Pradhan Mantri Awas Yojana

The Government of India took a major step towards ensuring that people can get a house within their financial capability. Prime Minister Narendra Modi launched a nationwide scheme known as Pradhan Mantri Awas Yojana. Previously known as Housing for All scheme, this Yojana comes with a bold vision of providing affordable housing solutions for all Indian citizens.

Launched on June 25, 2015, the primary aim for this Yojana is to ensure that 2 crore houses are built across nation’s length and breadth. The estimated completion year for the scheme is 2022, which means that these 2 crore homes will be constructed over a period of 7 years.

Pradhan Mantri Awas Yojana - Gramin (PMAY-G) has finally been launched by the Prime Minister Shri Narendra Modi in Agra on 20th November 2016. Under the PM Awas Yojana Gramin affordable housing scheme, central government aims to develop 3 Crore homes by the year 2022 in rural areas for poor families including BPL. PMAY-G is the revamped version of Indira Awas Yojana which was renamed earlier this year with some pro-poor changes in the scheme.

The Mission will be implemented during 2015-2022 and will provide central assistance to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs for:
1. In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation
2. Credit Linked Subsidy
3. Affordable Housing in Partnership
4. Subsidy for Beneficiary-led individual house construction/enhancement.
Credit linked subsidy component will be implemented as a Central Sector Scheme while other three components will be implemented as Centrally Sponsored Scheme (CSS).

Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Yojana (PMY)
Pradhan Mantri Awas Yojana (PMAY)