Context:

• Recently the Centre has approved construction of nearly 1.12 lakh more affordable houses for urban poor in eight states under the Pradhan Mantri Awas Yojna, with Andra Pradesh bagging the largest share of over 37,000 housing units.
• According to the Housing and Urban Affairs Ministry, which is mandated to implement the scheme, the total number of houses being funded under the PMAY (Urban) is close to 55 lakh across the country so far.

About PMAY-Urban:

• The Pradhan Mantri Awas Yojana (Urban) Programme launched by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA), in Mission mode envisions provision of Housing for All by 2022, when the Nation completes 75 years of its Independence.

The Mission seeks to address :

• Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource.
• Promotion of Affordable Housing for weaker section through credit linked subsidy.
• Affordable Housing in Partnership with Public & Private sectors.
• Subsidy for beneficiary-led individual house construction /enhancement.

Source:TH