Pradhan Mantri Awas Yojana

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About Pradhan Mantri Awas Yojana:

Pradhan Mantri Awas Yojana (PMAY) is a credit-linked subsidy scheme initiated to provide affordable housing to low and moderate-income residents across the country.
The newly formed government has approved the proposal to provide 3 crore additional rural and urban houses under PMAY.
The scheme has two components: PMAY-U for the urban poor and PMAY-G and PMAY-R for the rural poor.

PMAY-U (Urban):

Objective: To provide housing for all in urban areas.
Beneficiaries: Economically Weaker Section (EWS), Low-Income Group (LIG), and Middle-Income Group (MIG).
Subsidy Schemes:
- Credit Linked Subsidy Scheme: Offers interest subsidy on home loans for EWS, LIG, and MIG categories.
- In-Situ Slum Redevelopment: Utilizes land as a resource to provide houses to eligible slum dwellers.
- Affordable Housing in Partnership: Promotes partnerships with public and private sectors to provide affordable housing.
- Beneficiary-Led Construction: Provides financial assistance to individuals to construct or enhance their own houses.

PMAY-G (Gramin):

Objective: To provide a pucca house with basic amenities to all rural families who are homeless or living in kutcha or dilapidated houses.
Beneficiaries: Identified using the Socio-Economic and Caste Census (SECC) 2011.
Features:
- Financial Assistance: Rs. 1.2 lakh in plain areas and Rs. 1.3 lakh in hilly, difficult, and Integrated Action Plan (IAP) areas.
- Construction: Houses are to be constructed by beneficiaries with technical assistance from the government.
- Convergence with other schemes: Encourages convergence with other schemes like Swachh Bharat Mission (SBM) for toilet construction, and MGNREGA for wage employment.