PRADHAN MANTRI AWAS YOJANA (PMAY)

Schemes

PRADHAN MANTRI AWAS YOJANA (PMAY)

KEY POINTS
  • Scheme useful for :
    Poor people belonging to Low income group & Economically weaker sections who living in cities
  • Scheme period :
    7 years 25th june 2015 to 25th june 2022
  • No of houses to be built : 2 crores
  • Amount to be granted :
    between 1 lakh to 1.5 lakh
  • loan amount & credit-linked subsidy scheme :
    If loan amount - <= 6 lakh then subisidized interest rate - 6.5 %
    If loan amount - > 6 lakh then subisidized interest rate - 6.5 % upto 6 lakh and other - base rate
  • Loan tenure :15 years
AIM
  • Providing affrodable housing solutions for all inidan citizen from low income groups & economically Weaker sections

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