Prime Minister in the first Cabinet meeting of his third term approved assistance for construction of three crore rural and urban houses under PMAY

Prime Minister in the first Cabinet meeting of his third term approved assistance for construction of three crore rural and urban houses under PMAY.Prime Minister approved aid for building three crore houses under PMAY, with two crore under PMAY-Gramin and one crore under PMAY-Urban.The government announced that additional housing units will be built beyond those planned under PMAY-G and PMAY-U by December 2024, extending the original target from March 2022.

Pradhan Mantri Awas Yojana

Pradhan Mantri Awaas Yojana- Gramin (PMAY-G)

• Launch: To achieve the objective of “Housing for All” by 2022, the erstwhile rural housing scheme Indira Awaas Yojana (IAY) was restructured to Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) from 1st April 2016, as a centrally sponsored scheme.
• Ministry Involved: Ministry of Rural Development.
• Status: States/UTs have sanctioned 2.85 crore houses to the beneficiaries and 2.22 crore houses have been completed till March 2023.
• Aim: To provide a pucca house with basic amenities to all rural families, who are homeless or living in kutcha or dilapidated houses by the end of March 2022.
• To help rural people Below the Poverty Line (BPL) in the construction of dwelling units and upgradation of existing unserviceable kutcha houses by assisting in the form of a full grant.
• Beneficiaries: People belonging to SCs/STs, freed bonded labourers and non-SC/ST categories, widows or next-of-kin of defence personnel killed in action, ex-servicemen and retired members of the paramilitary forces, disabled persons and minorities.
• Selection of Beneficiaries: Through a three-stage validation such as Socio-Economic Caste Census 2011, Gram Sabha, and geo-tagging.
• Cost Sharing: The Centre and states share expenses in 60:40 ratio in case of plain areas, and in 90:10 ratio for northeastern states, two Himalayan states and the UT of Jammu and Kashmir.
• The Centre bears 100% cost in case of other Union Territories, including the UT of Ladakh.

Pradhan Mantri Awas Yojana – Urban (PMAY-U)

• Launch: Launched on 25th June 2015 it intends to provide housing for all in urban areas by the year 2022.
• Implemented by: Ministry of Housing and Urban Affairs
• Status: As per the PMAY (U) dashboard, 118.64 lakh houses have been sanctioned out of which 83.67 lakh have been completed.
• Features:
• Addresses Urban housing shortage among the Urban Poor including the Slum Dwellers by ensuring a pucca house for eligible urban poor.
• The Mission covers the entire urban area consisting of Statutory Towns, Notified Planning Areas, Development Authorities, Special Area Development Authorities, Industrial Development Authorities or any such authority under State legislation which is entrusted with the functions of urban planning & regulations.
• The Mission promotes women’s empowerment by providing the ownership of houses in the name of female members or in a joint name.

Scheme Implemented in Four Verticals

• In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation.
• Credit Linked Subsidy: People from Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Groups (MIG-I and MIG-II) can get interest subsidies of 6.5%, 4%, and 3% on housing loans up to Rs. 6 lakh, Rs. 9 lakh, and Rs. 12 lakh respectively for buying or building houses.
• Affordable Housing in Partnership (AHP): Under AHP, Central Assistance of Rs. 1.5 Lakh per EWS house is provided by the Government of India.
• Beneficiary-led Individual House Construction/Enhancement: Central Assistance upto Rs. 1.5 lakh per EWS house is provided to eligible families belonging to EWS categories for individual house construction/ enhancement.