Pradhan Mantra Awas Yojana scheme Housing for All (Urban)
Pradhan Mantri Awas Yojana is clear about its goals – affordable housing for all by 2022, it does ensure that the benefits of the scheme are enjoyed by women, economically backward groups of Indian society and the Scheduled Castes and Scheduled Tribes.
while registering to avail the benefits of the scheme, the beneficiaries must necessarily mention their mother or wife’s name.
Feature of Pradhan Mantra Awas Yojana scheme:
- Interest subsidy of 6.5 percent on housing loan will be provided for 15 years to the beneficiaries.
- Older and Differently abled persons will be given preference in the allotment of ground floors under the Pradhan Mantri Awas Yojana scheme.
- Eco friendly and sustainable technologies will be used during the construction process.
The scheme will cover entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities in three phases. Credit linked subsidy component of the scheme would be implemented across the country in all statutory towns right from the beginning.