Housing for poor finally takinga off,

Though the central government's Housing for all or Pradhan Mantri Awas Yojna
(PMAY) slow starter, the scheme seems to have gain momentum in the past six months.

The government launched the scheme urban poor in June 2015 and extended  it to ruralint areas in November 2016 promising a firm (pucca) housing unit for every household covered by 2022.
Initially, it intended to cover only
the economically weaker sections or EWS (those earning up to ₹3 lakh a year) and low income group or LIG (earning upto ₹ 6 lakh) The coverage  was later increased to include the middle income group.

Property developers and the consultants say the scheme will be successful in the next two years, given the government recent initiatives to buyers low cost homes and to the builders. An interest subsidy of 3-6.5% was announced for loans of ₹6-12 lakh for those in the EWS and LIG category who wish to take a lone up to ₹6 lakhs, there an interest subsidy of 6.5 % for a tenure of 15 years. Around 20,000 people have availed of the money under this scheme as of January this year.

In December the government had increased the lone amount to ₹12 lakh, targeting the mid -
income category. The interest subsidy on loan up to ₹12 lakh is 3 % for rural areas,an interest subvention of 3% ₹12 lakh for constructing new homes or extension of old ones.