A COMPARATIVE ANALYSIS OF INDIRA AWAS YOJANA AND PRADHAN MANTRI AWAS YOJANA IN DEVELOPING HOUSING IN INDIA

This paper compares two significant Indian housing development schemes. The first one is the Indira Awas Yojana (IAY) scheme and another one is the Pradhan Mantri Awas Yojana (PMAY) scheme. The present study has investigated both schemes' goals, implementation methods, effects on beneficiaries, and general efficacy using a multifaceted approach. The PMAY scheme was introduced in 2015 to provide urban poor people with affordable housing through the use of a comprehensive and progressive framework. On the other hand, the IAY scheme was implemented in 1985 with the aim of offering housing support to rural populations. The IAY scheme was subsequently merged into the PMAY scheme in 2016, Although both programmes have significantly improved India's housing scarcity. The targeted strategy of the IAY scheme had a significant impact on rural housing, whereas the inclusive and participatory model of the PMAY has demonstrated encouraging results in urban regions. The results imply that a hybrid approach that combines the best features of both programmes would be more successful in addressing India's many housing and housing development issues. The current study has made a small attempt to present a comparative picture of both schemes shows their reach, scale, and results for the beneficiaries in India purely based on secondary data. KEYWORDS: Indira Awas Yojana (IAY), Pradhan Mantri Awas Yojana (PMAY), Housing Development, Affordable Housing, Social Welfare, Rural Development, etc.