Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana- Housing for All (Urban)

It is estimated that the homeless population in India is growing at a whopping rate of about 34 percent which accounts for around 18 million in numbers. In this context, the Indian Government has taken a step ahead in favor of the homeless population with the introduction of the new scheme called Pradhan Mantri Awas Yojana- a housing project for all the home loan borrowers.

Pradhan Mantri Awas Yojana scheme has been launched by Prime minister Narendra Modi that foresees the vision of providing affordable housing solutions for every homeless by the year 2022.

This scheme aims at reducing India's biggest contribution to the homeless population in the World. And, under this scheme, there are different plans for urban and rural people. This proposed scheme as well envisions in improving the quality of life for the urban people, despite their income groups. So here’s a good news for the people who are planning to buy plots or lands for sale.

Aims of Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana aims at building more than 20 crores houses for all including low-income families and the economically weaker sections within the time period of next 7 years. It was initiated in the year 2015 and will be concluding successfully by the year 2022. For this purpose, the central government has also passed a subsidy of Rs. 2 lakh crores. There are four categories coming under this section which includes-

  • Building houses that are led by the beneficiaries
  • Affordable housing solution through Credit Linked Grant
  • With the use of land as the resource, In-situ slum redevelopment will be initiated with the help of private sectors
  • Reasonable housing accounting with government and private funding.
  • Who are the Beneficiaries and eligible for PMAY scheme?

    The scheme would benefit to some specific group of people including-

  • Women, irrespective of their religion and caste.
  • Low-income groups
  • Economically weaker sections of the society
  • Medium income groups
  • Schedule castes (SC) and scheduled tribes (ST)
  • Get more information about the scheme and its benefits of Pradhan Mantri Awas Yojana in the official site
    Overall this flagship scheme is estimated to increase the real estate sales and ensures the target of reasonable housing for everyone by the year 2022. So why wait, if you are looking forward to owning a plot in Mangalore or moodbidri, then here is a golden opportunity from Amitha to buy the best plots for sale in moodbidri. Get more information here about Amitha Nature's Nest.