PM Awas Yojana (Urban)

Question 1

Which ministry has launched it ?

Answer 1

Ministry of Housing and Urban Poverty Alleviation

Question 2

What is its main goal ?

Answer 2

Provision of Housing for all by 2022 (75 yrs of independence)

Question 3

What are the benifits offered by the Govt ?

Answer 3

1) Poor and people under EWS and LIG are major benificiaries
2) Three phase scheme
3) Govt to provide interest subsidy of 6.5% on housing loans which can be availed by benificiaries for 15yrs
4) Compulsory 1 lakh grant to all benificiaries
5) Additional 1.5 lakh grant to all urban poor who wish to renovate or build their houses in urban areas