What is Pradhan Mantri Awas Yojana?
Pradhan Mantri Awas Yojana is an initiative by Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022.
PMAY
is a scheme that has been designed to make housing affordable for Indian
citizens. This initiative aims at developing India’s housing sector in many
ways, such that the entire population can benefit from
subsidised home loan interest rates.
This scheme also promotes the use of eco-friendly building material usage for the construction of homes.
PMAY scheme has two major sections: Pradhan Mantri Awas Yojana (Urban) (PMAY-U) and Pradhan Mantri Awas Yojana (Gramin) (PMAY-G and PMAY-R).
PMAY-U is applicable to the urban population while PMAY-G and PMAY-Rare applicable for the rural population.
Official website: pmaymis.gov.in
Launch year: 2015
This scheme also promotes the use of eco-friendly building material usage for the construction of homes.
PMAY scheme has two major sections: Pradhan Mantri Awas Yojana (Urban) (PMAY-U) and Pradhan Mantri Awas Yojana (Gramin) (PMAY-G and PMAY-R).
PMAY-U is applicable to the urban population while PMAY-G and PMAY-Rare applicable for the rural population.
Official website: pmaymis.gov.in
Launch year: 2015
Launched by (prime minister): Narendra Modi
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