Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 : Approved
The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, which aims to provide financial assistance to help one crore urban poor and middle-class families build, purchase, or rent affordable housing over five years.
- The scheme, targets families with no permanent house and offers subsidies on home loans for economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG).
- The program also includes support for rental housing and innovative construction technologies to ensure better living conditions in urban areas.
