Pradhan Mantri Awas Yojana (PMAY)

Under the Pradhan Mantri Awas Yojana (PMAY), launched in 2015 to facilitate access to affordable housing to those belonging to economically weaker sections of society, the government is close to achieving the target of 30 million houses.

About Pradhan Mantri Awas Yojana (PMAY)

• PMAY is a centrally sponsored scheme, however, both the Union and the State governments are supposed to financially contribute to it.
• Objectives:
  • Rehabilitation of slum dwellers with private developers’ participation
  • Promotion of affordable housing for the weaker sections through Credit Linked Subsidy Schemes (CLSS)
  • Affordable housing in partnership with public and private sectors
  • Subsidy for Beneficiary-led Construction (BLC)
• Eligibility:Women and minorities, marginalised groups such as the transgender community, widows, and individuals from lower-income groups. 
• Types of Pradhan Mantri Awas Yojana (PMAY) scheme 
  • PMAY Gramin (PMAY-G): Affordable and accessible housing units to eligible beneficiaries residing in rural areas.
  • PMAY Urban (PMAY-U): Addressing the housing needs of urban areas in India, covering 4,331 towns and cities. 
• Progress so far: Even though two more years have passed since the supposed completion of the scheme, Housing For All (HfA)remains a distant reality. In August 2022, the government approved the continuation of the PMAY-Urban (PMAY-U) up to December 31, 2024, for the completion of already sanctioned houses till March 31, 2022.