The Pradhan Mantri Awas Yojana (PMAY) is a government of India scheme launched on 25 June 2015 by Prime Minister Narendra Modi. The scheme aims to provide affordable housing for all Indians by 2022. The scheme is implemented by the Ministry of Housing and Urban Affairs.
The PMAY is a demand-side subsidy scheme. This means that the government provides subsidies to individuals who are eligible for the scheme. The subsidy is given in the form of a loan, which is interest-free for the first 15 years. The loan is repayable over a period of 20 years.
The PMAY is a very ambitious scheme. It aims to provide housing for 20 million families by 2022. The scheme has been implemented in all states and union territories of India.
The PMAY has been successful in providing housing for millions of families. However, the scheme has also faced some challenges. One of the challenges is that the scheme is not reaching the poorest of the poor. Another challenge is that the scheme is not being implemented in a timely manner.
Despite the challenges, the PMAY is a very important scheme. It is helping to improve the lives of millions of Indians.
The correct answer to the question is: Affordable housing.
The other options are: Clean drinking water, Electricity to rural households, and Sanitation facilities. These are all important issues, but they are not the focus of the PMAY. The PMAY is a housing scheme, and its primary focus is to provide affordable housing for all Indians.