• UGI USER
  • Dec 06, 2023
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PRADHAN MANTRI AWAS YOJANA URBAN(PMAY – U)

Why in the News?

The Ministry of Housing and Urban Affairs directs all States and Union Territories to display the Pradhan Mantri Awas Yojana Urban (PMAY-U) logo including beneficiary details on each house constructed under the scheme.

About Pradhan Mantri Awas Yojana – Urban (PMAY-U): 

  • PMAY is a Government initiative falling under the mission “Housing for All by 2022,” aimed at urban housing.
  • It’s implemented by the Ministry of Housing and Urban Affairs (MoHUA).
  • PMAY makes home loans affordable for the urban poor by providing interest rate subsidies during repayment through EMI.
  • Beneficiaries: Targets urban housing shortage for Economically Weaker Section (EWS), Low-Income Group (LIG), and Middle-Income Groups (MIG I & II), including slum dwellers.
  • Funding Structure: Implemented as a Centrally Sponsored Scheme (CSS) except for Credit Linked Subsidy(CLSS), which operates as a Central Sector Scheme.
  • Geotagging: Requires geotagging of houses under the scheme to the Bhuvan HFA application, a web-based platform developed by ISRO.
  • Women Empowerment: ownership in the name of a female member or joint names.
Source: GeeksForGeeks

 Four Verticals of PMAY-U:

In Situ Slum Redevelopment (ISSR) Implements redevelopment

with private sector

involvement to provide

houses for eligible slum

dwellers.
Credit Linked Subsidy (CLSS) Offers interest subsidies for

EWS, LIG, MIG (I & II)

beneficiaries based on loan

amounts.
Affordable Housing Through Partnership (AHP) Supports affordable housing

projects eligible for central

assistance with a minimum

percentage allocated for EWS

category.
Beneficiary-led Individual House Construction (BLC): Provides central assistance

for EWS families for individual

house construction or

enhancement.

Initiatives under PMAY-U:

  • Affordable Rental Housing Complexes (ARHCs):Sub-scheme providing affordable rental housing for urban migrants and the poor.
  • Global Housing Technology Challenge:Aims to identify and mainstream innovative, eco-friendly construction technologies globally.
  • CLSS Awas Portal (CLAP):A common platform integrating stakeholders for real-time processing and tracking of subsidy status.