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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 

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