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21/01/21 09:00 AM IST

Pradhan Mantri Awaas Yojana – Gramin

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PM releases financial assistance to over 6 lakh beneficiaries in UP under Pradhan Mantri Awaas Yojana – Gramin

Highlights
  • Pradhan Mantri Awas Yojana was launched on 1 June 2015 to provide affordable housing to the urban poor.
  • It is a Credit Linked Subsidy Scheme (CLSS), which means beneficiaries under PMAY scheme are eligible for interest subsidy if they avail a loan to buy or construct a house.
  • The mission of this scheme is to provide housing to all by the end of 2022.
Features & Benefits of PMAY Gramin Scheme
  • It promotes housing facilities in all rural areas in India except Delhi and Chandigarh.
  • The main objective of this scheme is to assist the applicants in constructing a pucca house.
  • This scheme aims to construct 4 crore houses for the rural poor by 2022.
  • The budget for this scheme is ₹ 81,975 crore
Source: PIB

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