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Angikaar 2025 to Accelerate PMAY-Urban Goals Why in News ? The Ministry of Housing and Urban Affairs has launched the Angikaar 2025 campaign under Pradhan Mantri Awas Yojana – Urban (PMAY-U) 2.0. The initiative aims to fast-track application verification, raise awareness about housing benefits, and ensure the completion of sanctioned houses across India. Key Features …
Read MoreWhy in the news? The RBI has revamped its currency swap arrangement for SAARC countries from 2024 to 2027. Introducing a dedicated INR swap window with incentives to support Indian rupee liquidity. Allocating ₹250 billion for INR support to enhance regional financial stability. Key Feature of the Framework: INR Swap Window: Established to facilitate easier …
Read MoreWhy in the news? The Ministry of Housing and Urban Affairs announced plans to revamp the Pradhan Mantri Awas Yojana (Urban) to enhance its effectiveness and address shortcomings observed over nine years. Revamp highlights: Priority on reducing delays in benefit delivery. Learning-based improvements for better implementation efficiency. Supporting urban development: Introducing Special Assistance to States …
Read MoreWhy in the news? Prime Minister Narendra Modi assumed office for the third consecutive term on June 10. The new Union Cabinet’s first decision was to assist in constructing three crore more houses under the Pradhan Mantri Awas Yojana (PMAY). source:geeksforgeeks About the Pradhan Mantri Awas Yojana (PMAY): Launch: Initiated in 2015 by Prime Minister …
Read MoreWhy in the news? The newly formed government plans to approve 2 crore additional houses under the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) with a 50% increase in assistance per beneficiary. This approval is part of the government’s first 100-day agenda, aiming to extend the existing scheme which has already sanctioned 2.95 crore houses since 2016, …
Read MoreSYLLABUS: GS 2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Focus: Even though two more years have passed since the supposed completion of the scheme, HfA remains a …
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