Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) Scheme is aimed to provide all-weather pucca houses to all eligible urban households across the country with the vision of ‘Housing for All’. Ministry of Housing and Urban Affairs implements the scheme to provide financial assistance to eligible families in urban areas through the following four verticals:
- Beneficiary Led Construction (BLC): The BLC vertical of the scheme shall provide financial assistance upto ₹2.5 lakh to individual eligible families belonging to EWS categories having annual income upto ₹3 lakh, to construct new pucca houses upto 45 sqm (an all-weather dwelling unit) on their own available land.
- Affordable Housing in Partnership (AHP): Affordable Housing in Partnership (AHP) vertical shall provide financial Assistance to EWS beneficiaries for owning a pucca house. Under this vertical affordable houses of 30-45 sqm carpet area will be constructed by Public/Private Agencies and made available for allotment to the eligible beneficiaries of EWS category. Financial assistance of upto ₹2.5 lakh per EWS (annual income upto ₹3 lakh) flat is provided together by Central and State agencies on the purchase price of the property to the EWS beneficiary in AHP projects.
- Affordable Rental Housing (ARH): This vertical shall ensure affordable and hygienic living spaces for urban dwellers who do not want to own a house but require housing on short term basis or those who do not have the financial capability to construct or buy a house. ARH will promote creation of adequate rental housing for EWS/LIG beneficiaries including urban migrants/homeless/destitute/industrial workers/working women/construction workers, urban poor (street vendors, rickshaw pullers, other service providers etc.), migrants working with market/trade associations, educational/health institutions, hospitality sector, /contractual employees/ amongst others. The State/UT Governments shall ensure that necessary civic/social infrastructure gaps like water, sewer/ septage, sanitation, internal road, community centre, health centre, creche etc. along with desired neighbourhood commercial facilities within the campus as per the requirement are addressed to make these houses liveable. EWS and LIG beneficiaries having annual income of ₹3 lakh and ₹6 lakh respectively can avail of this facility.
- Interest Subsidy Scheme (ISS): Under the Interest Subsidy Scheme (ISS) vertical of PMAY-U 2.0, the subsidy will be provided on home loans sanctioned and disbursed on 01.09.2024 or after to eligible beneficiaries of EWS/LIG and MIG for purchase/ repurchase/construction of houses. Households belonging to EWS, LIG and MIG category with an annual income of up to ₹3 lakh, ₹6 lakh and ₹9 lakh, respectively will be eligible to avail the benefit of the Scheme. For identification as an EWS/LIG/MIG beneficiary under the Scheme, an individual loan applicant will submit a proof of income.
Note:
The citizen is required to carefully read and understand the above details before applying for the benefit in any one of the four verticals of PMAY-U 2.0. Once a vertical is selected, then it cannot be changed at later stage. Filling up the application form shall not entitle the citizen to get benefit of PMAY-U 2.0 scheme, unless the eligibility is verified by the respective States/UTs/ULBs/CNAs/PLIs.
