• Dr.G.Thiyagarajan
• Dr.R.Kamaraj

To ensure that all Indian people have access to affordable housing by 2022, the Pradhan Mantri Awas Yojana (PMAY) was launched in 2015 by the Indian government. The government's goal in instituting the credit linked subsidy scheme (CLSS) was to encourage homebuying and construction loans by subsidizing the interest paid by eligible borrowers. Those in the middle class, those in economically disadvantaged situations, and those in low income brackets were the intended beneficiaries of the program's inception. Pradhan Mantri Awas Yojana-Urban (PMAY-U) and Pradhan Mantri Awas Yojana Gramin (Pradhan Mantri Awas Yojana Rural) are the two parts of the initiative that are separated according to the areas they serve. The Indian government is making progress towards its housing goals, which it aims to achieve by 2022, according to the Economic Survey 2020-21. The survey also noted that 90% of urban households and approximately 78% of rural households have homes made from basic materials like wood, cement, metals, bricks, concrete, etc. The plan has made a huge impact on other parts of the economy, leading to a multiplier effect that has created jobs in about 30 different occupations (such as plumbing, masonry, carpentry, etc.). Also, in 2020, almost 1.65 million individuals were employed thanks to PMAY-U's forward and backward linkages. To back up its affordable housing aim, the government is also launching a number of additional programs. For instance, a sub-scheme under PMAY called affordable rental housing complexes (ARHCs) was introduced in May 2020 with the aim of making life easier for urban migrants and low-income groups like factory workers, educational and healthcare professionals, and urban poor people like street vendors, rickshaw pullers, and other service providers.

PMAY, Government, Weaker Sections, Housing and Employment.

"IMPACT AND BENEFICIARIES OF PRADHAN MANTRI AWAS YOJANA SCHEME – AN OVERVIEW", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.c121-c130, March-2024, Available :http://www.jetir.org/papers/JETIR2403216.pdf

"IMPACT AND BENEFICIARIES OF PRADHAN MANTRI AWAS YOJANA SCHEME – AN OVERVIEW", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. ppc121-c130, March-2024, Available at : http://www.jetir.org/papers/JETIR2403216.pdf