|Announce Date||25 June 2015|
|Beneficiary||Poor People not having own house|
|Launched by||Narendra Modi|
|Ministry / Department||Housing|
|Objective||To give houses to poor people|
Pradhan Mantri Awas Yojana is an ambitious scheme of Narendra Modi government to ensure “Housing For All” for poor people. Under the PMAY, central govt. aims to provide about 5 Crore affordable homes to the EWS / LIG category by FY year 2022. Around 2 crore homes to be build in urban areas under PMAY-U housing scheme and 3 crore in rural areas under PMAY Gramin (PMAY-G) across the country. Indian govt. to provide financial assistance to poor home buyers, interest subsidy on home loan and direct subsidy on homes.