Business Standard

Explained: What is Pradhan Mantri Awas Yojana and how to avail subsidy?

Pradhan Mantri Awas Yojana (PMAY) of the central government completes seven years today. Want to check your name on the list? Here's a step-by-step guide

Real estate
Premium

Under the PMAY scheme, the government provides a subsidy on availing loans for the purchase, construction, extension, or improvement of a house

BS Web Team New Delhi
The Pradhan Mantri Awas Yojana (PMAY) is a flagship scheme of the central government to boost home ownership in the country. It was launched by Prime Minister Narendra Modi in June 2015 with the mission of achieving ‘Housing for All’ by 2022. It is implemented by the Ministry of Housing and Urban Affairs (MoHUA). The scheme is split into two parts: The Pradhan Mantri Awas Yojana-Urban or PMAY-U and the Pradhan Mantri Awas Yojana-Rural or PMAY-R. The Centre chooses the name of the eligible applicants and adds them to a list. Here is all you need to know about the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 25 2022 | 12:03 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com