- The Pradhan Mantri Awas Yojana (Urban), aimed at providing affordable housing for the urban poor, will be revamped with new features, according to the Ministry of Housing and Urban Affairs.
- Launched in 2015, the PMAY (Urban) has been extended until December 2024.
- Its mission is to address the urban housing shortage among the poor and middle-income groups, including slum dwellers, by ensuring a pucca house for all eligible urban households.
- Additionally, the Ministry announced the Special Assistance to States for Capital Investment schemes for 2023-24 and 2022-23, aimed at improving and speeding up urban planning by incentivising States.
- These schemes also encourage States to create an enabling ecosystem for affordable housing for built-up areas up to 66 sq m through favourable by-laws and policies.
- Under these provisions, approximately 500,000 dwelling units have been constructed in the last four to five years in the States. In 2023-2024 alone, around 44,000 dwelling units have been built.
Dig Deeper: Compare PM Awas Yojana -Urban with its version of Rural areas.
