Affordable Housing Scheme of Govt of India
The biggest dream of everyone here in India is to own a house. Owning a home is pride, and for some, it is a need. But still, half of the population is hunting for an own residence. On having the report, the Government proposed a solid Idea – The “Affordable housing scheme” to bring affordable homes for the low-income group in India. As India has many numbers of low and middle group people, who cannot afford to buy their own home. Under the launch of the Affordable housing scheme by the government, people are getting the shelter – being the third most important necessity after food and clothes. 1. Pradhan Mantri Awas Yojana (PMAY): 2015 PMAY is an NDA government’s flagship Affordable housing scheme implementing in between 2015-2022, aiming for ‘Housing For All’. This scheme is divided into 4 parts (a) In-situ slum redevelopment (ISSR): Under this scheme the government uses the land of the slum dweller to make a house for them. The scheme has leveraged by t...