PMAY(U) results in over 800 per cent Increase in Urban Houses

Business MInutes

Launched in 2015, Pradhan Mantri Awas Yojana (Urban) is changing the lives of people by addressing the urban housing shortage among the Economically Weaker Section (EWS)/Low Income Group (LIG) category, including slum dwellers, by providing eligible urban households with a pucca (permanent) house. The scheme also promotes women empowerment by providing the ownership of houses in the name of female member or in a joint name.

Between 2004 and 2014, only 8.04 lakh houses were completed. However, since 2015, more than 74.25 lakh houses have been completed (as on May 24, 2023). 

Moreover, there has been a significant increase in approved Central Assistance, which was only 0.20 lakh crore during the 2004-2014 period but has risen to 2.01 lakh crore till date. 

Aligned with the vision of Housing for All, PMAY(U) stands as one of the world's largest housing programmes. PMAY(U) has transformed the lives of the poor by providing affordable housing, improving living conditions, and empowering women. The scheme has offered financial assistance for home ownership, slum rehabilitation, and access to basic amenities, leading to reduced slum populations, increased employment opportunities, and enhanced social inclusion. Overall, it has significantly improved the Ease of Living for the citizens.


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