We all wish to have our own home. The dreams and desires occur irrespective of caste, status, gender etc. It feels upsetting that there are people in our country who only wish and hope that one day they will buy their own house. The PMAY scheme targets these people and assures them of housing benefits by the end of the year 2022. The scheme provides complete support to the people who are not fit economically and tries to satisfy their needs and desires.
One of the most striking features of the scheme is that it provides reduced subsidy rates for home loans, which differs according to the category of the annual income the beneficiary falls in.
Eligibility for Pradhan Mantri Awas Yojana West Bengal:
Before providing Housing for All under the PMAY scheme, there are certain criteria that need to be checked:
- Neither the beneficiary nor any family member of the beneficiary should be the owner of any pucca house in any part of the country. If it is so, the applicant is not eligible to avail the benefits of the scheme.
- For a married couple who wants to seek the benefit, it can only be entitled to either of the spouses or jointly to both of them and not to both of them individually.
- The applicant’s family should not have taken any central government scheme’s assistance in the past.
Some important information:
- The ownership of women is not mandatory for the reconstruction/purchase of the house.
- Aadhaar number is a must for MIG section
- The subsidy of interest is directly transferred to the account of the beneficiary through any bank/NBFC.
- The maximum tenure for which the interest subsidy is available is 9 years.
- There is no restriction on the loan amount or the price of the property.
CLSS Scheme Criteria:
Beneficiaries having a yearly income below INR 3 lakh are covered under EWS category. The subsidy rate for them is 6.5% over INR 6 lakh and the carpet area is 30 sq-m under the PMAY scheme.
Beneficiaries having a yearly income between INR 3 lakh and INR 6 lakh are covered under LIG category. The subsidy rate for them is 6.5% over INR 6 lakh and the carpet area is 60 sq-m under the Pradhan Mantri Awas Yojana West Bengal.
Beneficiaries having a yearly income below INR 12 lakh are covered under MIG-I category. The subsidy rate for them is 4% over INR 9 lakh and the carpet area is 160 sq-m.
Beneficiaries having a yearly income between INR 12 lakh and INR 18 lakh are covered under the MIG-II category. The subsidy rate for them is 3% over INR 12 lakh and the carpet area is 200 sq-m.
As per reports, West Bengal is the worst performing state under this scheme to provide housing for all as it had the lowest number of subscribers. The system believes that the PMAY scheme is not performing as expected in Bengal. There may be various factors, which contribute to this, including inaccessibility, lack of reach by the department, lack of comprehension either from the beneficiaries or by the team. However, these must be identified as soon as possible and corrective measures must be taken to improve the situation.