PM launches Subhadra Yojana and other major Initiatives

Why in the news?

  • Prime Minister Narendra Modi is set to launch Odisha’s women-centric Subhadra Yojana and other major railway and highway projects during his visit to Odisha.
  • The event marks his 74th birthday and the first visit since attending

    Chief Minister Mohan Charan Majhi’s swearing-in.

Key Highlights of Subhadra Yojana

  • The scheme will benefit eligible women aged 21-60 years, providing ₹50,000 over five years (2024-2029).
  • An amount of ₹10,000 per annum will be credited in two installments to over 1 crore women’s bank accounts.
  • The PM will initiate fund transfers to more than 10 lakh women during the visit.

Other Key Projects

  • PM Modi will lay the foundation for railway projects worth ₹2,800 crore and national  highway projects worth ₹1,000 crore.
  • He will release sanction letters to 32,000 PMAY-G beneficiaries and participate in Griha Pravesh celebrations for 26 lakh beneficiaries of PMAY.
  • Launch of the Awaas+ 2024 app and PMAY-Urban 2.0 guidelines will also take place.

About PMAY-Urban 2.0

Key Features of the Scheme

  • Ministry: Ministry of Housing and Urban Affairs
  • Vision: ‘Housing for All’
  • Type: Centrally Sponsored Scheme (except ISS component, which is Central Sector Scheme)
  • Tenure: Effective until 2028-29
  • Eligibility:
  • Families with no pucca house across the country
  • Belonging to Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG)
  • Coverage: Applicable to all statutory towns as per Census 2011 and towns notified afterward

Associated Article:

https://universalinstitutions.com/pmay-u-2-0-boosts-support-for-housing-financiers/