Pradhan Mantri Awas Yojana: PM Narendra Modi-led Cabinet approves construction of 3 crore houses in rural, urban regions
PM Awas Yojana News Update: The Modi 3.0 Cabinet met for the first time on Monday and approved the construction of three crore houses across the rural and urban parts of the country under the Pradhan Mantri Awas scheme (PMAY), a flagship housing scheme under the NDA government. The PM Awas scheme offers financial assistance and incentives to eligible beneficiaries to construct, purchase, or renovate their homes. Read on to know all the key details here.
Narendra Modi 3.0 Cabinet Meeting June 10: The Narendra Modi 3.0 government's Union Cabinet met for the first time on Monday and approved the construction of three crore houses across the rural and urban parts of the country under the government's flagship housing scheme, Pradhan Mantri Awas Yojana (PMAY).
The government has been providing assistance to the eligible rural and urban households for the construction of houses with basic amenities under the Pradhan Mantri Awas Yojana since 2015-16.
In the last 10 years, the Modi government has constructed 4.21 crore houses under the PM Awas scheme.
The PM Awas scheme offers financial assistance and incentives to eligible beneficiaries to construct, purchase, or renovate their homes. All the houses constructed under the PMAY scheme are provided the other basic amenities such as household toilets, LPG connections, electricity connections and functional household tap connection through convergence with other schemes of central and state governments.
The Pradhan Mantri Awas scheme - aimed at providing affordable housing for all - has two components: Pradhan Mantri Awas Yojana (Urban) and Pradhan Mantri Awas Yojana (Gramin). While the urban component targets urban poor households, the rural component focuses on providing pucca houses with basic amenities to rural households living in kutcha houses.
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