1st meeting of Central Sanctioning and Monitoring Committee (CSMC) under PMAY-U 2.0 Held | Current Affairs | Vision IAS
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A total of over 3.52 lakh houses under Beneficiary Led Construction (BLC) and Affordable Housing in Partnership (AHP) components of Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0)  was sanctioned.

About PMAY-U 2.0 (Housing for All Mission)

  • Objective: Provides Central Assistance to eligible beneficiaries/households/ implementing agencies through States/Union Territories (UTs)/Primary Lending Institutions (PLIs) to construct, purchase or rent a house at an affordable cost.
    • Supports construction of houses with a minimum of 30 square meter (sqm) carpet area along with basic civic amenities and social infrastructure. 
  • Duration: 5 years (starting from 01.09.2024)
  • Type: Centrally Sponsored Scheme (CSS) [Interest Subsidy Scheme (ISS) component is implemented as a Central Sector Scheme.]
  • Implementation: Ministry of Housing and Urban Affairs (MoHUA)
  • Eligibility: Families belonging to Economically Weaker Sections (EWS)/Low Income Group (LIG)/Middle Income Group (MIG) in urban areas, having no pucca house. 
    • Preference to Widows, single women, Persons with Disabilities, Senior Citizens, Transgenders, persons from Scheduled Castes/Scheduled Tribes, etc. 

Significance of the scheme

  • Women Empowerment: More than 2.67 lakh houses sanctioned for the women alone, including single women and widows.
  • Promoting inclusiveness: Around 80k houses for Scheduled Castes, 15k for Scheduled Tribes, 90 houses for transgenders  have been sanctioned.
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