The Union Ministry of Housing and Urban Affairs has announced that over 51 lakh houses have been approved under Pradhan Mantri Awas Yojana (Urban) in the three years of its implementation. Out of 51 lakh sanctioned houses, over 28 lakhs houses are already in various stages of construction. Over 8 lakh houses have already been completed.
Pradhan Mantri Awas Yojana (Urban)
PMAY(U) aims provide affordable 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 provides subsidy ranging between Rs. 1 lakh to 2.30 lakh to people from above categories in order to make them secure.