Pradhan Mantri Awas Yojana- Housing for All (Urban)

Ministry/Department :  Ministry of Housing & Urban Affairs
 
It is the vehicle to achieve objective of  “Housing for All” Mission in Urban areas.
 
Scheme:
  • The aim of this scheme is to construct more than two crore houses across the length and breadth of the nation.
  • The target beneficiaries of the scheme would be poor and people living under EWS and LIG categories in urban establishments of the 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.
  • The government would provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 15 years from the start of loan.
  • The houses under Pradhan Mantri Awas Yojana would be allotted to preferably the female member of the family.
  • All details of “Housing for All by 2022” Mission are also applicable here.
  • It covers the entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities.
  • It also targets people living under MIG (middle income Group)
 ias4sure.com - Pradhan Mantri Awas Yojana- Housing for All (Urban)
 
 
 
Factual Information:
  • Launched in 2015
 
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