Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana

Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana (PMAY)

It was launched in June, 2015 for addressing the housing requirements of urban poor including slum dwellers in the country with a goal of construction of 2 crore houses by 2022. The Mission will be implemented as a Centrally Sponsored Scheme (CSS) except for the component of credit linked subsidy which will be implemented as a Central Sector Scheme (CSS). The guidelines of the Mission provide for an average grant of ` 1 lakh per house for rehabilitation of eligible slum dwellers with participation of private developers using land as a resource, credit linked interest subsidy at 6.5 per cent for weaker sections of the society and central assistance of 1.5 lakh per house in Economically Weaker Sections segment for beneficiary led individual house construction or enhancement. The Mission will support construction of houses up to 30 square meters carpet area with basic civic infrastructure.