PMAY Pradhan Mantra Awas Yojana scheme | Feature of Pradhan Mantra Awas Yojana scheme | pmaymis.gov.in
"PMay means Pradhan Mantri Awas Yojana"
PMAY Scheme
According to current estimates, the urban population of the country, which has already seen a sharp increase over the past decade, is set to see a phenomenal growth in the years to come. By the year 2050, the country’s urban population is set to reach a population of more than 814 million people.
This is an increase of about 400 million from current levels. One of the biggest challenges faced by the country will be providing affordable housing, sanitation and development, and a safe environment to the city dwellers.
Pradhan Mantra Awas Yojana scheme
While the "Pradhan Mantri Awas Yojana" is clear about its goals – affordable housing for all by 2022, it does ensure that the benefits of the scheme are enjoyed by women, economically backward groups of Indian society and the Scheduled Castes and Scheduled Tribes.
In an unprecedented move, the government has decided to protect the interests of neglected groups in the country. Transgender and widows, members of the lower income groups and urban poor, and the Scheduled Castes and Scheduled Tribes shall be granted preference when they try to avail the affordable housing scheme.
Apart from these groups members of society who often find themselves out of a home, seniors and differently-abled people shall also gain preference in allotment of houses. They shall also be able to choose a ground-floor house if need be.
Apart from this, it is also mandatory that while registering to avail the benefits of the scheme, the beneficiaries must necessarily mention their mother or wife’s name.
According to news reports, these details were revealed by a Housing and Urban Poverty Alleviation Ministry official before the launch of the scheme
The PMAY Project is aimed for urban areas with following components/options to States/Union Territories and cities:-
1. Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource;
2. Promotion of affordable housing for weaker section through credit linked subsidy;
3. Affordable housing in partnership with Public & Private sectors and
4. Subsidy for beneficiary-led individual house construction or enhancement.
Feature of Pradhan Mantra Awas Yojana scheme:
1. Interest subsidy of 6.5 percent on housing loan will be provided for 15 years to the beneficiaries.
2. Older and Differently abled persons will be given preference in the allotment of ground floors under the Pradhan Mantri Awas Yojana scheme.
3. Eco friendly and sustainable technologies will be used during the construction process.
The scheme will cover entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities in three phases.
Credit linked subsidy component of the scheme would be implemented across the country in all statutory towns right from the beginning.
For More details, visit PMay - Pradhan Mantri Awas Yojana Official website : pmaymis.gov.in