Pradhan Mantri Awas Yojana (PMAY)
ThePradhan Mantri Awas Yojana (PMAY), meaning "Prime Minister's Housing Scheme," is a flagship initiative of the Government of India launched with the ambitious goal of providing affordable housing for all citizens by the year 2022.
Recognizing the fundamental need for shelter and its role in socio-economic development, PMAY aims to address the housing shortage in the country's urban and rural areas.
It operates through two distinct components(2)
| Item | Detail |
|---|---|
| Pradhan Mantri Awas Yojana | Urban (PMAY-U): Focuses on addressing the housing needs of the urban poor and middle-income groups |
| Pradhan Mantri Awas Yojana | Gramin (PMAY-G):Previously known as theIndira Awas Yojana (IAY), this component targets affordable housing for the rural poor |
Pradhan Mantri Awas Yojana
Urban (PMAY-U): Focuses on addressing the housing needs of the urban poor and middle-income groups
Pradhan Mantri Awas Yojana
Gramin (PMAY-G):Previously known as theIndira Awas Yojana (IAY), this component targets affordable housing for the rural poor
- PMAY-U: June 25, 2015
- PMAY-G: November 20, 2016 (restructured from IAY)
- Ministry Responsible
- •PMAY-U: Ministry of Housing and Urban Affairs (MoHUA)
- •PMAY-G: Ministry of Rural Development (MoRD)
- •Objective: To provide "Housing for All" by a specific timeframe (initially 2022, now extended with revised targets).*
- •Scope: Nationwide, covering both urban and rural regions.
- •Approach: A multi-pronged approach involving beneficiary-led construction, credit-linked subsidies, affordable housing in partnership, and slum redevelopment.
The PMAY targets specific socio-economic groups based on income levels(3)
| Item | Detail |
|---|---|
| The core objective -- "Housing for All" in urban India -- remains unchanged. The revised target is to assist1 crore urban familiesover the nextfive years(2024 | 2029)* |
| Association with the Union Budget 2025TheUnion Budget 2025 | 26, presented onFebruary 1, 2025, plays a pivotal role in shaping and supporting PMAY-U 2.0 and allocated ₹19,794 crore for the PMAY-U scheme.It serves as the financial and policy backbone of the scheme in the following ways:Financial AllocationAllocates resources to meet the five-year goal of assisting 1 crore families* |
| Monitoring and Evaluation FrameworkLikely includes frameworks to track progress, ensure transparency, and assess the scheme’s socio-economic impact.In essence,PMAY-U 2.0, backed by the Union Budget 2025 | 26, aims to translate the vision of Housing for All into a more sustainable, inclusive, and resilient reality for India’s urban population |
The core objective -- "Housing for All" in urban India -- remains unchanged. The revised target is to assist1 crore urban familiesover the nextfive years(2024*
2029)
Association with the Union Budget 2025TheUnion Budget 2025*
26, presented onFebruary 1, 2025, plays a pivotal role in shaping and supporting PMAY-U 2.0 and allocated ₹19,794 crore for the PMAY-U scheme.It serves as the financial and policy backbone of the scheme in the following ways:Financial AllocationAllocates resources to meet the five-year goal of assisting 1 crore families
Monitoring and Evaluation FrameworkLikely includes frameworks to track progress, ensure transparency, and assess the scheme’s socio-economic impact.In essence,PMAY-U 2.0, backed by the Union Budget 2025
26, aims to translate the vision of Housing for All into a more sustainable, inclusive, and resilient reality for India’s urban population
* Time-sensitive data — verify for latest information