PM Awas Yojana 2024: Big update! Now these categories of people will also be covered under Centre’s flagship scheme! Details here
financialexpress.comPM Awas Yojana Update: The Centre is reportedly planning to widen the scope and size of its flagship scheme Pradhan Mantri Awas Yojana (PMAY). Now shopkeepers, traders and self-employed will also be brought under the ambit of the scheme, part of the ‘Housing for All’ mission of the central government, CNBC-TV18 reported citing sources.
The government may consider benchmarking the home loan subsidy to the price and size of the house, the report suggested.
Pradhan Mantri Awas Yojana (PMAY) was launched in 2015 to provide housing to all citizens in the country. Beneficiaries received subsidy on loans under the credit linked subsidy scheme (CLSS). As per PMAY guidelines, beneficiaries were divided into three categories – EWS (economically weaker section), LIG (lower income group) and MIG (middle income group).
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The original deadline for PMAY – Housing for All was March 2022 and later it was extended until December 2024.
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced enhancing the outlay for PMAY by 66% to over Rs 79,000 crore.
In her Budget speech, Sitharaman said, “Despite the challenges due to COVID, implementation of PM Awas Yojana (Grameen) continued and we are close to achieving the target of three crore houses. Two crore more houses will be taken up in the next five years to meet the requirement arising from increase in the number of families.”
PM Awas Yojana types
The central government’s flagship scheme was divided into two types – PM Awas Yojana Urban and PM Awas Yojana Rural.
PM Awas Yojana Urban
The programme focussed on categories like EWS, LIG and MIG living in urban areas across over 4,000 towns and cities in the
