The correct answer is: A) Pradhan Mantri Awas Yojana (PMAY).
PMAY is a flagship program aimed at providing housing to the urban poor in India. It was launched by the Prime Minister of India, Narendra Modi, on 25 June 2015. The objective of PMAY is to provide a pucca house with basic amenities to all urban poor families by 2022.
PMAY is a centrally sponsored scheme with a total outlay of Rs. 1,00,000 crore. The scheme is being implemented through the Ministry of Housing and Urban Poverty Alleviation (MoHUA).
PMAY is a demand-driven scheme. The beneficiaries of PMAY are selected on the basis of their eligibility criteria. The eligibility criteria for PMAY are as follows:
- The beneficiary should be a citizen of India.
- The beneficiary should be a member of a household whose annual income is less than Rs. 3 lakh.
- The beneficiary should not have any other house in his/her name.
- The beneficiary should not have availed any housing subsidy from the government in the past.
The beneficiaries of PMAY are provided with a financial assistance of Rs. 2.67 lakh. This assistance is provided in the form of a loan from the government. The loan is repayable over a period of 20 years at an interest rate of 6% per annum.
In addition to the financial assistance, the beneficiaries of PMAY are also provided with a subsidy of Rs. 1.2 lakh. This subsidy is provided in the form of a grant from the government. The subsidy is available to the beneficiaries who are unable to afford the loan repayments.
PMAY has been a very successful scheme. As of March 2020, more than 1 crore houses have been sanctioned under PMAY. More than 50 lakh houses have been completed and handed over to the beneficiaries.
PMAY has had a positive impact on the lives of the urban poor. It has helped them to improve their living conditions and to live a dignified life.
The other options are incorrect because they are not flagship programs aimed at providing housing to the urban poor in Karnataka.