Question

The main aim of Prime Ministers Awas Yojana​

Answer 1

Answer:

The main objective of the scheme is to eradicate the slum houses and replace them with 'pucca' or concrete homes, especially from the urban cities of India that greatly contribute to the GDP.

Explanation:

The subsidy under this scheme is given as upfront relief, in the form of a reduction in the overall loan liability. The present value of the interest subsidy is calculated at 6.50%, for a maximum tenure period of 20 years, on the maximum loan amount of Rs 6 lakhs.

Answer 2

Answer:

It aims at Slum rehabilitation

The PMAY scheme is a well thought out scheme that ultimately benefits the nation and the economy. The main objective of the scheme is to eradicate the slum houses and replace them with 'pucca' or concrete homes, especially from the urban cities of India that greatly contribute to the GDP.