Pradhan Mantri Awas Yojana – Urban (PMAY-U)

About Pradhan Mantri Awas Yojana – Urban (PMAY-U):

• Implementation: 
  • The Mission will be implemented during 2015-2022.
  • It is implemented by the Union Ministry of Housing and Urban Affairs (MoHUA).
• Mission:To achieve the goal of Housing for All in Urban areas by 2022, when the Nation completes 75 years of its Independence.
• Features:Under it, central assistance will be provided to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs for:
  • In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation
  • Credit Linked Subsidy
  • Affordable Housing in Partnership
  • Subsidy for Beneficiary-led individual house construction/enhancement.
• Funding:Credit linked subsidy component will be implemented as a Central Sector Scheme while other three components will be implemented as Centrally Sponsored Scheme (CSS).
• Eligibility:All statutory towns as per Census 2011 and towns notified subsequently would be eligible for coverage under the Mission.

Source : The Hindu