologies for the construction of houses.

Conclusion:

Sarkari Awas Yojana is a noble initiative by the Indian government to provide affordable housing to the economically weaker sections and low-income groups. The various schemes under PMAY aim to provide housing to the urban and rural poor, slum dwellers, migrant workers, and students. The schemes also offer incentives and subsidies to the beneficiaries for the construction or renovation of houses. The success of these schemes depends on their implementation, and the government is continuously working to improve the implementation of these schemes to achieve the goal of housing for all by the year 2023.

FAQs

Sarkari Awas Yojana
Sarkari Awas Yojana

What is Sarkari Awas Yojana?

Sarkari Awas Yojana, also known as Pradhan Mantri Awas Yojana (PMAY), is a government scheme launched to provide affordable housing to the economically weaker sections (EWS) and low-income groups (LIG) in India.

When was the Sarkari Awas Yojana launched?

The scheme was launched on 25th June 2015 by the Honorable Prime Minister of India, Narendra Modi.

Who are the beneficiaries of the Sarkari Awas Yojana?

The beneficiaries of the Sarkari Awas Yojana are the economically weaker sections (EWS), low-income groups (LIG), slum dwellers, migrant workers, and students.

What are the benefits of the Sarkari Awas Yojana?

The Sarkari Awas Yojana offers various benefits such as interest subsidy, loan subsidy, and other incentives to the beneficiaries for the construction or renovation of houses.

What are the different schemes under the Sarkari Awas Yojana?

The different schemes under the Sarkari Awas Yojana are Pradhan Mantri Awas Yojana (PMAY) – Urban, PMAY – Rural, Affordable Rental Housing Scheme (ARHC), Credit Linked Subsidy Scheme (CLSS), Beneficiary-led Individual House Construction or Enhancement (BLC), In-Situ Slum Redevelopment (ISSR), Vertical Expansion of Existing JNNURM Projects (VEJP), Light House Projects (LHP), Greenfield Affordable Housing Projects (GAHP), and Technology Innovation Grant (TIG).

Is there any subsidy on home loans under the Sarkari Awas Yojana?

Yes, there is an interest subsidy on home loans for EWS and LIG categories under the Credit Linked Subsidy Scheme (CLSS) of the Sarkari Awas Yojana.

What is the aim of the Sarkari Awas Yojana?

The aim of the Sarkari Awas Yojana is to provide affordable housing to all by the year 2023.

How can one apply for the Sarkari Awas Yojana?

One can apply for the Sarkari Awas Yojana through the official website of PMAY or through the Common Service Centers (CSCs). The application process varies depending on the scheme and the category of the beneficiary.

Pooja Sharma
Author: Pooja Sharma

Sarkari Yojana