(THE GIST OF PIB) Pradhan Mantri Awas Yojana

(THE GIST OF PIB) Pradhan Mantri Awas Yojana


Pradhan Mantri Awas Yojana

  • The newly formed Cabinet has decided to further expand the Pradhan Mantri Awas Yojana and construct 3 crore additional rural and urban houses.

About Pradhan Mantri Awas Yojana

  • Pradhan Mantri Awas Yojana (PMAY) is a credit-linked subsidy scheme initiated to provide affordable housing to low and moderate-income residents across the country.

  • The newly formed government has approved the proposal to provide 3 crore additional rural and urban houses under PMAY.

  • The scheme has two components: PMAY-U for the urban poor and PMAY-G and PMAY-R for the rural poor.

PMAY-U (Urban)

  • Objective: To provide housing for all in urban areas.

  • Beneficiaries: Economically Weaker Section (EWS), Low-Income Group (LIG) and Middle-Income Group (MIG).

Subsidy Schemes:

  • Credit Linked Subsidy Scheme: Offers interest subsidy on home loans for EWS, LIG, and MIG categories.

  • In-Situ Slum Redevelopment: Utilizes land as a resource to provide houses to eligible slum dwellers.

  • Affordable Housing in Partnership: Promotes partnerships with public and private sectors to provide affordable housing.

  • Beneficiary-Led Construction: Provides financial assistance to individuals to construct or enhance their own houses.

PMAY-G (Gramin)

  • Objective: To provide a pucca house with basic amenities to all rural families who are homeless or living in kutcha or dilapidated houses.

  • Beneficiaries: Identified using the Socio-Economic and Caste Census (SECC) 2011.



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Courtesy: PIB