Housing schemes in India are initiatives by the government to offer affordable housing to all people, especially economically weaker sections, low-income groups, and middle-class families. Such schemes are made to cater to the rising demand for housing and to support urban development.
One of the prominent housing schemes is the Pradhan Mantri Awas Yojana (PMAY), offering home loan subsidies to make housing more accessible. Other prominent schemes include the Rajiv Awas Yojana (RAY), and other initiatives at the state level, such as DDA, MHADA, who are building homes in urban and rural areas.
These schemes include financial assistance, interest rebates, and infrastructural development such as roads, water, and sanitation. Housing schemes are vital for enhancing the living standards of the citizens, promoting social equality, and facilitating government policies for a balanced and sustainable growth of the city. For more insights into popular and upcoming housing schemes and their impact on India's infrastructure and development, explore our web stories.