The full form of PMAY is Pradhan Mantri Awas Yojana. Launched on 25 June 2015, PMAY is a Government-backed initiative that promotes the concept of ‘housing for all’. The primary aim of PM Aawas Yojana is to provide affordable housing to the mid and lower-income group, and economically weaker sections of the society. Under PMAY, applicants can get interest rate subsidies based on their yearly household income. PMAY has two verticals: PMAY- Urban or Pradhan Mantri Awas Yojana-Shahri, and PMAY-Rural or Pradhan Mantri Awas Yojana-Gramin.
Click on ‘Citizen Assessment’ and from the dropdown menu select ‘Apply Online’
Now you will be able to view 4 components
Select one the components to apply
PMAY (full form – Pradhan Mantri Awas Yojana) has helped the economically weaker section purchase their dream home. Under the Pradhan Mantri Awaas Yojana –Gramin (PMAY-G), a total of 2.7 crore houses have been sanctioned and 2.1 crore houses have been completed by January 6, 2023, shows the Economic Survey 2022-23.
Want to turn your dream home into a reality? Apply for Navi Home Loan up to Rs.5 crore and get instant approval along with sanction letter. Download the Navi app today!
We are a diverse group of writers, editors and Subject Matter Experts striving to bring the most accurate, authentic and trustworthy finance and finance-related information to our readers. Our mission is to simplify jargon and industry lingo. We believe sharing knowledge through relatable content is a powerful medium to empower, guide and shape the mindset of a billion people of this country.