Pradhan Mantri Awas Yojana | How To Get Subsidy Upto 2,67,280
Pradhan Mantri Awas Yojana (PMAY)
This is another insightful video from the team at IndianMoney.com, which aims to spread financial literacy across India. The subject for this particular video is Pradhan Mantri Awas Yojana, also called PMAY.
PMAY is a government scheme introduced by the Ministry of Housing and Urban Poverty Alleviation. The government intends to provide Affordable Housing to the urban poor with a target of building 20 million affordable houses by 31st March 2022.
As explained by the speaker, this much-needed initiative seeks to address the housing requirements of the economically weaker sections in India.
The income proof must be submitted by the loan applicant. You have Pradhan Mantri Awas Yojana (Urban) for the urban poor, Pradhan Mantri Awaas Yojana (Gramin) and also PMAY-R for the rural poor.
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