Pradhan Mantri Awas Yojana (Urban)

It was launched in 2015 by Ministry of Housing and Urban Affairs with the objective of providing central assistance to implementing agencies through States/Union Territories (UTs) for providing houses to all eligible families/beneficiaries by 2022.

Components of PMAY (Urban)

• In-situ Slum Development (erstwhile Rajiv Awas Yojana): Grant of 1 lakh/house is provided.
• Credit Linked Subsidy Scheme (CLSS): Interest Subsidy is given to certain sections like EWS, LIG, and MIG is provided.
• Affordable Housing in partnership with public or private sector: Assistance of 1.5 lakh per EWS house is provided (condition 35% houses must be for EWS).
• Beneficiary led individual house construction (erstwhile Rajiv ....