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Extension Of Urban Housing Scheme Till 2024

Extension Of Pradhan Mantri Awas Yojana Till 2024:

The union cabinet has approved the extension of the flagship urban housing scheme — Pradhan Mantri Awas Yojana (Urban) — till December 31, 2024.

  • PMAY Launched in 2015, the original deadline for the scheme aimed at providing affordable housing with incentives was March 2022.
  • It was launched with the aim to achieve housing for all by 2022.
  • According to data on the PMAY site, a total of 12.26 million houses have been sanctioned so far, out of which 61.77 lakh houses have been completed.
  • In December 2021, the cabinet approved the extension of the rural housing scheme, PMAY-Gramin (Rural) till March 2024.
  • The Urban scheme is being implemented through four verticals:
    • Beneficiary-Led Construction (BLC)
    • Affordable Housing in Partnership (AHP)
    • In-situ Slum Redevelopment (ISSR)
    • Credit Linked Subsidy Scheme (CLSS).