Indian Economy - Angel One

The Pradhan Mantri Awas Yojana (PMAY) has been a game-changer in India’s housing sector, offering a bold and much-needed solution to the country’s rising housing demands, particularly for Economically Weaker Sections (EWS) and low-income groups. Launched in 2015 by the Government of India, this visionary initiative has reshaped both urban and rural housing landscapes across …

The central government has launched the second phase of its flagship housing initiative, Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0), to provide affordable housing for one crore economically disadvantaged families and middle-income groups in urban areas. Approved by the Union Cabinet on August 9, 2024, the scheme aims to ensure all-weather pucca houses …