Sign In
Learn bits
Schemes & Policies
Mahesh

11/08/22 05:05 AM IST

Union Cabinet approves extension of PMAY-Urban 'Housing for All Mission' upto 31st Dec 2024

In News 
  • Union Cabinet has approved continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U) - Housing for All Mission up to 31st December 2024. 
PMAY 
  • Launched in 2015, the original deadline for the scheme aimed at providing affordable housing with incentives was March 2022.
  • It was launched with the aim to achieve housing for all by 2022.
  • According to data on the PMAY site, a total of 12.26 million houses have been sanctioned so far, out of which 61.77 lakh houses have been completed.
  • In December 2021, the cabinet approved the extension of the rural housing scheme, PMAY-Gramin (Rural) till March 2024.
  • The Urban scheme is being implemented through four verticals:
  • Beneficiary-Led Construction (BLC)
  • Affordable Housing in Partnership (AHP)
  • In-situ Slum Redevelopment (ISSR)
  • Credit Linked Subsidy Scheme (CLSS).
  • While the Center provides financial assistance, state governments and union territories implement the scheme including the selection of beneficiaries.
Source- PIB 

More Related Current Affairs View All

13 Feb

Should convicted persons be allowed to contest elections?

'The Supreme Court is hearing petitions filed by Ashwin Upadhyay and others, seeking a life time ban on convicted persons from contesting elections.' Section 8(3) of the Represe

Read More

13 Feb

UGC decentralised’ system

'Four months after scrapping the UGC-CARE (Consortium for Academic and Research Ethics) system of listing quality journals, the University Grants Commission (UGC) this week announc

Read More

12 Feb

Scientists discover ‘Einstein ring’ around nearby galaxy

'The European Space Agency’s (ESA) Euclid space telescope has discovered a rare ring of light, known as an Einstein ring, around a galaxy nearly 590 million light-years away

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps