Pradhan Mantri Awaas Yojana

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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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