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Question

In which year was the Pradhan Mantri Awas Yojana (PMAY), a flagship mission aimed at addressing the urban housing shortage in India, launched?

The correct answer is
2015

Pradhan Mantri Awas Yojana Launch Year

The Pradhan Mantri Awas Yojana (PMAY) is a significant government mission focused on improving housing conditions for citizens in India's urban areas.

This initiative was launched to address the widespread shortage of adequate housing, particularly for lower-income groups.

Understanding PMAY's Establishment

The Pradhan Mantri Awas Yojana (PMAY) commenced its operations in the year 2015. The scheme aims to provide housing opportunities to all urban families by 2022, as initially envisioned.

Objective of the Housing Mission

The primary goal of PMAY is to ensure 'Housing for All' in urban India. It seeks to achieve this by:

  • Promoting affordable housing projects.
  • Providing interest subsidies on home loans for eligible beneficiaries (Credit Linked Subsidy Scheme).
  • Supporting beneficiaries in constructing or enhancing their own homes (Beneficiary-led Construction/Enhancement).
  • Facilitating partnerships with private and public sector developers.

Confirming PMAY Launch Year

Based on the program's history and official records, the Pradhan Mantri Awas Yojana was introduced in 2015, making option 4 the correct choice among the given alternatives.

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