The Pradhan Mantri Awas Yojana (URBAN)-Housing for All was a government of India initiative to increase homeownership. It set a goal of achieving 'Housing for All' by 2022. Credit Linked Subsidy Scheme (CLSS) was launched as part of this mission to provide interest subsidy on loans taken for the purchase/construction/extension/improvement of a dwelling. The PMAY program is targeted at the Economically Weaker Section (EWS)/Lower Income Groups (LIG) and Middle Income Groups (MIG) of society, in light of India's expected urbanization growth and resulting housing need.
