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Description

Pradhan Mantri Jan Awas Yojna is a Government of India initiative to provide affordable housing to the eligible citizens of India by the year 2020. The flagship project aims at providing affordable housing for the urban poor, rural poor and other homeless sections of the society.

PMAYG Scheme: Features

1. The Central and State governments will share the cost of the unit in a ratio of 60:40 in plain areas, i.e. Rs.1.20 lakh of assistance for each unit.
2. In the northeastern states and the Union Territory (UT) of Jammu & Kashmir, the ratio will be 90:10 with up to Rs.1.30 lakh of assistance for each unit.
3. For Union Territories including the UT of Ladakh, 100% financing will be done from the Centre.
Beneficiaries will be listed on the basis of Socio-Economic and Caste Census (SECC) and verified by Gram Sabhas.
4. To know more about PMAYG you can visit Bajaj Finserv's official website.

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