The Pradhan Mantri Awas Yojana, a central government scheme of subsidies for low-income housing, is singularly unimaginative and poorly thought-through. It is unlikely to deliver worthwhile results. The promised funds could be far more effectively deployed if used differently. This article examines the scheme's deficiencies and suggests options that should be explored. It also considers the Model Tenancy Act of April 2015 and the National Urban Rental Housing Policy (Draft) released in October 2015.