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The Hindu
The Hindu
National
Tikender Singh Panwar

An overview of the PMAY-U scheme | Explained

PMAY

The story so far: As the current Union government completes two terms, one of its flagship programmes was Housing For All (HfA) by 2022, both in urban and rural areas, planned under the PMAY (Pradhan Mantri Awas Yojana) scheme in 2015.

What is the PMAY scheme?

While the PMAY is a centrally sponsored scheme both the Union and the State governments are supposed to financially contribute to it. The declared objectives of the scheme included rehabilitation of slum dwellers with private developers’ participation; promotion of affordable housing for the weaker sections through Credit Linked Subsidy Schemes (CLSS); affordable housing in partnership with public and private sectors; and subsidy for Beneficiary-led Construction (BLC).

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