Pradhan Mantri Awas Yojana-Urban (PMAY-U):
The Centre has committed Rs 2.01 lakh crore for the PMAY-U, of which Rs 1.18 lakh crore has been released and Rs 1.10 lakh crore has been spent.
- 21 crore houses have been sanctioned under the scheme so far.
- PMAY- Urban Launched by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA) in Mission mode in 2015.
- It envisions provision of Housing for All by 2022, when the Nation completes 75 years of its Independence.
- The Mission seeks to address the housing requirement of urban poor including slum dwellers through following programme verticals:
- Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource.
- Promotion of Affordable Housing for weaker sections through credit linked subsidy.
- Affordable Housing in Partnership with Public & Private sectors.
- Subsidy for beneficiary-led individual house construction /enhancement.
- Credit linked subsidy component will be implemented as a Central Sector Scheme while other three components will be implemented as Centrally Sponsored Scheme (CSS).
