18/05/2021 Financial & Legal Services
PMAY or Pradhan Mantri Awas Yojana is a housing initiative, which was launched by the central government of India in 2015. This scheme aims to provide affordable housing to the low-income, middle-income groups, and economically weaker society sections by 2022. The Finance minister of India also increased the outlay of PMAY urban by Rs.18000 crore in November 2020. This initiative also extends financial assistance to urban residents through CLSS or Credit Linked Subsidy Scheme. This PMAY subsidy allows individuals to purchase their desired house at an affordable interest rate. For more information visit Bajaj Housing Finance official website.
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