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Pradhan Mantri Awas Yojana-Urban (PMAY-U)

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).