Understanding the PMAY Scheme and Its Impact on Housing in India

Description

The PMAY scheme (Pradhan Mantri Awas Yojana) aims to provide affordable housing for all by 2022. It targets low-income families, offering financial assistance for constructing or buying homes. The scheme focuses on urban and rural areas, ensuring that every citizen has access to a secure home. By providing subsidies and low-interest loans, PMAY contributes to the government’s vision of a “Housing for All” initiative, strengthening the nation’s housing infrastructure and providing a boost to the economy.