Pradhan Mantri Awas Yojana – Urban (PMAY-U), a flagship Mission of Government of India being implemented by Ministry of Housing and Urban Affairs (MoHUA), was launched on 25th June 2015. The Mission addresses urban housing shortage among the EWS/LIG and MIG categories including the slum dwellers by ensuring a pucca house to all eligible urban households by the year 2022, when Nation completes 75 years of its Independence.
Overview of Pradhan Mantri Awas Yojana – Urban
|Name||Pradhan Mantri Awas Yojana (Urban)|
|Also known as||PMAY-U|
|Launched by||PM Narendra Modi|
|Nodal Ministry||Ministry of Housing & Urban Affairs|
|Eligibility||annual income ranging from INR 3 lakh to 18|
Objective and Benefits of Pradhan Mantri Awas Yojana – Urban
Property and land prices are on a continuous surge in India, which has reduced affordability significantly. It is especially true for individuals residing in metropolitan cities. Therefore, to promote and encourage sustainable and affordable housing, the Government of India launched the Pradhan Mantri Awas Yojna or PMAY in June 2015.
How to apply for Pradhan Mantri Awas Yojana – Urban
Housing in India