The Pradhan Mantri Awas Yojana (PMAY) is a government initiative aimed at providing affordable housing to the urban poor. Here's an overview of the scheme: Eligibility Criteria 1. *Income*: The annual income of the beneficiary family should not exceed ₹18 lakh. 2. *Residency*: The beneficiary family should not own a pucca house in their name or in the name of any family member in any part of India. 3. *Family composition*: The beneficiary family should consist of husband, wife, and unmarried children. Key Features 1. *Subsidy*: The government provides a subsidy on the interest rate of the home loan, ranging from 3% to 6.5% per annum. 2. *Affordable housing*: The scheme aims to provide affordable housing units to the urban poor, with a focus on economically weaker sections (EWS) and low-income groups (LIG). 3. *Credit-linked subsidy*: The subsidy is credited directly to the beneficiary's bank account, reducing the loan amount and the interest payable. Types of Beneficiaries 1. *Economically Weaker Sections (EWS)*: Families with an annual income up to ₹3 lakh. 2. *Low-Income Groups (LIG)*: Families with an annual income between ₹3 lakh and ₹6 lakh. 3. *Middle-Income Groups (MIG)*: Families with an annual income between ₹6 lakh and ₹18 lakh. How to Apply 1. *Online application*: Apply online through the PMAY website or the Common Services Centers (CSCs). 2. *Offline application*: Apply offline through the Urban Local Bodies (ULBs) or the PMAY nodal agencies. Required Documents 1. *Aadhaar card* 2. *Income certificate* 3. *Residence proof* 4. *Bank account details* 5. *Other relevant documents*