Pradhan Mantri Awas Yojana (Urban)
About:
The Pradhan Mantri Awas Yojana (Urban) Programme was launched by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA) which envisions Housing for All by 2022, when the Nation completes 75 years of its Independence.
The Mission seeks to address the housing requirement of urban poor including slum dwellers through following programme verticals:
- Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource
- Promotion of Affordable Housing for weaker section through credit linked subsidy
- Affordable Housing in Partnership with Public & Private sectors
- Subsidy for beneficiary-led individual house construction /enhancement.
Beneficiaries:
- Beneficiaries include Economically weaker sections (EWS), low-income groups (LIGs) and Middle Income Groups (MIGs).
The EWS/LIG/MIG categories are defined as follows:
- EWS households with an annual income upto Rs. 3.00 lakhs.
- LIG households with an annual income between Rs. 3.00 lakhs to Rs. 6.00 lakhs.
- MIG households with an annual income between Rs. 6.00 lakhs to Rs. 18.00 lakhs.
Why in News?
The Union Cabinet chaired by the Prime Minister has given its approval for developing of Affordable Rental Housing Complexes (AHRCs) for urban migrants / poor as a sub-scheme under Pradhan Mantri Awas Yojana – Urban (PMAY – U).
As on date, the total number of sanctioned houses under PMAY (U) is 1.07 Crores as against the validated demand of 1.12 Crore.
About Affordable Rental Housing Complexes (AHRCs)
- ARHCs will create a new ecosystem in urban areas making housing available at affordable rent close to the place of work.
- Investment under ARHCs is expected to create new job opportunities. ARHCs will cut down unnecessary travel, congestion and pollution.
- A large part of the workforce in manufacturing industries, service providers in hospitality, health, domestic/commercial establishments, and construction or other sectors, labourers, students etc. who come from rural areas or small towns seeking better opportunities will be the target beneficiary under ARHCs.
- Government funded vacant housing stock will be converted into ARHCs for economically productive use.
- The scheme would create a conducive environment for entities to develop AHRCs on their own vacant land which will enable new investment opportunities and promote entrepreneurship in the rental housing sector.
References:
- https://pmay-urban.gov.in/FAQ
- https://vikaspedia.in/social-welfare/urban-poverty-alleviation-1/schemes-urban-poverty-alleviation/pradhan-mantri-awas-yojana-housing-for-all-urban
- https://pib.gov.in/newsite/PrintRelease.aspx?relid=209973
