What is Pradhan Mantri Awas Yojana ?
What is Pradhan mantri awas yojana?
The Pradhan Mantri Awas Yojana (PMAY) is an initiative of the Indian government to provide affordable housing to the urban poor by 2022.On June 1st, 2015, the strategy was initially disclosed. The PMAY programme has a 20-year maximum repayment period and a 6.50 percent yearly interest rate. The administration has presented it in this way. To guarantee that individuals have access to affordable housing, the federal government will work with developers of real estate. All of the homes were built with the intention of being completely self-contained, with power and toilets. The electricity will be paid for through the Subhagya Yojana. Under the Ujjwala Yojana, LPG connections would be made available to households. The benefits of the Jan Dhan Yojana Banking will include access to drinking water. The programme has been combined with other benefit programmes in a variety of ways.
The PM Awas Yojana scheme is divided into two subdivisions based on the areas on which they focus:
Pradhan Mantri Awas Yojana (Gramin)/ PMAY-G
Pradhan Mantri Awas Yojana (Urban)/ PMAY – U
(READ MORE ABOUT PMAY IN DETAIL HERE)
What is Pradhan Mantri Gramin Awas Yojana (PMAY Rural) Scheme?
One of the main signature initiatives of the Ministry of Rural Development The Pradhan Mantri Gramin Awas Yojana (PMAY Rural) was launched during the 2009–2010 fiscal year. This initiative was started by Rajiv Gandhi, India's then-Prime Minister, and was formerly known as the Indira Awas Yojana (IAY). The program's major objective was to provide "Housing for All" by 2022. The PMAY rural scheme aims to promote scheduled caste villages in an integrated manner.
The Pradhan Mantri Awas Yojana Gramin (PMAY-G) programme of the central government seeks to address the housing crisis in rural India while simultaneously advancing the aim of Housing for All. People who are living in kutcha houses with little to no access to necessary amenities and who are unable to afford a home are eligible for PMAY Gramin units. Out of a target of 2.95 crore, 1.65 crore PMAY Gramin houses have already been constructed as of November 29, 2021. The Ministry of Rural Development's (MoRD) goal has already been exceeded by more than half.
RECENT UPDATES ABOUT PMAYG SCHEME:
PMAY Gramin scheme has been extended till March 2024:
In order to complete the task of building 2.95 crore homes, the Union Cabinet has extended the duration of the government's signature "Housing for All" programme, Pradhan Mantri Awas Yojana Gramin (PMAY Gramin), from March 2021 to March 2024. Under this continuance of the programme, the 155.75 lakh remaining homes would receive financial assistance to be transformed into pucca houses with the most basic amenities.
The remaining 155.75 lakh houses under the PMAY rural programme will cost a total of?2,17,257 crore to build, with a significant contribution of?1,25,106 crore and a state share of?73,475 crores, for a total of 2.95 crore homes in rural areas.
The following are the key features of the Pradhan Mantri Gramin Awas Yojana scheme:
The PMAY Gramin residences are 25 square metres (269.098 sq ft).
The Central and State governments will split the cost of each unit in plain regions 60:40, providing?.1.20 lakh in aid for each unit.
In Himalayan states, states in the northeast, and the Union Territory (UT) of Jammu & Kashmir, the ratio is 90:10, with each unit receiving up to?.1.30 lakh in aid.
The centre is providing all financing for Union Territories, which includes the UT of Ladakh.
Beneficiaries of MGNREGS receive?.90.95 per day of unskilled labour.
Gram Sabhas use socioeconomic and caste census criteria to identify and confirm beneficiaries (SECC).
In collaboration with MGNREGS or other programmes, the Swachh Bharat Mission-Gramin (SBM-G) would provide up to?12,000 in toilet construction assistance.
Electronic payments are made to post office or bank accounts that are connected to Aadhaar.
The factors listed above ensure the following advantages:
The homeless will be given inexpensive housing under PMAY G.
Senior citizens and persons with special needs will have space on the ground floor.
Utilizing sustainable and ecologically friendly items helps maintain a cleaner environment.
This programme includes rural mason training, ensuring employment opportunities.
Through this programme, low-interest loans are made available to rural residents.
