Revamped city housing scheme for EWS, LIG, MIG soon

The revamped scheme is likely to be launched before the PMAY-U’s deadline of December 2024.

In the nine years since its launch, 84 lakh houses have been completed and handed over to the beneficiaries under PMAY-U.

The Union Budget, slated for next month, will likely include a reworked affordable housing scheme for economically weaker sections (EWS), the low income group (LIG) and the middle income group (MIG) in cities, the Housing and Urban Affairs Ministry sources said.

On June 10, the Cabinet, chaired by Prime Minister Narendra Modi, in its first decision in the third term approved three crore additional houses under the Pradhan Mantri Awas Yojana (PMAY), out of which one crore houses were for cities under the PMAY-Urban.The additional one crore houses are likely to be implemented under a PMAY-U 2.0, which would be funded in the Budget that is expected in July, sources said.

The new scheme would take into account the learnings from PMAY, which was launched on June 25, 2015 and will end in December this year, an official said. The modalities are still being worked out, but the new scheme would be focused towards better targeting of beneficiaries so all those who are eligible are reached and completed homes are disbursed in a timely manner.

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The revamped scheme is likely to be launched before the PMAY-U’s deadline of December 2024.

For the first version of the scheme, a demand assessment was carried out, for the new scheme, the target of 1 crore houses was indicative. In the nine years since its launch, 84 lakh houses have been completed and handed over to the beneficiaries under PMAY-U, the ministry said in a statement.

Damini Nath

Damini Nath is an Assistant Editor with the national bureau of The Indian Express. She covers the housing and urban affairs and Election Commission beats. She has 11 years of experience as a reporter and sub-editor. Before joining The Indian Express in 2022, she was a reporter with The Hindu’s national bureau covering culture, social justice, housing and urban affairs and the Election Commission. ... Read More

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Pradhan Mantri Awas Yojana