Latest news with #PMAY-U2.0
Business Standard
3 days ago
- Business
- Business Standard
2.35 Lakh houses approved under PMAY-Urban 2.0 during 3rd meeting of CSMC
Total number of sanctioned houses under PMAY-U 2.0 stands at 7.10 Lakh The Central Sanctioning and Monitoring Committee (CSMC) in its third meeting held on 18 June 2025 has approved construction of 2.35 lakh houses under Pradhan Mantri Awas Yojana Urban 2.0 (PMAY-U 2.0). the meeting was held under the chairmanship of Srinivas Katikithala, Secretary, Ministry of Housing and Urban Affairs (MoHUA). The total houses approved are 2,34,864 in nine States namely, Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttar Pradesh. PMAY-U 2.0 is being implemented through four verticals Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH) and Interest Subsidy Scheme (ISS). The houses approved in the CSMC meeting are under BLC and AHP verticals of the Scheme. So far, the total number of houses sanctioned under PMAY-U 2.0 is 7,09,979. During the meeting, Secretary, MoHUA directed the larger States to prepare affordable housing policy and bring the proposals under AHP vertical of PMAY-U 2.0. States/UTs may study the affordable housing policy of the State of Maharashtra and adapt it according to their local requirements. States/UTs were also advised to identify and attach beneficiaries under the AHP vertical at initial phase of approval to avoid unoccupancy issues at a later stage. Among the houses approved today under PMAY-U 2.0, more than 1.25 lakh houses have been sanctioned for the women alone, including single women and widows, ensuring empowerment of women. The scheme also promotes inclusiveness and social equity among different underprivileged groups with 42,400 houses allotted in name of for SC beneficiaries, 17,574 houses for ST beneficiaries and 1,13,414 for the OBC. Under PMAY-U 2.0, 1 crore families will be provided financial assistance to construct or purchase a pucca house in urban areas. The Scheme focusses on upliftment of poor and middle-class families by giving them secured houses to focus on the betterment of their lives. Individuals/families, who do not own a pucca house anywhere in the country, are eligible to purchase or construct a house under PMAY-U 2.0. Central Assistance of up to Rs 2.50 lakh per housing unit is provided. Pradhan Mantri Awas Yojana Urban (PMAY-U), launched in June 2015, was revamped and launched as PMAY-U 2.0. Under PMAY-U, more than 93.19 Lakh houses have already been constructed and delivered to beneficiaries. With launch of PMAY-U 2.0, additional 1 crore EWS/LIG/MIG families of urban India will be provided pucca houses.
The Hindu
3 days ago
- Politics
- The Hindu
Centre approves construction of 2.35 lakh houses under PMAY
The Centre on Wednesday (June 18, 2025) approved construction of 2.35 lakh houses under the Pradhan Mantri Awas Yojana (Prime Minister's Housing scheme). The approval was given at the third meeting of the Central Sanctioning and Monitoring Committee (CSMC) chaired by Srinivas Katikithala, Secretary, Ministry of Housing and Urban Affairs (MoHUA), an official statement said. The houses would be constructed under the Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0). The total houses approved are 2,34,864 for nine States — Assam, Bihar, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan and Uttar Pradesh. PMAY-U 2.0 is being implemented through four verticals — Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH) and Interest Subsidy Scheme (ISS). The houses approved in the CSMC meeting are under BLC and AHP verticals of the scheme. As of now, the total number of houses sanctioned under PMAY-U 2.0 is 7,09,979. Among the houses approved, more than 1.25 lakh dwellings have been sanctioned for women alone, including single women and widows. A total of 44 houses have also been allotted to transgenders. While 42,400 houses have been allotted in the name of Scheduled Caste beneficiaries, 17,574 would be for Scheduled Tribes and 1,13,414 for Other Backward Classes. Under PMAY-U 2.0, 1 crore families will be provided financial assistance to construct or purchase a pucca (permanent) house in urban areas. The scheme focuses on upliftment of poor and middle-class families by giving them secured houses to focus on the betterment of their lives. For individuals/families, Central assistance of up to ₹2.50 lakh per housing unit is provided. Pradhan Mantri Awas Yojana – Urban (PMAY-U), launched in June 2015, was revamped and launched as PMAY-U 2.0. Under PMAY-U, more than 93.19 Lakh houses have already been constructed and delivered to beneficiaries. With the launch of PMAY-U 2.0, additional 1 crore EWS/LIG/MIG families of urban India will be provided pucca (permanent) houses.
Hans India
14-06-2025
- Business
- Hans India
Aadhar Housing Finance Committed to Make Homeownership Accessible to Communities in Kochi & Trivandrum under PMAY
Aadhar Housing Finance Ltd., India's leading low-income housing finance provider, has announced the launch of Phase II of its Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) awareness camp, with a sharp focus on making homeownership more accessible to underserved communities of Kerala. Building on the success of its previous efforts, the company will conduct PMAY Utsav and Spot Sanction Camps from 12 – 15 June 2025 making the PMAY process simple, transparent, and accessible for first-time homebuyers in Kochi & Trivandrum The camp will help in checking eligibility, understand the documents required, expected benefits—including subsidies of up to ₹1.80 lakh and get faster loan approvals—bringing the families one step closer to owning their dream home. Additionally, eligible applicants will receive spot home loan sanction letters at these camps upon document verification. Aadhar Housing Finance is committed to helping first-time homebuyers from low-income backgrounds realising their dream of owning a home. With affordable loan options typically ranging between ₹10–13 lakhs, most customers fall well within the eligibility criteria for the PMAY subsidy. The recent revival of the Credit Linked Subsidy Scheme (CLSS) makes home loans even more affordable by lowering EMIs. This is especially helpful in smaller towns and emerging cities where cost of housing is lower, and government subsidies play a bigger role in purchase decisions. By making repayments easier and faster, Aadhar aims to ensure a smooth and secure path to homeownership for EWS and LIG families. Rishi Anand, MD & CEO, Aadhar Housing Finance Ltd. said, 'At Aadhar Housing Finance, our mission has always been to make homeownership a reality for India's underserved families. With the Government's renewed push for affordable housing and the revival of the PMAY interest subsidy scheme, we see a powerful opportunity to extend that dream to even more first-time homebuyers. Through our spot sanction camps, especially in emerging markets, we aim to simplify access, raise awareness, and fast-track the journey toward owning a dream home.' Aadhar Housing Finance currently serves nearly 3 lakh live customers across 545 districts and 580+ branches in 22 states and union territories. With nearly 74% of its portfolio dedicated to home loans and a strong presence in emerging markets, Aadhar is well-positioned to expand access to affordable housing finance where it's needed most. This initiative directly supports the Government of India's 'Housing for All' vision and is aligned with the National Housing Bank's (NHB) inclusion goals. PMAY Awareness Campaign by Aadhar is a key part of the company's broader mission to contribute towards Viksit Bharat.
New Indian Express
10-06-2025
- Business
- New Indian Express
PMAY-U extended till the end of this year, to benefit 29K people
BHUBANESWAR : In a major relief for the beneficiaries of Pradhan Mantri Awas Yojana - Urban (PMAY-U), the state government has received an extension for implementation of the old scheme till December 2025, paving way for construction of nearly 29,000 dwelling units. Sources in the Housing and Urban Development department said of the 1.72 lakh dwelling units sanctioned under the beneficiary-led construction (BLC) vertical of the PMAY-U scheme, work of a staggering 18,571 units have not commenced yet, while construction of another 10,000 units have remained stalled at various stages. Meanwhile, with the launch of PMAY-U 2.0 from September last year, uncertainty gripped construction of the pending residential units under PMAY-U as the state government was asked to close the old scheme, for which the deadline had already been extended multiple times, sources said.
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First Post
06-06-2025
- Business
- First Post
Women, rural India and the Modi decade: Who benefited most?
From LPG access to housing and financial inclusion, PM Modi's decade saw transformative welfare schemes targeting women and rural India. Flagship programs like Ujjwala, Jan Dhan, and Awas Yojana empowered millions, while new data shows over 170 million people lifted out of poverty. read more Over the last 11 years, Prime Minister Narendra Modi-led government has introduced a series of flagship schemes to empower rural India and women. From clean cooking fuel to housing and bank accounts for the unbanked, these social welfare programmes have not only addressed immediate needs but also contributed to lifting millions out of poverty. Here are six key takeaways from the decade-long impact of the Modi government on rural India and women: STORY CONTINUES BELOW THIS AD Clean cooking fuel: Ujjwala Yojana transforms rural kitchens Launched in 2016, the Pradhan Mantri Ujjwala Yojana (PMUY) was a major initiative to replace hazardous solid fuels like firewood and cow dung with clean LPG connections. By May 2024, over 10.3 crore LPG connections had been distributed to below-poverty-line women across the country. The International Energy Agency notes that nearly 681 million people in India still relied on solid fuels for cooking at the program's inception, underscoring the health and environmental stakes. By enabling access to clean energy, PMUY has reduced household air pollution and the burden of disease on rural women while also freeing up time for education and income-generating activities. A roof over every head: Pradhan Mantri Awas Yojana The Pradhan Mantri Awas Yojana (PMAY-U) launched in 2015 to provide 'housing for all' in urban India. As of late 2023, the government had sanctioned over 1.18 crore houses, with more than 88 lakh already delivered to beneficiaries. To meet the backlog, the government approved PMAY-U 2.0, targeting the construction of an additional 1 crore houses and extending the program deadline to December 2024. This ambitious push not only improved living conditions but also created jobs in construction and allied sectors further supporting economic upliftment in urban poor and rural migrant populations. Financial inclusion at scale: Jan Dhan Yojana's massive reach The Pradhan Mantri Jan Dhan Yojana (PMJDY) has emerged as a cornerstone of India's financial inclusion strategy. From just 14.7 crore bank accounts in 2015, the number soared to over 53 crore by August 2024. *According to the latest information, an estimated 36.14 crore RuPay cards have been issued, enabling digital and cashless transactions. *Average deposits in PMJDY accounts grew over 4 times from 2015 to 2024. *The number of zero-balance accounts halved from 8.52 crore to 4.26 crore. *Nearly 100% village coverage with banking access within a 5 km radius. *Jan Dhan laid the foundation for direct benefit transfers (DBTs) and accelerated financial empowerment especially for women and marginalised communities. Millions lifted out of poverty According to the World Bank's Spring 2025 Poverty and Equity Brief, India's extreme poverty has plummeted to 5.3% in 2022–23, down from 27.1% in 2011–12. That translates to over 269 million people moving out of poverty, with 172 million of them crossing the international $2.15/day poverty line. Economic growth, expanded access to electricity, sanitation, housing and targeted welfare programs all contributed to this decline, making it one of the most major poverty reduction achievements globally in recent decades. STORY CONTINUES BELOW THIS AD Financial inclusion as a catalyst for grassroots growth By extending access to affordable financial services, India has taken decisive steps toward bridging its credit and development gap. Financial inclusion empowers people, especially in rural areas with access to savings, credit, insurance and pensions. This not only encourages entrepreneurship among women and small businesses but also strengthens inclusive economic growth by spreading the benefits to the lowest-income groups. Empowerment beyond welfare: A shift in economic agency The decade under PM Modi has not only seen the distribution of benefits but a strategic pivot towards empowering people as economic actors. Women who once collected firewood now use clean fuel and send their children to school. Families that once lacked formal housing now own a pucca home. People once outside the banking net now participate in the digital economy. As India prepares for the next phase of its development, the last 11 years under the Modi government offer a mixed but undeniably transformational picture, especially for women and rural populations. While challenges remain, the scale and impact of targeted welfare schemes, financial inclusion and poverty reduction have reshaped the socio-economic landscape for millions.
