PMAY - Pradhan Mantri Awas Yojana
About Pradhan Mantri Awas Yojana
Cabinet Decision: 9th August, 2024
Prime Minister Housing Scheme – Urban 2.0 Scheme
Financial assistance will be provided to One crore urban poor and middle-class families in 5 years
Investment of Rs.10 lakh crore and Government Subsidy of 2.30 lakh crore under PMAY-U 2.0
Pradhan Mantri Awas Yojana (PMAY) is a scheme launched by the Government of India with the main objective of providing a home to every citizen of the country. Under this scheme, low income people are given financial assistance from the government so that they can build their own house.
Main Objectives:
* Reducing poverty and housing shortage in the country.
* Construction of affordable houses in urban and rural areas.
* Providing clean and safe housing facility.
Benefits of the plan:
* Financial Assistance: Beneficiaries get financial assistance from the government to build houses.
* Affordable Housing: The houses available under this scheme are cheap.
* Self Ownership: Beneficiaries of this scheme become owners of their own houses.
* Improved standard of living: Having own house improves the standard of living of people.
Who can benefit:
* Low income families
* People living in urban and rural areas
* Homeless people
For more information:
* Official Website: You can get detailed information by visiting the official website of PMAY.
* Local authorities: You can get more information by visiting your nearest taluka or district office.
Note: This is a brief information only. For detailed information consult the sources mentioned above.
Do you want to know anything specific about PMAY? For example, you want to know how to apply for a scheme or know which category you fall into.
The Union Cabinet on Friday approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 under which financial assistance will be provided to one crore urban poor and middle-class families through states and Union Territories to construct, purchase, or rent a house at an affordable cost in urban areas in five years.
The decision was taken at a Cabinet meeting chaired by Prime Minister.