Pradhan Mantri Awas Yojana (PMAY scheme) is an initiative of the Central Government of India headed by PM Narendra Modi. It was launched in 2015 to help the poor population get into their own pucca home across India. Anyone or family not having any pucca home anywhere in India can apply under the PMAY scheme. This way, they can pocket home loan interest rate subsidy of up to 6.5% or Rs.2.67 lakh as per their income group. However,...
