Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana

The Pradhan Mantri Awas Yojana is a Legislature started the plan in India which expects to offer moderate lodging for the more vulnerable areas. Propelled on 25th June 2015, PMAY focuses to develop 2 Crore homes for the urban poor by 31st Walk 2022 preceding the country praises her 75th freedom.

The administration, in relationship with land developers, imagines the development of reasonable pucca houses by eco-accommodating strategies in chose urban areas. The CLSS or Credit Connected Sponsorship Plan under this lead program gives intrigue endowments on home advances to construct, buy or revamp existing homes.
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When you apply for Pradhan Mantri Awas Yojana, you will get an application reference number to check if your name is enrolled on the Pradhan Mantri Awas Yojana list 2018 – 2019. This rundown contains names of people whose applications have been acknowledged.

Key Objectives of PMAY (Pradhan Mantri Awas Yojana)

PMAY scheme was initiated with the purpose of bridging the ever-widening gap between demand and supply for urban housing. Take a look at the key objectives of this scheme:
To rehabilitate slums with the help of private developers.
To promote affordable housing for the weaker sections through the Credit Linked Subsidy Scheme.
To construct affordable houses in partnership with the public and private sectors.
To provide subsidies for beneficiary-led individual house construction.

Pradhan Mantri Awas Yojana Eligibility

The Ministry of Housing and Urban Poverty Alleviation defines the beneficiaries for this scheme as following:
A Beneficiary can be a husband, wife, and unmarried daughters/sons
A Beneficiary should not own a pucca house, which means, the house should not be in his/her name or any other member of the family across India
Any adult irrespective of his/her marital status can be treated as a separate household altogether.

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