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Pradhan Mantri Awas Yojana-Urban (PMAY-U) |

Pradhan Mantri Awas Yojana-Urban (PMAY-U)

Context

∙ More than 3,000 flats are likely to be allotted to slum dwellers by the Delhi Development Authority (DDA) under the PMAY-U.

About PMAY-U

∙ The Ministry of Housing and Urban Affairs (MoHUA) launched the Pradhan Mantri Awas Yojana – Urban (PMAY-U) in 2015, as a flagship Mission of the Government of India.

∙ Objective: It addresses urban housing shortage among the Economically Weaker Section (EWS)/Low Income Group (LIG) category including the slum dwellers by ensuring a pucca house to eligible urban households.

∙ Coverage: 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.

∙ Implementation period: The scheme was earlier from 25.06.2015 to 31.03.2022. Now it has been extended up to 31.12.2024, except Credit Linked Subsidy Scheme (CLSS) vertical, to complete all the houses sanctioned under the scheme.

Features

∙ PMAY-U adopts a demand-driven approach wherein the housing shortage is decided based on demand assessment by States/Union Territories (UTs).

∙ It is a demand driven scheme and GoI has not fixed any target for construction of houses.

Components of the scheme

∙ In-situ Slum Redevelopment (ISSR): Central Assistance of Rs. 1 lakh per house is admissible for all houses built for eligible slum dwellers under the component of ISSR using land as a Resource with the participation of private developers.

∙ Credit Linked Subsidy Scheme (CLSS): Beneficiaries are eligible for an interest subsidy of 6.5%, 4% and 3% on loan amounts up to Rs. 6 Lakh, Rs. 9 Lakh and Rs. 12 Lakh respectively.

∙ Affordable Housing in Partnership (AHP): Under AHP, Central Assistance of Rs. 1.5 Lakh per EWS house is provided by the Government of India.

∙ An affordable housing project can be a mix of houses for different categories but it will be eligible for Central Assistance, if at least 35% of the houses in the project are for the EWS category.

∙ Beneficiary-led Individual House Construction/ Enhancement (BLC-N/ BLC-E): Central Assistance up to Rs. 1.5 lakh per EWS house is provided to eligible families belonging to EWS categories for individual house construction/ enhancement.

∙ The Urban Local Bodies validate the information and building plan submitted by the beneficiary so that ownership of land and other details like economic status and eligibility can be ascertained.

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