The online applications process for affordable homes under the Pradhan Mantri Awas Yojana (Urban) starts today, with an aim to bring more people under the ambit of the Modi-government’s flagship scheme.

The scheme was launched by PM Narendra Modi on 25 June 2015 and envisages Housing for All by 2022. It involves building of more than two crore houses in a span of seven years.

The beneficiaries are poor and people living under EWS and LIG categories in the country.

The scheme is divided into three phases. In the first phase, a total of 100 cities will be covered from April 2015 to March 2017. In phase two, 200 cities will be covered from April 2017 to March 2019. In the third phase, the leftover cities will be covered from April 2019 to March 2022.

The government is providing an interest subsidy of 6.5 per cent on housing loans which can be availed by beneficiaries for 15 years from start of loan date.

The government will grant Rs 1 lakh to all the beneficiaries of the scheme. In addition, Rs 1.5 lakh will be given to all eligible urban poor who want to construct their houses in urban areas or plan to go for renovation in their existing houses. One can also avail loans under this scheme to build toilets in existing houses.



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