In an aim to offer affordable housing to a certain section of the people in India, Our PM Narendra Modi announced the Pradhan Mantri Awas Yojana (PMAY) initiative in June 2015. The main aim of this initiative is to provide "Housing for All" in India with the construction of 2 crore houses by the year 2022. Before you can think about the benefits this system offer on your home loan EMIs, there are some things you should keep in mind.