Stories
PMAY-U 2.0 Sanctions 18.77 Lakh Homes: Who Qualifies for Affordable Housing?
- •The Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) has sanctioned 18.77 lakh houses for eligible urban families, aiming to provide affordable housing and interest subsidies on home loans.
- •The scheme covers Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG) families with annual incomes up to ’9 lakh, subject to specific eligibility conditions.
- •PMAY-U 2.0 offers four components: Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH), and an Interest Subsidy Scheme (ISS).
- •A significant focus is on women's ownership, with approximately 92% (17.19 lakh) of sanctioned houses allotted to women, either individually or jointly.
- •The scheme also prioritizes vulnerable groups, allocating 1.80 lakh houses to senior citizens, 3.25 lakh to SC beneficiaries, 1.02 lakh to ST beneficiaries, and 8.22 lakh to OBC beneficiaries.
Key Questions Answered
The Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) operates through four broad components: Beneficiary Led Construction (BLC) for building personal pucca houses, Affordable Housing in Partnership (AHP) for buying approved project homes, Affordable Rental Housing (ARH), and an Interest Subsidy Scheme (ISS) for eligible home loans.
The scheme covers Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG) families living in urban areas. Households with an annual income of up to ₹9 lakh can qualify, depending on the specific component and eligibility requirements of the respective category.
The government strongly emphasizes women's ownership under the scheme, with roughly 92% or 17.19 lakh of the total sanctioned houses allotted to women individually or jointly. Additionally, housing allocations have been extended to vulnerable communities, including 1.80 lakh senior citizens, 3.25 lakh SC beneficiaries, 1.02 lakh ST beneficiaries, and 8.22 lakh OBC beneficiaries.
