Pradhan Mantri Awas yojana

Pradhan Mantri Awas Yojana (Urban) is a vision of Prime Minister Narendra Modi of India which was launched in June 2015 with an aim to provide affordable houses with water facility, sanitation and electricity supply round-the-clock to urban poor. The government has identified 305 cities and towns have been identified in 9 states for beginning construction of these affordable houses.

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 Rs 2 trillion from central government.

The features of Pradhan Mantri Awas Yojana are that the government will provide an interest subsidy of 6.5 per cent on housing loans availed by the beneficiaries for a period of 15 years from the start of a loan. The houses under Pradhan Mantri Awas Yojana would be constructed through a technology that is eco-friendly. Its prime objective is to deliver the project by 2022. The houses under this scheme will be allocated to the females of the family or jointly with males.

In his Budget speech on February 1, 2017, finance minister Arun Jaitley said that the size of affordable housing carpet area will be extended.

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Pradhan Mantri Awas yojana News

PMAY-Urban scheme explained: Check eligibility, benefits, required documents and how to apply

TIMESOFINDIA.COM / May 24, 2026, 23:31 (IST)

CM Yogi to hand over land ownership rights to 1,645 Pak-displaced families

Jun 01, 2026, 01:37 (IST)

'Housing for all' by 2029: Centre approves Rs 10,021 crore fund for PMAY-G in 12 states

Jun 02, 2026, 14:24 (IST)

A significant Rs. 10,021.42 crore has been sanctioned for rural housing across 12 states under the Pradhan Mantri Awas yojana-Gramin. This initiative aims to provide pucca houses with essential amenities, fostering easier living for rural families. The government is committed to enhancing the quality of life for these households through integrated welfare schemes.

PMC registers 282 grievances at Sahyog Shivir, resolves 58 on spot

Jun 02, 2026, 21:16 (IST)

Family lives under tarpaulin sheet in Hazaribag as wait for govt housing continues

May 31, 2026, 18:25 (IST)

Govt seeks Rs1,600 cr from Centre for rural housing

TNN / May 25, 2026, 00:06 (IST)

In a significant move to bolster rural development, Bihar has formally requested the Centre to disburse Rs 1,600 crore under the 'Mother Sanction' for the Pradhan Mantri Awas yojana–Gramin. With the state's Single Nodal Account running low, timely support for beneficiaries is at risk.

PMAY-U CLSS explained: How those earning under Rs 18 lakh can cut home loan costs

TIMESOFINDIA.COM / May 26, 2026, 14:38 (IST)

Middle-income families dreaming of homeownership can find relief through the Credit Linked Subsidy Scheme (CLSS) under PMAY-Urban. Launched in 2017, it offers interest subsidies on home loans for eligible households earning between Rs 6 lakh and Rs 18 lakh annually. The scheme aims to make housing more affordable by reducing EMIs.

From PMAY to DDA: Government housing schemes every homebuyer should know

TIMESOFINDIA.COM / May 23, 2026, 16:42 (IST)

For countless individuals, the dream of owning a home seems increasingly out of reach due to escalating prices and limited access to financing. In response, governments are launching a spectrum of housing initiatives.

Buying a home? Check if you qualify for PMAY Urban 2.0 benefits

TIMESOFINDIA.COM / Jun 01, 2026, 15:39 (IST)

The Pradhan Mantri Awas yojana – Urban 2.0 offers affordable housing solutions for low and middle-income families in cities. Through initiatives like Beneficiary Led Construction and Affordable Rental Housing, the scheme aims to provide financial assistance and accessible living spaces. Eligibility is based on income and requires no prior pucca house ownership.

PMAY-U 2.0: Urban housing scheme rules explained

TIMESOFINDIA.COM / May 19, 2026, 23:00 (IST)

New PMAY-U 2.0 guidelines offer a 4% interest subsidy on housing loans up to Rs 8 lakh for urban poor and middle-class families. Aiming to support one crore families by 2029, the scheme also includes provisions for women-led ownership and affordable rental housing, enhancing urban living standards and access to homes.

From PMAY-U 2.0 to MHADA: 6 government-backed affordable housing schemes helping Indians buy their first home

TIMESOFINDIA.COM / May 22, 2026, 15:02 (IST)

Government housing schemes in India are vital for first-time homebuyers facing high property prices and limited affordable options. Programs like PMAY-U 2.0 for urban areas and PMAY-G for rural regions, alongside state-level initiatives like MHADA and DDA, offer structured pathways to homeownership.