Government Approves Construction Of 1.5 Lakh Affordable Houses Under PMAY (U) Scheme

Government Approves Construction Of 1.5 Lakh Affordable Houses Under PMAY (Urban) Scheme- Details, Approval State List, About PMAY, Benefits

Union Ministry of Housing & Urban Affairs has approved construction of another 1.5 lakh affordable houses under Pradhan Mantri Awas Yojana (Urban) for benefit of urban poor.

The decision was made at the 34th meeting of Central Sanctioning and Monitoring Committee. It approved the investment of Rs 7,227 crores with Central assistance of Rs 2,209 crore.

In the 1.5 lakh sanctioned affordable houses, Andhra Pradesh tops the list of houses with 56,512 units, followed by Uttar Pradesh (26,060), Madhya Pradesh (17,920), Jharkhand (14,526) and Maharashtra (13,506). With this, cumulative houses under PMAY(U) would be 47,52,751 houses. Since the launch of the scheme in 2015, over 45 lakh affordable houses have been approved for construction from 2015 to 2018.

Pradhan Mantri Awas Yojana (Urban)

PMAY (U) scheme aims to provide houses to all poor in urban areas by 2022. It is a new version of Prime Minister’s Housing For All by 2022 vision. It seeks to construct 2 crores houses across India. It covers entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities.

PMAY (U) scheme intended beneficiaries include Poor people (BPL) and People living under Economically Weaker Sections (EWS) and LIG (Low-income Group) categories in urban establishments of the country.

PMAY (U) scheme also targets people living under MIG (middle-income Group). The government will provide subsidy ranging between 1 lakh to 2.30 lakh to people from above categories in order to make them secure