Pradhan Mantri Awas Yojana-Urban 2.0

Quick Facts 

• Type: Centrally Sponsored Scheme except for Interest Subsidy Scheme (ISS) component which is a Central Sector scheme
• Purpose: Adressing housing needs of 1 crore urban poor and middle-class families 
• Family: Comprises husband, wife, and unmarried children
• Tenure:  5 years starting from September 2024

Objective

• Provide central assistance to eligible beneficiaries/ implementing agencies to construct, purchase or rent a house at an affordable cost.

Salient Features

Background: PMAY-U Scheme was launched in 2015 by to provide all-weather pucca houses to all eligible urban households ('Housing for All').  Exclusions: Families owning a pucca house or benefiting from government housing in the last 20 years. Exclusion: Beneficiary family owning a pucca house in any part of India and Beneficiaries of government housing schemes in last 20 years. Quality of Houses:  Basic amenities in houses: Must have water, sanitation, roads, and electricity. Safety: Compliant with NBC and BIS standards for disaster resistance. AHP & ARH Projects: Must include ramps for disabled access, rainwater harvesting, solar energy, and green spaces. Funding Mechanism: Mission involves public expenditure (40%) and private investment including beneficiary contribution (60%). Technology & Innovation Sub-Mission (TISM): Supports disaster-resistant, eco-friendly housing with advanced construction technologies. Housing of Industrial employees: Industries encouraged to provide rental housing for employees. Affordable Loans: HUDCO offers low-cost loans for PMAY-U 2.0 projects. Transparency and monitoring: Online tracking, geo-tagging, and third-party quality checks. Implementing Agencies (IAs): ULBs, Development Authorities, Housing Boards, Private Developers, etc. selected by State Government/ State Level Sanctioning and Monitoring Committee (SLSMC).  PMAY-G Link: Beneficiaries can choose PMAY-G or PMAY-U 2.0 based on location.