Pradhan Mantri Awas Yojana (PMAY)
This is another insightful video from the team at IndianMoney.com, which aims to spread financial literacy across India. The subject for this particular video is Pradhan Mantri Awas Yojana, also called PMAY.
PMAY is a government scheme introduced by the Ministry of Housing and Urban Poverty Alleviation. The government intends to provide Affordable Housing to the urban poor with a target of building 20 million affordable houses by 31st March 2022.
As explained by the speaker, this much-needed initiative seeks to address the housing requirements of the economically weaker sections in India. The income proof must be submitted by the loan applicant. You have Pradhan Mantri Awas Yojana (Urban) for the urban poor, Pradhan Mantri Awaas Yojana (Gramin) and also PMAY-R for the rural poor.
Thanks for watching the video. Stay tuned for more such videos from the expert speakers at IndianMoney.com.
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Disclaimer: IndianMoney.com(Suvision Holdings Pvt Ltd) and the speaker in the video is not responsible for the outcome of the above mentioned suggestions in the video. The above video is only for educational purpose. Please consult experts before taking any decisions.