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Home Economy

PM Awas Yojana- Urban

June 4, 2020
in Economy
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  • Ministry: Ministry of Housing & Urban Affairs
  • It is the vehicle to achieve objective of “Housing for All” Mission in Urban areas
  • The aim of this scheme is to construct more than two crore houses across the length and breadth of the nation.
  • The target beneficiaries of the scheme would be poor and people living under EWS and LIG categories in urban establishments of the country.
  • The government would provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 15 years from the start of loan.
  • The houses under Pradhan Mantri Awas Yojana would be allotted to preferably the female member of the family.

 

Tags: Prelims

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