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Pradhan Mantri Awas Yojana (PMAY) Urban 2.0
Finance4 months ago
Source: Pradhan Mantri Awas Yojana (PMAY) Urban 2.0
The escalating inflation in the real estate sector has made housing unaffordable for weaker sections and middle-income groups in India. To address this challenge, the government introduced the Pradhan Mantri Awas Yojana in 2015, aiming to provide housing for every eligible household by 2022. The initiative has now entered a new phase with the launch of PM Awas Yojana Urban 2.0, which commenced on 1st September this year and is set to conclude by 2029.
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