Government Schemes
What is PM Awas Yojana (PMAY)? — Meaning, Definition & Example
Definition
PMAY is a government housing scheme to provide affordable housing for EWS/LIG/MIG categories. Under Credit-Linked Subsidy Scheme (CLSS), interest subsidy of 3-6.5% on home loans is available. PMAY-Urban for cities and PMAY-Gramin for rural areas.
💡 Real Example
Under PMAY CLSS, an EWS family getting 6.5% interest subsidy on a ₹6 lakh home loan saves approximately ₹2.67 lakh over 20 years.
🇮🇳 PM Awas Yojana (PMAY) in Hindi / हिंदी में
PM आवास योजना — PMAY EWS/LIG/MIG श्रेणियों के लिए किफायती आवास प्रदान करने की सरकारी योजना है। होम लोन पर 3-6.5% ब्याज सब्सिडी उपलब्ध है।
PM Awas Yojana (Hinglish) — PMAY government housing scheme hai jo EWS/LIG/MIG families ko affordable housing provide karti hai. Home loan pe 3-6.5% interest subsidy milti hai.
❓ Frequently Asked Questions
What is PM Awas Yojana (PMAY) in simple words?
PMAY is a government housing scheme to provide affordable housing for EWS/LIG/MIG categories. Under Credit-Linked Subsidy Scheme (CLSS), interest subsidy of 3-6.5% on home loans is available. PMAY-Urban for cities and PMAY-Gramin for rural areas.
Can you give an example of PM Awas Yojana (PMAY)?
Under PMAY CLSS, an EWS family getting 6.5% interest subsidy on a ₹6 lakh home loan saves approximately ₹2.67 lakh over 20 years.
What is PM Awas Yojana (PMAY) meaning in Hindi?
In Hindi, PM Awas Yojana (PMAY) is called PM आवास योजना. PMAY EWS/LIG/MIG श्रेणियों के लिए किफायती आवास प्रदान करने की सरकारी योजना है। होम लोन पर 3-6.5% ब्याज सब्सिडी उपलब्ध है।