Agencies, New Delhi
No stone will be left unturned to realise the vision of ‘Housing for All’ which will transform the urban landscape of the nation, Prime Minister Narendra Modi affirmed on Tuesday, marking the fourth anniversary of Pradhan Mantri Awas Yojana (Urban), Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities.
Mr Modi tweeted, ‘These initiatives have seen record investment, speed, use of technology & public participation. We are committed to further improve urban infrastructure. No stone will be left unturned to fulfill the dream of ‘Housing for All’, which will give wings to crores of aspirations,
‘Four years ago, today, we started important initiatives PM Awas Yojana (U), AMRUT, Smart Cities with the aim to transform urban landscape in India. These schemes have not only helped usher in a new paradigm of urban development but have also transformed crores of lives,’ the Prime Minister asserted.
Pradhan Mantri Awas Yojana is an initiative by the Centre in which affordable housing will be provided to the urban poor with a target to build by 31 March 2022 twenty million affordable houses. It has two components: Pradhan Mantri Awas Yojana (Urban) (PMAY-U) for the urban poor and (PMAY-R) for the rural poor. This scheme is converged with other schemes to ensure houses have a toilet, Saubhagya Yojana electricity connection, Ujjwala Yojana LPG gas connection, access to drinking water and Jan Dhan banking facilities, among others.
Under PMAY, it is proposed to build 2 crore houses for urban poor including Economically Weaker Sections and Low Income Groups in urban areas by the year 2022 through a financial assistance of ₹2 trillion from the Union government. The plan has four components viz., In-situ Slum Redevelopment with private sector participation using land as resource, Affordable Housing through Credit Linked Subsidy, Affordable Housing in Partnership with private and public sector and Beneficiary led house construction/enhancement. Under these components, Central assistance will be in the range of ₹1 lakh to Rs 2.30 lakh .