SHORT ANSWER:
The 'Pradhan Mantri Awas Yojana' (PMAY) aims to provide affordable housing to the urban poor.
DETAILS:
- The scheme is for Economically Weaker Sections (EWS), Low Income Groups (LIG), and Middle Income Groups (MIG).
- Beneficiaries must not own a pucca house in their name.
- The maximum carpet area for EWS is 30 square meters, for LIG is 60 square meters, and for MIG is 120-150 square meters depending on the category.
- Financial assistance is provided through interest subsidies on home loans.
PUNISHMENT / IMPLICATIONS (if applicable):
- Misuse of the scheme can lead to penalties or disqualification from future benefits.
SOURCE:
- Pradhan Mantri Awas Yojana (PMAY) Guidelines, Ministry of Housing and Urban Affairs.
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