PM Awas Yojana 2023: Pradhan Mantri Awas Yojana (PMAY) which is a scheme launched by the Indian government in 2015 to provide affordable housing to the economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG) of society.
Under the PMAY scheme, the government provides financial assistance in the form of interest subsidies on home loans, credit-linked subsidies, and construction of houses. The scheme has four components, namely In-Situ Slum Redevelopment (ISSR), Affordable Housing in Partnership (AHP), Credit-Linked Subsidy Scheme (CLSS), and Beneficiary-led Individual House Construction or Enhancement (BLC).
This scheme is for people living in the slum area and for the poor urban people. The purpose of PMAY is to provide interest subsidy on housing loans to citizens of India.
There are two subsections of the PMAY scheme, namely PMAY-Gramin and PMAY-Urban. The subsections divided based on the area on which they focus.
To apply for the Pradhan Mantri Awas Yojana (PMAY), you can follow the steps mentioned below:
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