The Ministry of Housing and Urban Affairs (MoHUA) in partnership with National Housing Bank (NHB), organized a national workshop in New Delhi focusing on the Pradhan Mantri Awas Yojana – Urban 2.0 and its Interest Subsidy Scheme (ISS).
What are the Core Themes?
Objective: PMAY-U 2.0 will provide financial aid to 1 crore urban poor and middle-class families through States/UTs/PLIs for affordable housing in urban areas over five years from 1st September 2024.
Preference will be given to widows, single women, persons with disabilities, senior citizens, transgenders, Scheduled Castes/Scheduled Tribes, minorities, and other vulnerable sections.
Special focus includes Safai Karmi, street vendors (PM SVANidhi Scheme), artisans (Pradhan Mantri-Vishwakarma Scheme), Anganwadi workers, construction workers, slum/chawl residents, and other identified groups.
Workshop Participation: The workshop was attended by over 250 participants from various banks, housing finance companies (HFCs), and primary lending institutions (PLIs), emphasizing the collaborative effort needed for successful implementation.
Key Features:
Provides interest subsidies to Economically Weaker Sections (EWS), low-income groups (LIG), and middle-income groups (MIG) on home loans.
The Government assistance under Pradhan Mantri Awas Yojana – Urban 2.0 will be upto 2.50 lakh per unit.
