PRADHAN MANTRI AWAS YOJNA

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This discussion addresses eligibility for the Pradhan Mantri Awas Yojana (PMAY) subsidy. The user purchased a jointly financed house in 2013 and a fully self-financed flat in 2019, inquiring if the latter makes them eligible. However, PMAY guidelines state that beneficiaries or their family members must not own any 'pucca' house, regardless of financing method. Therefore, owning the 2013 property disqualifies the user from receiving PMAY subsidy.

ROHIT KUMAR

ROHIT KUMAR (Querist)

24 June 2020 IN 2013 I PURCHASED A HOUSE WORTH 17 LAKH ON MY NAME IN UTTAR PRADESH. I TOOK LOAN OF AN AMOUNT 11 LAKH FROM BANK AND REMAINING HELPED BY MY FATHER. IT MEANS FULL FUNDS WAS NOT ARRANGED BY ME.

IN JULY 2019 I PURCHASED NEW FLAT WITH FULL LOAN AMOUNT ON MY NAME IN GUJARAT. M I ELIGIBLE TO AVAIL PM SUBSIDY UNDER PRADHAN MANTRI AWAS YOJNA AS THIS IS MY FIRST HOUSE FULLY FINANCED BY ME . THE HOUSE WHICH WAS PURCHASED BY ME IN 2013 WAS FINANCED JOINTLY.

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)

24 June 2020 PMAY guidelines clearly mention that the beneficiary or any member of his family should not own any pucca house to be eligible for claiming subsidy under PMAY. It doesn't give any relaxation on whether the house owned now is financed by self or jointly