Prime Minister of India announced Pradhan Mantri Awas Yojana on 25th June 2015. It’s a scheme that aims to provide with quality but affordable houses to citizens of India. This scheme is devised to help people who can’t afford to buy a house. Pradhan Mantri Awas Yojana is an opportunity for all such people to own their house at a reasonable price with the subsidy provided by the Government of India.
Women, People belonging to Scheduled Casts (SC), People belonging to Scheduled Tribes (ST) and Economically Weaker Section (EWS) are eligible to apply for this scheme. One may apply online to avail of this scheme as well.
Also known as Housing for All, this Scheme is proposed to be completed in three phases. Its first phase will be completed in 2017, second in 2019 and the last phase will complete in 2022 thereby providing housing to all. All banks, be it nationalized or private, are providing information regarding the scheme. You may contact your bank’s branch to know more about the Pradhan Mantri Awas Yojana.
| Here are the quick highlights of Pradhan Mantri Awas Yojana | |
|---|---|
| Parameters | Details |
| Scheme Name | Pradhan Mantri Awas Yojana |
| Launch Date | 25th June, 2015 |
| Estimated Time for Completion | 7 years (2022) |
| Primary Objective | Providing affordable houses to Indian citizens |
| Number of Houses to be Built | 2 crores + |
| Primary Target Group | Poor people of India belonging to LIG and EWS groups. LIG stands for low income group and EWS stands for Economically Weaker Sections |
| Primary Target Area | LIG and EWS people of urban areas |
| Scope of Scheme | Across India |
| Previous Name | Housing for All scheme |
| Launched by | Prime Minister Narendra Modi |
| Pradhan Mantri Awas Yojana Phases | |
|---|---|
| Phase | I (one) |
| Target Date of Start | April 2015 |
| Target Date of Ending | March 2017 |
| Number of Cities Targeted | 100 cities in India |
| What to Expect? | Development and completion of affordable houses under the scheme. |
| Phase | II (two) |
| Target Date of Start | April 2017 |
| Target Date of Ending | March 2019 |
| Number of Cities Targeted | 200 cities in India |
| What to Expect? | Development and completion of affordable houses under the scheme. |
| Phase | III (three) |
| Target Date of Start | April 2019 |
| Target Date of Ending | March 2022 |
| Number of Cities Targeted | All remaining cities in India |
| What to Expect? | Development and completion of affordable houses under the scheme. |
