PMAY-U scheme extended up to next year

Tags: Government Schemes National News

Union Minister of Housing and Urban Affairs Hardeep Singh Puri said the Pradhan Mantri Awas Yojana-Urban (PMAY-U) scheme has been extended up to next year, to complete all the houses sanctioned during the last financial year.

An overview of the news

  • Around 123 lakh houses were sanctioned under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) during the last financial year, of which 68 lakh houses were completed till last month.

  • The central government has sanctioned Rs 2 lakh crore under the scheme, out of which Rs 1.36 lakh crore has been released so far.

  • The survey conducted by the States and Union Territories shows that there is a demand of 112 lakh houses under PMAY-U in the country.

Pradhan Mantri Awas Yojana-Urban (PMAY-U)

  • It was launched on 25 June 2015 by the Government of India and it is being implemented by the Union Ministry of Housing and Urban Affairs.

  • The scheme aims to provide pucca houses to all the eligible beneficiaries by 2022.

  • Around 1.12 crore houses are to be constructed under the scheme.

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