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 NTR Vidyonnathi Scheme is an impactful government initiative by the Andhra Pradesh government designed to provide financial assistance and coaching support to students from economically disadvantaged backgrounds, including Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC). This scheme aims to facilitate access to civil services examinations by offering free coaching and financial aid. NTR Vidyonnathi Scheme Key Details Objective The primary goal of the NTR Vidyonnathi Scheme is to support students in pursuing higher education and preparing for competitive exams like the UPSC by alleviating financial burdens. This initiative aims to level the playing field for students from marginalized communities, enabling them to compete effectively. Financial Assistance Under the scheme, selected candidates receive a scholarship of INR 10,000 , which can be used for educational expenses such as books, stationery, and accommodation. The disbursement is made i...