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Prime Minister Housing Scheme The Pradhan Mantri Awas Yojana (PMAY), also known as the Prime Minister Housing Scheme, is a housing initiative launched by the Government of India. The scheme aims to provide affordable housing solutions to the urban and rural poor in India. It was launched on June 25, 2015, and has two components: 1. Pradhan Mantri Awas Yojana (Urban) - PMAY(U): This component of the scheme focuses on providing affordable housing to the urban poor. Under PMAY(U), financial assistance is provided to eligible beneficiaries for the construction, purchase, or enhancement of houses. The scheme targets economically weaker sections (EWS), lower-income groups (LIG), and middle-income groups (MIG) in urban areas.    Key Features:    - Subsidy on home loan interest rates for eligible beneficiaries.    - Credit-linked subsidy scheme (CLSS) for EWS, LIG, and MIG categories.    - Affordable housing projects undertaken by public and private sec...