PMAY(Urban) 

#GS2 #Governance 

Proposals for the construction of nearly 10.28 Lakh houses approved under PMAY(Urban). 

  • The 51st Meeting of the Central Sanctioning and Monitoring Committee (CSMC) Under Pradhan Mantri Awas Yojana (Urban) was held on 7th August, 2020 in New Delhi. The Meeting was attended by 19 States/UTs. 
  • In the meeting, 1589 proposals from participating States were approved for the construction of nearly 10.28 Lakh houses. These houses are proposed to be constructed across Beneficiary Led Construction and Affordable Housing in Partnership verticals. 
  • This was the first CSMC meeting during the COVID-19 pandemic. This reflects the importance the Government has attached to the objective of providing pucca houses to all eligible beneficiaries of Urban India by 2022 with the vision of ‘Housing for All’.  Ministry of Housing and Urban Affairs (MoHUA) has laid renewed emphasis to accelerate housing construction and completion across the country within stipulated time under PMAY(U). 
  • The states also put in their proposals for revision of projects due to various issues such as, of land, topographical hazards, inter-city migration, change of preferences of verticals, loss of lives etc. 
  • With this, as on date, the total number of sanctioned houses under PMAY(U) is now 1.07 Crores as against the validated demand of 1.12 Crore. 
  • About 67 Lakh houses are grounded for construction and more than 35 Lakh have been completed and occupied. Total investment under the Mission is 
  • Rs 6.32 Lakh Crore which has Central assistance of Rs 1.68 Lakh Crore of which Rs 72646 Crore of funds have been released. 
  • The Meeting evinced tremendous response from the States/UTs on Affordable Rental Housing Complexes (ARHCs), a sub-scheme under PMAY (U) for Urban Migrants/Poor.  The States/UTs were further familiarized with the Scheme and requested to take appropriate measures for its effective implementation.  ARHCs are a major step towards fulfilling the goal of ‘AatmaNirbhar Bharat’.  

Pradhan Mantri Awas Yojana (Urban) Programme 

  • It was launched by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA). It envisions provision of Housing for All by 2022, when the Nation completes 75 years of its Independence. 
  • Beneficiaries include Economically weaker section (EWS), low-income groups (LIGs) and Middle Income Groups (MIGs). 
  • “Housing for All” Mission for urban area is being implemented during 2015-2022 and this Mission will provide central assistance to implementing agencies through States and UTs for providing houses to all eligible families/beneficiaries by 2022. 
  • Mission will be implemented as Centrally Sponsored Scheme (CSS) except for the component of credit linked subsidy which will be implemented as a Central Sector Scheme. 
  • The Mission seeks to address the housing requirement of urban poor including slum dwellers through following programme verticals: 
  • Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource 
  • Promotion of Affordable Housing for weaker section through credit linked subsidy 
  • Affordable Housing in Partnership with Public & Private sectors 
  • Subsidy for beneficiary-led individual house construction /enhancement. 
  • CLSS is a component of PMAY under which, not only economically weaker sections, but also middle-income groups can avail of home loans at reduced EMIs. 
  • The aim of this scheme is to construct more than two crore houses across the length and breadth of the nation. 
  • Government provide subsidy ranging between 1 lakh to 2.30 lakh to people from above categories in order to make them secure. 
  • The government provide an interest subsidy of 6.5% on housing loans availed by the beneficiaries for a period of 15 years from the start of loan. 
  • The houses under this yojana would be allotted to preferably the female member of the family. 
  • It covers the entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities. 
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