Government approved 708 proposals for construction of 3.61 lakh houses under PMAY-U

Government approved 708 proposals for construction of 3.61 lakh houses under PMAY-U

Subject : Government Schemes

Context : With this, as on date, the total number of sanctioned houses under PMAY(U) is now 112.4 of which 48.31 lakh have been completed/delivered.

Concept :

• In addition, ‘PMAY- U Awards 2021 – 100 Days Challenge’ was also launched by Ministry of Housing & Urban Affairs (MoHUA) .
• The awards are given to recognize and celebrate the outstanding performances by States, Union Territories (UTs), Urban Local Bodies (ULBs) and beneficiaries for successful implementation of the Mission.

Pradhan MantriAwasYojana (URBAN)

• The Mission will be implemented during 2015-2022.
• Mission: To achieve the goal of Housing for All in Urban areas by 2022, when the Nation completes 75 years of its Independence.
• Under it, central assistance will be provided to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs for:

In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation

Credit Linked Subsidy

Affordable Housing in Partnership

Subsidy for Beneficiary-led individual house construction/enhancement.

• Funding: Credit linked subsidy component will be implemented as a Central Sector Scheme while other three components will be implemented as Centrally Sponsored Scheme (CSS).
• Eligibility: All statutory towns as per Census 2011 and towns notified subsequently would be eligible for coverage under the Mission.