One of the basic necessities of a human being is a house to stay in. It is a place where your mind and soul relaxes and rejuvenates for the next day. But this is still a dream for majority of population in India.
Government of India initiated a major step in this area by announcing a scheme known as “Pradhan Mantri Awas Yojana”.
It is a scheme that runs nationwide to ensure that people get affordable houses within their financial capabilities. What are the phases of Pradhan Mantri Awas Yojana Scheme? What are the benefits of Pradhan Mantri Awas Yojna scheme?
The scheme was launched on 25th June 2015 with an estimated target of constructing 2 crore affordable houses in a span of seven years i.e. year 2022. Targeting the Low Income Group (LIG) and Economically Weaker Sections (EWS) of the urban areas, the scheme is designed to build houses across the length and breadth of the country.
The Pradhan Mantri Awas Yojana is designed to be completed in three phases. The target of all the three phases of the scheme is just the development and completion of affordable houses under the scheme.
Phase I- Phase I start from April 2015 to March 2017 and cover the selected 100 cities of the country.
Phase II- Phase II begins from April 2017 to March 2019 and covers 200 cities of India.
Phase III- this phase is the last phase commencing from 2019 to 2022adn covers all the remaining cities of the country.
For the purpose of this scheme, the economically weaker section (EWS) has been defined as the people having income below 3 lacs per annum and Low income Group (LIG) as the people having income between Rs. 3 lacs to Rs. 6 lacs per annum.
However, the definition can change depending upon the particular state government and in consultation with the central government. One important point to take a note here is that one should not own a pucca house in his own name or in the name of his family members in any part of the country to avail this scheme. (Here family means husband, wife and unmarried children.) There are many benefits and advantages of the scheme which are indicated below.