Pradhan Mantri Awas Yojana (Urban): Government approves construction 1.5 lakh affordable houses

The 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. Decision in this regard was taken at 34th meeting of Central Sanctioning and Monitoring Committee. It approved investment of Rs 7,227 crore with Central assistance of Rs 2,209 crore.

Key Facts

Of 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) aims provide houses to all poor in urban areas by 2022. It is new version of Prime Minister’s Housing For All by 2022 vision. Its objective is to construct two crore houses across nation. It covers entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities.
Intended beneficiaries of scheme are Poor people (BPL) and People living under Economically Weaker Sections (EWS) and LIG (Low income Group) categories in urban establishments of country. It also targets people living under MIG (middle income Group). Government will provide subsidy ranging between 1 lakh to 2.30 lakh to people from above categories in order to make them secure.

Month: Current Affairs - June, 2018