Q. Consider the following statements regarding the Pradhan Mantri Awas Yojana (PMAY):

1. It is a credit linked subsidy scheme available for both salaried and self-employed individuals.
2. The scheme benefits are available only for houses having less than 60 sq. m. carpet area.

Which of the above statements is/are correct?
Answer: Only 1
Notes: Statement 1 is correct as the PMAY Credit Linked Subsidy Scheme covers both salaried and self-employed persons from EWS, LIG, and MIG groups. Statement 2 is incorrect because while there are carpet area limits (up to 30 sq. m. for EWS and 60 sq. m. for LIG), construction of a larger house is also permitted, so benefits are not restricted only to houses under 60 sq. m.