List Of Documents Required For Pradhan Mantri Awas Yojana

An Overview of PMAY

• The Pradhan Mantri Awas Yojna was created by the Central Government with the express purpose of providing affordable homes to both urban and rural impoverished people. The programme, which has been implemented as a Centrally Sponsored Scheme, covers 4,041 statutory municipalities.
• PMAY has a credit-linked subsidy that is imposed as a Central Sector Scheme as one of its components. PMAY is divided into two sections: PMAY – Urban and PMAY – Gramin. It concentrates on four main verticals. These are the following:

1. With the help of private developers, slum inhabitants will be rehabilitated.
2. Providing credit-linked subsidies to beneficiaries from economically disadvantaged groups, low-income groups, and middle-income groups.
3. Grants for individual house development led by beneficiaries.
4. Providing affordable housing choices in collaboration with others.

• You have the option of applying for PMAY benefits online or in person. The application must be accompanied by the necessary papers. It can be difficult to figure out what materials are required due to the nature of the scheme. We’ve compiled a list of the most important Pradhan Mantri Awas Yojana paperwork that both salaried and self-employed PMAY candidates must submit.

Documents for salaried applicants under the Pradhan Mantri Awas Yojana

Salaried applicants who want to apply for PMAY benefits must have the following Pradhan Mantri Awas Yojana documentation on hand at the time of application:

• Proof-of-identity documents include:

1. A PAN card is a government issued identification card. This is a criteria that must be met.
2. Any of the following documents: voter identification, Aadhar card, passport, driver’s licence, government-issued photo identification, letter from a recognised public authority or public servant confirming the customer’s status with a photograph taken within the last 30 days.

• Proof of address documents:

Any of the papers listed below can be submitted:

1. A letter from a government agency or employee confirming your identification and place of residence.
2. Stamp Paper Rental Agreement
3. Statements from the bank that show the address
4. Policy on Life Insurance
5. Certificate of residence address
6. Voter registration card
7. Aadhar card is a government-issued identification card.
8. Passport

• Proof of income documents include:

Any of the papers listed below can be submitted:

1. Bank statement over the previous six months
2. Receipts from ITR
3. Pay stubs over the previous two months

• Proof of property purchase (if applicable):

1. Deed of Sale
2. Purchase/Sale Agreement
3. Certificate of registration of real estate (if available)
4. Copy of payment receipt/(s) made to the developer (if applicable)

Documents for self-employed applicants under the Pradhan Mantri Awas Yojana

However, for self-employed individuals, the documentation for purchasing a home under PMAY differs slightly. If you are self-employed, you must have the following Pradhan Mantri Awas Yojana documents on hand at the time of your application:

• Proof-of-identity documents include:

1. A PAN card is a government issued identification card. This is a criteria that must be met.
2. Voters ID, Aadhar Card, Passport, Driving License, Photo Credit Card, Government-issued Photo Identity, a letter from a recognised public authority or public servant confirming the customer’s identity with a photograph taken within the last 30 days.

• Proof of address document:

One of the following documents can be submitted:

1. A copy of your passport
2. Aadhar Card Copies
3. A copy of the voter registration card
4. A letter from a public official (recognised public authority or public servant) confirming their identification as well as your residence.
5. A copy of the most recent utility bill, such as a light, phone, or gas bill
6. On stamp paper, a copy of the lease agreement
7. Bank statements from a commercial nationalised bank over the previous three months
8. Statements from your credit cards for the last three months (if applicable).
9. Policy on Life Insurance
10. On company letterhead, the employer issues a letter or certificate with the residential address.

• If you have a business entity, you will need to provide the following documents as proof of address:

1. Certificate for Shops and Establishments
2. Certificate of Business License
3. Certificate of SSI Registration
4. PAN Card, Sales Tax Certificate, and VAT Certificate
5. If you’re a corporation, you’ll need to present partnership deeds. Companies must, however, produce a Memorandum of Association.
6. Certificates of factory registration or export-import codes

• Proof of income documents

1. ITRs (Income Tax Returns) for the previous two years
2. The profit and loss account and the balance sheet
3. Individual saving account statement and corporate entity current account statement for the last six months

• Proof of property acquisition

1. Documents related to real estate
2. Agreement to sell a copy of the document
3. Buyer agreement or allotment letter (in case applicable)
4. In the name of the developer, a payment receipt.

Know about PMAY documents in detail at Finserv MARKETS.