About Pradhan Mantri Awas Yojana (Urban)
Pradhan Mantri Awas Yojana (Urban) - Housing for All Mission was launched on 25th June 2015.
Objective:
The objective of the Mission is to provide Central assistance to implementing agencies through States/Union Territories (UTs) for providing houses to all eligible families/beneficiaries by 2022.
Coverage and Duration:
- The scheme focuses to cover the entire urban area consisting of all statutory towns and areas including Notified Planning/ Development Area/ Industrial Development Authority/Special Area Development Authority/ Urban Development Authority or any such Authority under the State legislation which is entrusted with the functions of urban planning and regulations. So far 4,331 cities/towns have been included under PMAY (U).
- The duration of the Mission is seven years (FY: 2015-16 to FY: 2021-22).
Components of the Pradhan Mantri Awas Yojana (Urban):
In order to address Housing for All in urban areas, the Mission has the following four verticals:
Central assistance of Rs. 1.5 Lakh per EWS house is provided by GoI in projects where at least 35% of the houses in the projects are for EWS category.
Beneficiaries of Economically Weaker Section (EWS)/Low Income Group (LIG), Middle Income Group (MIG)-I and Middle Income Group (MIG)-II seeking housing loans from Banks, Housing Finance Companies and other such institutions for acquiring/constructing houses are eligible for an interest subsidy of 6.5%, 4% and 3% on loan amount upto Rs. 6 lakh, Rs. 9 lakh and Rs. 12 lakh respectively. Ministry has nominated Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) as Central Nodal Agencies (CNAs) to channelize this subsidy to the lending institutions and for monitoring the progress of this component. The scheme for MIG category was upto 31stMarch 2019 which has been now extended up to 31st March 2020 recently.
Central assistance of Rs. 1.5 Lakh per EWS house is provided by GoI in projects where at least 35% of the houses in the projects are for EWS category.
Slum redevelopment grant of Rs. 1 lakh per house is admissible for all houses built for eligible slum dwellers under thiscomponent using land as resource with participation of private developers. After redevelopment, de-notification of slums by State/UT Government is recommended under the guidelines.
Ownership of houses:
Beneficiaries of EWS are covered under all four verticals of the Mission while LIG and MIG beneficiaries are eligible for benefits under CLSS. House is to be allotted in the name of adult female member or in joint name and all houses to have toilet facility, drinking water and power supply. Preference is given to persons with disabilities, ST/ SC/ OBCs, minorities and transgender
Selection process of projects:
As per the scheme guidelines of PMAY (U), the States/UTs are required to prepare Detailed Project Reports (DPRs) covering the eligible beneficiaries as per demand survey in the particular urban cities/towns and get these approved by the State Level Sanctioning and Monitoring Committee (SLSMC) before these projects are considered by Central Government for considering the admissible central assistance involved in consonance with the scheme guidelines. Thus, selection of projects under PMAY (U) and their implementation are with the State/UT Governments.
