Everyone's dream - to have a house of your own.

And now to make this dream come true our Prime Minister Shri Narendra Modi ji has started “Pradhan Mantri Awas Yojana” (PMAY). Under this scheme, our Prime Minister has tried to ensure that the people of the middle income group of our country who do not have their own pucca house till now and all of them get their own house. Under this scheme, all the people will have their housing available at low prices by 2022. And the foundation of this scheme was laid by our Prime Minister Narendra Modi ji on 22 June 2015. Today we will analyze all the things related to this scheme.

As per the September 2016 report, the residence rate in India's cities is quite high and it is expected to increase further in the coming years. According to the census, the population of cities is expected to increase to about 80 million by the year 2050, which is almost double of the present number. And in view of the rapidly increasing population, our government laid the foundation of this Pradhan Mantri Awas Yojana. So that the work of housing construction is completed in time, so that neither our general public nor the people of poverty line should face any problem.

What is Pradhan Mantri Awas Yojana?

Pradhan Mantri Awas Yojana is one such dream seen by the Prime Minister of our country Shri Narendra Modi ji, under which the government of our country has tried to ensure that the people living below the poverty line of our country who have their own pucca house. It is not that the dream of all of them to build their own house should be fulfilled.

In how many years is this to be completed?

The foundation of Pradhan Mantri Awas Yojana (PMAY) has been laid on 22 June 2015 and its completion period was 7 years which is to be completed in 2022 this year.

What is CLSS?

The Credit Linked Subsidy Scheme is an interest subsidy scheme introduced by the Ministry of Housing and Urban Poverty Alleviation. MoHUPA implemented this CLSS Credit Linked Subsidy Scheme in June 2015 with a focus on Pradhan Mantri Awas Yojana. It has been brought in to cater to the needs (such as their buy-sell-improvement and expansion) of the EWS, LIG, MIG segment of the houses thereby helping them to meet the housing demand in India.Read more:

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