THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF HOUSING AND URBAN AFFAIRS
(SHRI HARDEEP SINGH PURI)
(a) : The Pradhan Mantri AwasYojana(Urban) {PMAY(U)} Mission, launched on 25.6.2015, aims to provide assistance to States/ Union Territories (UTs) in addressing the housing requirement of the urban poor through the following four verticals:
(i) “In situ” Slum Redevelopment with participation of private developers using land as resource under which a slum rehabilitation grant of Rs. 1 lakh per house on an average is provided by the Government of India.
(ii) Promotion of Affordable Housing for weaker section through Credit Linked Subsidy under which an interest subsidy of 6.5% on home loans upto Rs. 6 lakhs is provided by the Government of India for both EWS/LIG categories.
(iii) Affordable Housing in partnership with public or private sector under which Central assistance of Rs. 1.5 lakh per EWS house is provided by the Government of India.
(iv) Subsidy for beneficiary-led individual house construction or enhancement under which Rs.1.5 lakh per house is provided by the Government of India for EWS category.
The Government of India has also launched Credit Linked Subsidy Scheme to provide interest subsidy for housing loans to eligible beneficiaries belonging to Middle Income Group (CLSS for MIG). The scheme approved, initially, for one year period for implementation in 2017, has been now extended up to 31.03.2019.
(b): The projects under the PMAY (U) mission are approved and implemented by State / UT Governments / Urban Local Bodies. Identification of beneficiaries and allotment of houses for the projects accepted under PMAY(U) is the responsibility of the State/UT Governments concerned. Details of cities included in PMAY (U) on the recommendations of States/UTs are at Annexure-I.
(c) to (e): All redevelopment projects envisage in-situ rehabilitation of existing population. Further, any project under the purview of programmes/schemes of other Ministries/Departments is to be taken up by the city level Special Purpose Vehicle (SPV) under convergence with those programmes.
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