Launched in 2015, Pradhan Mantri Awas Yojana (PMAY) is a Government of India's initiative that aims to provide affordable housing for certain sections of the society. The scheme targets construction of about 20 million houses at an affordable price by 31 March 2022.
Here are some of the key objectives of this scheme:
To promote affordable housing for the weaker sections of the society.
To construct affordable houses in partnership with the public and private sectors.
To rehabilitate slums with the help of private developers.
To provide subsidies for beneficiary-led individual house construction.