The Pradhan Mantri Awas Yojana (PMAY) , launched by the Government of India on June 25, 2015, is a flagship housing initiative aimed at providing affordable housing to both urban and rural populations. The program is divided into two main components: PMAY-Urban (PMAY-U) and PMAY-Gramin (PMAY-G) . The overall goal of PMAY is to ensure that every citizen in India has access to a pucca (permanent) house by March 2022. With a target of constructing 2 crore (20 million) homes, the scheme addresses the housing needs of low and middle-income groups. Key Features of PMAY Feature Details Credit-Linked Subsidy Interest subsidy on housing loans for various income groups: - EWS : 6.5% interest subsidy - LIG : 6.5% interest subsidy - MIG-I : 4% interest subsidy - MIG-II : 3% interest subsidy Loan Tenure Up to 20 years for all income groups. Income Groups ...
The PM Vishwakarma Yojana , launched by Prime Minister Narendra Modi on September 17, 2023, is a social welfare initiative aimed at supporting traditional artisans and craftspeople across India. Recognizing their contributions to the country's cultural heritage and economy, the scheme provides financial, skill development, and marketing support to help them thrive in a competitive market. Key Objectives and Benefits of PM Vishwakarma Yojana The PM Vishwakarma Yojana offers a wide range of benefits to artisans, aimed at boosting their skills, modernizing their trades, and improving their financial standing. Below are the main objectives and key benefits of the scheme: Objective Details Recognition Artisans are recognized as "Vishwakarmas" and receive certificates and ID cards. Skill Enhancement Training programs (basic: 5-7 days; advanced: 15 days or more) with a stipend of ₹500/d...