Pradhan Mantri Awas Yojana-Urban

Pradhan Mantri Awas Yojana-Urban

The Pradhan Mantri Awas Yojana – Urban (PMAY-U) is a flagship housing initiative launched by the Ministry of Housing and Urban Affairs (MoHUA) to ensure affordable housing for all urban households in India.

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Overview

• Objective: Achieve Housing for All by 2022 by providing affordable housing with interest subsidies.
• Target Beneficiaries:
  • Economically Weaker Section (EWS): Annual family income up to ₹3,00,000.
  • Low-Income Group (LIG): Annual family income up to ₹6,00,000.
  • Middle-Income Groups (MIG I & II): Annual family income up to ₹18,00,000.
  • Focuses on urban poor, slum dwellers, and families lacking adequate housing.

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Four Verticals of PMAY-U

1. In-Situ Slum Redevelopment (ISSR):
   • Utilizes "land as a resource" to redevelop slums with private sector participation.
   • Focus: Providing new housing for slum dwellers.
2. Affordable Housing through Credit Linked Subsidy Scheme (CLSS):
   • Interest subsidies offered to homebuyers in EWS, LIG, and MIG categories:
     • 6.5% for loans up to ₹6 lakh.
     • 4% for loans up to ₹9 lakh.
     • 3% for loans up to ₹12 lakh.
   • Benefits extended for new constructions, purchases, or house enhancements.
3. Affordable Housing through Partnership (AHP):
   • Projects with 35% of houses allocated for the EWS category qualify for Central Assistance.
   • Focus: Collaboration between government and private entities.
4. Beneficiary-led Individual House Construction (BLC):
   • Central assistance of up to ₹1.5 lakh per EWS family for self-construction or enhancement.

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Key Features

1. Demand-Driven Approach:
   • Housing shortages determined through state/UT-level demand assessments.
   • Strengthens cooperative federalism.
2. Funding Mechanism:
   • Centrally Sponsored Scheme (CSS): Funding shared by the Union and State Governments.
   • Central Sector Scheme (CLSS): Entirely funded by the Central Government.
3. Geotagging:
   • Mandatory geotagging of houses built under PMAY-U using ISRO's Bhuvan HFA application.
4. Women Empowerment:
   • Promotes ownership in women’s names (or joint ownership).
   • Preference for widows, single women, SC/ST, minorities, persons with disabilities, and transgender individuals.

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Major Initiatives

1. Affordable Rental Housing Complexes (ARHCs):
   • Sub-scheme for urban migrants/poor working in industrial and informal sectors.
   • Provides dignified rental housing near workplaces.
2. Global Housing Technology Challenge:
   • Mainstreams eco-friendly, disaster-resilient, and innovative construction technologies.
3. CLSS Awas Portal (CLAP):
   • Centralized platform integrating all stakeholders to process and track subsidy applications.

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Key Takeaways
The PMAY-U reflects the government's commitment to urban housing and inclusive development by blending financial assistance, innovative technologies, and cooperative governance. Its demand-driven and socially inclusive model ensures a broader reach among vulnerable and economically disadvantaged groups.

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