Pradhan Mantri Awas Yojana (Urban)

It was launched in 2015 by Ministry of Housing and Urban Affairs with the objective of providing central assistance to implementing agencies through States/Union Territories (UTs) for providing houses to all eligible families/beneficiaries by 2022. The Mission has been extended upto 31^st December 2024 to complete the already sanctioned houses upto 31^st March 2022. The components of PMAY (Urban) include:

• In-situ Slum Development (erstwhile Rajiv Awas Yojana): Grant of 1 lakh/house is provided.
• Credit Linked Subsidy Scheme (CLSS): Interest Subsidy is given to certain sections like EWS, LIG, and MIG is provided.
• Affordable Housing in partnership with public or private sector: Assistance of 1.5 lakh per EWS house is provided (condition 35% houses must be for EWS).
• Beneficiary led individual house construction (erstwhile Rajiv Rinn Yojana): Assistance of 1.5 lakh per house for individual EWS is provided.
• As of November 2022, more than 1.20 crore houses have been sanctioned under the Mission, out of which more than 64 lakhs have been completed and the rest are in various stages of construction/grounding.
• Bhuvan mobile app to Geo-tag stages of house construction, faster administrative clearances, implementation of Real Estate (Regulation and Development) Act etc. are some recent measures which would help in expediting the process and achieving the target.