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Housing For All Scheme: Pradhan Mantri Awas Yojana (Urban)

Madhavi Gaur October 03, 2023 03:34 6106 0

The Housing For All Scheme, also known as Pradhan Mantri Awas Yojana (Urban) Mission, was initiated on June 25, 2015, with the goal of providing housing for all in urban areas by 2022. To know more read this article.

Housing For All Scheme: Pradhan Mantri Awas Yojana (Urban)

Housing For All Scheme

Housing For All Scheme: The Housing For All Scheme, also known as Pradhan Mantri Awas Yojana (Urban) Mission, was initiated on June 25, 2015, with the goal of providing housing for all in urban areas by 2022. This mission falls under the administration of the Ministry of Housing and Urban Affairs.

Housing For All Scheme Recent Update

Housing For All Scheme: As of 2022, the Indian government has extended the scheme until December 2024. A significant financial assistance of ₹127,579 crores has been released, with 64.45 lakhs houses completed and 122.69 lakhs houses sanctioned.

Housing For All Scheme Overview

Pradhan Mantri Awas Yojana – Urban (PMAY-U) is a flagship mission implemented by the Ministry of Housing and Urban Affairs, launched on June 25, 2015. The primary objective is to address the housing deficit among Economically Weaker Sections (EWS)/Low Income Group (LIG) and Middle Income Group (MIG) categories, including slum dwellers, ensuring a pucca house for all eligible urban households by 2022.

Housing For All Scheme Beneficiaries

The scheme caters to different income groups:

  • Middle Income Group I (MIG I): ₹6 lakh to ₹12 lakh
  • Middle Income Group II (MIG II): ₹12 lakh to ₹18 lakh
  • Lower Income Group (LIG): ₹3 lakh to ₹6 lakh
  • Economically Weaker Section (EWS): Up to ₹3 lakh

Beneficiaries are eligible for various components of the scheme, with special consideration for people with disabilities, the elderly, minority groups, and vulnerable sections of society.

Housing For All Scheme Eligibility

Any household with an annual income between ₹3 lakh and ₹18 lakh is eligible. The beneficiary family must not own a pucca house anywhere in India to qualify for central aid under PMAY.

Housing For All Scheme Scope

The scheme’s operational period is from 2015 to 2022, covering urban areas, including statutory towns, notified planning areas, and various development authorities.

Housing For All Scheme Components

The Housing For All Scheme comprises four components:

  1. In-situ Slum Redevelopment (ISSR): Central assistance of ₹1 lakh per house for eligible slum residents.
  2. Credit Linked Subsidy Scheme (CLSS): Interest subsidies for EWS/LIG, MIG-I, and MIG-II beneficiaries.
  3. Affordable Housing in Partnership (AHP): Central assistance of ₹1.5 lakh for every EWS housing.
  4. Beneficiary-led Individual House Construction/ Enhancement (BLC-N/ BLC-E): Central assistance up to ₹1.5 lakh for EWS households.

Housing For All Scheme Coverage and Duration

The scheme is implemented in three phases, covering all 4041 statutory towns by March 2022.

  1. Phase I: April 2015 – March 2017, covering 100 cities.
  2. Phase II: April 2017 – March 2019, covering an additional 200 cities.
  3. Phase III: April 2019 – March 2022, covering the remaining cities.

Housing For All Scheme How to Apply

To apply for the Housing For All Scheme, visit the official PMAY website, create an account, verify details, select the desired scheme component, provide personal and financial information, upload required documents, and submit the application.

Housing For All Scheme Key Points

  • Reduced interest rate of 6.50% per year for house loans up to 20 years.
  • Use of durable and environmentally friendly construction technologies.

The Housing For All Scheme is a commendable initiative by the Indian government to provide housing to the underprivileged in both rural and urban areas. Proper implementation and adherence to the provisions are crucial for achieving the intended goals of the program.

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Housing For All Scheme FAQs

The scheme aims to provide housing that is affordable for everyone, with a specific focus on ensuring sustainable and economical housing options for individuals in the poor and low-income brackets.

On September 15, 2023, it was reported that Prime Minister Narendra Modi is scheduled to inaugurate the largest affordable housing project under PMAY in Solapur, Maharashtra, in October 2023. This initiative marks a significant milestone as the most extensive housing project in the state of Maharashtra.

The Housing for All scheme, also recognized as the Pradhan Mantri Awas Yojana, was launched by the Ministry of Housing and Urban Poverty Alleviation of the Indian government. Its primary aim was to provide housing facilities for slum dwellers.

PMAY facilitates homeownership and strives to offer economical housing to all residents, both urban and rural, in India by 2022. It specifically targets providing affordable housing solutions to the Economically Weaker Sections (EWS), Middle-Income Groups (MIG), and Low-Income Groups (LIG).
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