Why in the News?
The Central Sanctioning and Monitoring Committee (CSMC) has approved construction of 2.35 lakh houses under the Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0).
About Pradhan Mantri Awas Yojana (PMAY):
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About Pradhan Mantri Awas Yojana – Urban 2.0:
- PMAY-U 2.0 is the revamped version of PMAY-Urban, launched in 2024, with a renewed target to provide 1 crore additional pucca houses in urban India by 2028.
- It builds on the progress made under the original PMAY-U (2015), under which over 93 lakh houses have been constructed.
- The scheme supports house construction, purchase, and rental housing for eligible urban families under EWS, LIG, and MIG categories.
- The total investment for PMAY-U 2.0 is ₹10 lakh crore, with ₹2.3 lakh crore committed by the Centre as financial assistance or subsidies.
- CSMC (Central Sanctioning and Monitoring Committee) oversees approvals, with recent approvals including 2.34 lakh houses for nine states.
Key Features of PMAY-U 2.0:
- Four Implementation Verticals:
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- Beneficiary-Led Construction (BLC): Support for building houses on owned land.
- Affordable Housing in Partnership (AHP): Houses built with public/private sector collaboration.
- Affordable Rental Housing (ARH): Rental units for migrants, workers, and urban homeless.
- Interest Subsidy Scheme (ISS): Interest subsidy on housing loans for EWS, LIG, MIG.
- Target Beneficiaries:
- Families with annual income up to ₹3 lakh (EWS), ₹3–6 lakh (LIG), and ₹6–9 lakh (MIG).
- Must not own a pucca house anywhere in India in the name of any family member.
- Adult earning members are treated as separate households.
- Central Assistance:
- Up to ₹2.5 lakh per housing unit under BLC and AHP.
- Up to ₹1.8 lakh interest subsidy under ISS for home loans up to ₹25 lakh.
- Technology Innovation:
- Support for disaster-resistant, sustainable construction using Technology Innovation Grants (TIG).
- Real-time tracking with geo-tagging, BHUVAN platform, and PMAY-U portal.
- Inclusive Allocation:
- Special allocations for women, SC/ST/OBC, and transgender individuals.
- Focus on gender and social equity in housing distribution.
- Robust Governance and Monitoring:
- Implementation through Urban Local Bodies (ULBs).
- Direct Benefit Transfer (DBT) and Management Information System (MIS) for transparency.
- Coordination with Smart Cities, AMRUT 2.0, Swachh Bharat, and other schemes.
| [UPSC 2015] Pradhan Mantri Jan-Dhan Yojana’ has been launched for:
Options: (a) providing housing loan to poor people at cheaper interest rates (b) promoting women’s Self-Help Groups in backward areas (c) promoting financial inclusion in the country (d) providing financial help to the marginalized communities |
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