Pradhan Mantri Awas Yojana - Urban
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- October 4, 2018 4:37 PM
Pradhan Mantri Awas Yojana (PMAY) is an initiative taken by government of India. Under this scheme 20 million affordable houses will be provided to the urban poor families by 31 March 2022.
This scheme is attached with other schemes like toilet, Saubhagya Yojana electricity connection, Ujjwala Yojana LPG gas connection, access to drinking water and Jan Dhan banking facilities, etc.
Why this scheme was launched
Pradhan Mantri Awaas Yojana was launched in June 2015. Under this scheme 2 crore houses for urban poor (Economically Weaker Sections and Low Income Groups) in urban areas by the year 2022 through a financial assistance of ₹2 trillion (US$28 billion) from central.
Benefits of this scheme
Government will provide an interest subsidy of 6.5% on housing loans for a period of 20 years under credit link subsidy scheme (CLSS) from the start of a loan.
investment by Government
House constructed through a technology that is eco-friendly.
while allotting ground floors under PMAY, preference will be given to differently abled and older persons.
The government has approved an amount of ₹439.22 billion (US$6.1 billion) for construction of 6,83,724 houses for urban poor including
What are Eligibility criteria
central assistance commitment of ₹100.50 billion (US$1.4 billion) by April 2016.
Beneficiary max age should be 70 years,
States and cities covered
Beneficiary annual income Less than Rupees 3 Lac for EWS (Economic Weaker Section) and for LIG (Lower Income Group) Annual Income 3,00,001 to 6,00,000 Lac INR as well as Mid Income group since Feb 2017, and
The beneficiary should not have an own residence in the name of any family member in any part of India.
Jammu and Kashmir
Leave a Comment:
Prakash Kushwah October 18, 2018 11:59 PM
shivram saini October 26, 2018 2:45 PM
Amit jagtap October 26, 2018 11:57 PM
These scheme is such wonder opportunity m
Junaid October 30, 2018 3:15 PM
anand kumar % surendra kumar November 2, 2018 2:59 PM
vill post pauhar thana badausha th atarra distic banda