PMAY acting as change agent with demonstrated wealth effect: SBI report

IANS | October 15, 2025 10:01 AM

New Delhi, Oct 15 (IANS) At least 1.2 crore houses have been sanctioned under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) and PMAY-U 2.0 (till August 25), and the scheme is acting as a change agent with it becoming a catalyst for enhanced discretionary and even non-discretionary spending with a demonstrated wealth effect, financial stability and well-being, an SBI report said on Wednesday.