Pradhan Mantri Awas Yojana (PMAY)

Pradhan Mantri Awas Yojana (PMAY) is an initiative by the Indian government aimed at providing affordable housing to the urban poor and economically weaker sections. Launched in 2015, it seeks to ensure that everyone has access to a safe, permanent home with proper amenities. The scheme offers financial assistance, subsidies on home loans, and streamlined approval processes to make home ownership more accessible. Its goal is to reduce homelessness, improve living standards, and promote inclusive urban development across India.