India’s Pradhan Mantri Awas Yojana (PMAY)

Pradhan Mantri Awas Yojana (PMAY) is an Indian government initiative launched in 2015 to provide affordable housing for all by 2022. It aims to construct houses for economically weaker sections, low-income groups, and slum dwellers. Under PMAY, beneficiaries can receive financial assistance for home construction or improvement, along with subsidies on housing loans. The scheme promotes sustainable and inclusive urban development, ensuring that every citizen has access to safe and affordable housing. It is part of the broader agenda to enhance living standards and boost the overall economy by improving infrastructure and housing availability.