As of 15 July 2024, 2 crore 94 lakh houses are sanctioned and 2 crore 63 lakh houses are completed under PMAY scheme.

[ST1976]

Pradhan Mantri Awas Yojana (PMAY) Scheme - Details​

Latest Update:

Budget 2024-25: Three crore more houses will be provided under the PM Awas Yojana in rural and urban areas. Under the PM Awas Yojana Urban 2.0, the housing needs of 1 crore urban middle-class and poor families will be addressed with an investment of Rs.10 lakh crore. This will include the central assistance of Rs.2.2 lakh crore in the next 5 years.

Budget 2023-24: In the Budget 2023, the outlay for the Pradhan Mantri Awas Yojana was enhanced by 66% to over Rs.79,000 crore.

Pradhan Mantri Awas Yojana is a social welfare flagship programme of the Indian Government. It was launched in 2015 to provide pucca houses to all eligible beneficiaries in the urban and rural areas of the country.

What is Pradhan Mantri Awas Yojana?​

Pradhan Mantri Awas Yojana (PMAY) was launched with the aim to provide housing at an affordable price to the weaker sections of the society, lower income group people, urban poor, and rural poor. The Yojana involves a construction of around 20 million houses at an affordable price. In the Budget 2023, the outlay for the Pradhan Mantri Awas Yojana was enhanced by 66% to over Rs.79,000 crore. The Pradhan Mantri Awas Yojana has two components:

1. Pradhan Mantri Awas Yojana Urban (PMAY-U)
2. Pradhan Mantri Awas Yojana Gramin (PMAY-G)

The scheme is also linked with other schemes like:

• Swachh Bharat Abhiyan which aims at reducing open defecation by constructing in-house toilets and community-owned toilets and aims to maintain cleanliness around the streets, roads, and houses
• Saubhagya Yojana which aims at providing electricity connection
• Ujjwala Yojana which aims at providing LPG Gas connection
• Accessibility of pure drinking water
• Pradhan Mantri Jan Dhan Yojana which aims at opening a zero balance account and spreading banking facilities to each and every person in the society.

Pradhan Mantri Awas Yojana Urban (PMAY-U)​

PMAY-U focuses on providing affordable houses to providing houses to all eligible families/ beneficiaries not having a pucca house in cities and towns. All houses under the PMAY-U will have basic amenities, such as water supply, kitchen, electricity and toilet.

This scheme promotes women empowerment by providing the house/ land ownership in name of the female member or in joint names. Under this scheme, preference is given to senior citizens, differently abled persons, SCs, STs, Other Backward Classes (OBCs), single women, transgender, minority, other weaker and vulnerable sections of the society.

In August 2022, the Union Cabinet approved for the continuation of PMAY-U up to 31 December 2024. As of 15 July 2024, 118.64 lakh houses are sanctioned and 84.7 lakh houses are completed under this scheme.

Pradhan Mantri Awas Yojana Gramin (PMAY-G)​

PMAY-G focuses on providing pucca houses to all households living in kutcha houses or all houseless people in rural areas. This scheme combines with other Government schemes to provide basic amenities to the houses, such as electricity, drinking water, clean and efficient cooking fuel, toilet, treatment of solid and liquid waste etc.

Under this scheme, cost of unit assistance will be shared between the Central and State Government in the ratio 60:40 in plain areas and 90:10 for North Eastern states, Himachal Pradesh, Uttarakhand and Jammu and Kashmir. As of 15 July 2024, 2 crore 94 lakh houses are sanctioned and 2 crore 63 lakh houses are completed under this scheme.

Pradhan Mantri Awas Yojana (PMAY) Scheme - Details

PMAY - Pradhan Mantri Awas Yojana aims to provide housing at an affordable price to the weaker sections of the society. Read on to know about PM Awas Yojana.

cleartax.in

 

[ST1976]

Modi 3.0 approves 3 cr more houses under PM Awas Yojana in rural & urban India​

Two crore of these could come up in rural areas. Plan to provide relief on interest charged on home loans to eligible beneficiaries in urban areas in the works.​

New Delhi: The newly formed Union Cabinet Monday approved the proposal to sanction three crore houses in rural and urban areas under the Pradhan Mantri Awas Yojana (PMAY) in what was one of the first major decisions of the NDA government in its third term.

The PMAY, in the last 10 years, has ensured 4.21 crore houses for eligible economically poor families, according to the latest government figures.

“It has been decided in the Cabinet meeting today to provide assistance to 3 crore additional rural and urban households for the construction of houses to meet the housing requirements arising out of the increase in the number of eligible families,” read the statement issued by the Prime Minister’s Office (PMO) Monday.
Houses constructed under PMAY come with basic amenities such as toilets, LPG connection, electricity connection, functional water tap connection, etc., facilitated under other central and state schemes, said the PMO statement.

The Prime Minister Narendra Modi-led government, it added, has been working on a plan to bridge the housing gaps in rural and urban areas from last year.

Though the Centre did not give a break-up of the number of houses in rural and urban areas, it will likely provide financial assistance to two crore families in rural areas for houses, according to the interim budget this year.

The Union housing and urban affairs ministry — the nodal ministry for implementing PMAY-Urban — is also working on a plan to provide relief on home loans to eligible beneficiaries in urban areas.

Ahead of the Lok Sabha elections, the government campaigned on affordable housing to connect with poor people in rural areas and the middle-class segment in cities.

Modi, in his Independence Day speech last year, announced that the government was planning a scheme to provide relief on the interest charged on home loans for middle-class families in urban areas. The PM, speaking from the ramparts of the Red Fort, said, “Middle-class families are dreaming of their own house. We are coming up with a plan for that also for the coming few years… family members who live in cities but live in rented houses, live in slums, live in chawls, unauthorised colonies (will be covered). We have decided to help (people save) lakhs of rupees by giving relief in the interest of the loan they will take from the bank.”

Presenting the 2024-25 interim budget in February this year, Union Finance Minister Nirmala Sitharaman first announced the decision to construct two crore additional houses in rural areas. “Despite the challenges due to COVID, implementation of PMAY-G continued and we are close to achieving the target of three crore houses. Two crore more houses will be taken up in the next five years to meet the requirement arising from (an) increase in the number of families,” she said at the time.

Under PMAY-Gramin (PMAY-G), which ended on March 31 this year, 2.95 crore rural beneficiaries have received financial assistance to build houses, and the rural development ministry’s dashboard on the scheme showed 2.62 crore of these houses are complete. On the other hand, 1.19 crore houses have been sanctioned under PMAY-Urban, according to the latest government figures.

Last year, the Modi government also decided to sanction five lakh additional houses to Particularly Vulnerable Tribal Groups (PVTGs) under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN), launched in November 2023.

(Edited by Madhurita Goswami)

Modi 3.0 approves 3 cr more houses under PM Awas Yojana in rural & urban India

Two crore of these could come up in rural areas. Plan to provide relief on interest charged on home loans to eligible beneficiaries in urban areas in the works.

theprint.in

 

[ST1976]

Pradhan Mantri Awas Yojana (PMAY)-Urban 2.0 Scheme: Eligibility to apply, beneficiaries, interest subsidy for homebuyers

The Pradhan Mantri Awas Yojana - Urban 2.0 (PMAY-U 2.0) is a government initiative aimed at providing financial assistance to middle-class and urban impoverished families.

www.businesstoday.in

Govt Building Homes That Poor Do Not Want

Residents walk past a block of state-funded flats for slum dwellers in the western Indian city of Surat. Slum dwellers are reluctant to move to the houses built by the government due to lack of...

www.indiaspend.com

PM Awas Yojana: More than 29.5 m rural houses will be built by March

The Narendra Modi-led government is set to surpass the construction of 37 million rural houses by March, compared to about 32 million under the previous Indira Awas Yojana over 29 years, showcasing a significant rural development initiative. Under the PM Awas Yojana (Gramin), the government aims...

economictimes.indiatimes.com

Pradhan Mantri Awas Yojana 2024

Pradhan Mantri Awas Yojana (PMAY) 2024 continues its venture to provide low priced housing for all with the aid of 2022, now extending efforts to make certain housing for extra beneficiaries. This initiative specializes in economically weaker sections, low-profits agencies, and middle-profits...

www.investormart.co.in

https://www.hindustantimes.com/budget/budget-2024-interest-subsidy-returns-under-pm-awas-yojana-2-0-urban-budget-2024-101721745675222.html

 

[ST1976]

Pradhan Mantri Awas Yojana (PMAY)​

Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana is a credit-linked subsidy scheme by the Government of India to facilitate access to affordable housing for the low and moderate-income residents of the country.

dics.co

Context: In the first Cabinet meeting of the third term, the PM approved assistance for constructing three crore houses under the Pradhan Mantri Awas Yojana (PMAY). Of the 3 crore houses, two crore will be built under PMAY-Gramin and one crore under PMAY-Urban. Pradhan Mantri Awas Yojana (PMAY)

• The Pradhan Mantri Awas Yojana (PMAY) is a flagship housing scheme (centrally sponsored) launched by the Government of India in 2015 to provide affordable housing to the urban and rural poor.

• To provide pucca (permanent) houses with basic amenities to all houseless households and those living in kutcha (temporary) and dilapidated houses in rural areas.
• Target Beneficiaries: Households with an annual income of up to Rs. 3 lakh (based on SECC 2011).
• Unit Assistance: Financial assistance of Rs. 1.20 lakh in plain areas and Rs. 1.30 lakh in hilly/difficult areas is provided for the construction of a house.
• The scheme is implemented by the Ministry of Rural Development and is funded by the central and state governments in a 60:40 ratio for most states (90:10 for special category states; 100% for UTs).

• To provide affordable housing to the urban poor, including slum dwellers.
• Target Beneficiaries: Households with an annual income of up to Rs. 3 lakh (Economically Weaker Sections, or EWS) and Rs. 3-6 lakh (Low-Income Groups, or LIG).
• Unit Assistance: Central assistance of Rs. 1.5 lakh for EWS and Rs. 1 lakh for LIG is provided, along with additional benefits like interest subsidies on home loans.
• The scheme is implemented by the Ministry of Housing and Urban Affairs and is funded by the central and state governments in a 60:40 ratio for most states.

• In-situ Slum Redevelopment (ISSR);
• Credit Linked Subsidy Scheme (CLSS) – interest subsidies on home loans.
• Affordable Housing in Partnership (AHP) – encourages public-private partnerships and
• Beneficiary-led individual house construction/enhancements (BLC),

Pradhan Mantri Awas Yojana

Pradhan Mantri Awas Yojana is a credit-linked subsidy scheme by the Government of India to facilitate access to affordable housing for the low and moderate-income residents of the country.

dics.co

.

Pradhan Mantri Awas Yojana deadline extended till December next year: Centre

PStates and UTs have been advised to accelerate the pace of construction and ensure the completion of sanctioned houses and projects within the stipulated timelines as per Detailed Project Report (DPR). The Ministry also regularly reviews the status of the implementation of the scheme through...

www.etvbharat.com

.

 

[ST1976]

PM housing scheme to be completed by December | Know how to apply, check status, eligibility? All DETAILS

Pradhan Mantri Awas Yojana: The mission launched by the Centre is expected to be completed by December this year with the target to construct 29.3 million houses for all rural poor.

www.indiatvnews.com