Pradhan Mantri Awas Yojana (PMAY) - Urban 2.0 Scheme Approved by Cabinet

The Union Cabinet has recently approved the extension of the Pradhan Mantri Awas Yojana - Urban (PMAY-U) 2.0 scheme, showcasing the government's unwavering commitment to providing affordable housing for urban poor families. This initiative aligns with the goal of "Housing for All," focusing on improving living standards and urban infrastructure.



What is PMAY-U 2.0?

PMAY-Urban 2.0 is a flagship program aimed at addressing the housing needs of economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG) in urban areas. Through this scheme, eligible beneficiaries can access financial assistance to build, purchase, or renovate homes, enabling millions to live with dignity.

Key Features of PMAY-Urban 2.0:

  1. Focus on Affordable Housing: Targeting urban poor and economically weaker sections to ensure inclusive urban growth.
  2. Central Assistance: Financial aid is provided to beneficiaries to make housing affordable and accessible.
  3. Sustainability and Inclusivity: Promotes green and resilient construction methods for long-term benefits.

Impact of PMAY-Urban 2.0:

Since its inception, PMAY has been instrumental in transforming urban landscapes. With the approval of PMAY-U 2.0, the government is set to further accelerate its efforts in ensuring every family in urban areas has a roof over their head.

This visionary scheme bridges the gap between dreams and reality for millions of urban households, marking a significant milestone in India’s development journey.

Read more: https://www.aavas.in/blog/pradhan-mantri-awas-yojana-pmay

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