CURRENT AFFAIRS

Detailed explanation-1: -In order to achieve this objective, Central Government has launched a comprehensive Mission “Pradhan Mantri Awas Yojana (Urban) – Housing for All Mission”.

Detailed explanation-2: -Pradhan Mantri Awas Yojana (PMAY) was launched with the aim to provide housing at an affordable price to the weaker sections of the society, lower income group people, urban poor, and rural poor. The Yojana involves a construction of around 20 million houses at an affordable price.

Detailed explanation-3: -Who is eligible for PMAY subsidy. Any household with annual income ranging from INR 3 lakh to 18 lakhs may apply. In no part of the country should the applicant or other family member have a pucca house. The recipient cannot benefit from PMAY scheme for a previously constructed building.

Detailed explanation-4: -Pradhan Mantri Awas Yojana (Urban) Mission launched on 25th June 2015 which intends to provide housing for all in urban areas by year 2022.

Detailed explanation-5: -Any household with an annual income up to 18 lakh can apply for PMAY scheme. If you wish to apply for the PMAY subsidy benefit, you can submit your application at any of our 135+ ICICI HFC branches.