The Union Cabinet and the Honorable Prime Minister of India, Mr. Narendra Modi has approved over According to Finance Minister Nirmala Sitharaman, “In urban areas, PM Awas Yojana-Urban 2.0 will cater to the housing requirements of 1 Crore poor and middle-class families, backed by an investment of Rs 10 lakh crores. This initiative includes Rs 2.2 lakh crores in central assistance over the next five years. In this post you get every necessary information regarding this yojana such as required documents, eligibility, benefits, objective and apply online procedure.
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Pradhan Mantri Awas Yojana 2024
The Pradhan Mantri Awas Yojana was introduced by Prime Minister Narendra Modi in 2015. The government started this program with the goal of achieving house ownership. Under the Awas Yojana, the national government, headed by Prime Minister Mr. Narendra Modi approved the construction of 3 crore additional homes.
All Indian people who are in financial instability and reside in rural or urban regions will be able to access housing facilities under the yojana. In 10 years, the Indian federal government has constructed 4.21 crore homes under the PM Awas Yojana. All Indian residents who do not own a home or pay rent are qualified to receive benefits under the yojana.
Updates 23rd July – Pradhan Mantri Awas Yojana Urban 2.0
The Main targets of addressing the housing needs of 10 million urban families through PM Awas Yojana Urban 2.0 highlight the significant challenge of urban housing in India. With urbanization expected to reach 50 percent by 2050, the timely ₹10-lakh-crore investment was greatly needed. The ₹2.2 lakh crore central assistance demonstrates a robust public-private partnership model, where government support will spur private investment. This could lead to innovative financing mechanisms and construction technologies in the affordable housing sector.
Unlike many housing policies that often overlook the ‘missing middle,’ this scheme targets both poor and middle-class families. If implemented effectively, it has the potential to significantly reduce India’s substantial urban housing shortage, estimated at 18.78 million units in 2012, and transform the urban landscape. The Finance Minister’s announcement of ₹10 lakh crore investment in urban housing under PM Awas Yojana Urban 2.0 is a game-changing initiative for India’s real estate sector.
Overview Of PM Awas Yojana Urban 2.0 2024
| Yojana | Pradhan Mantri Awas Yojana 2024 |
| Launched By | Government of India |
| Beneficiaries | Citizens |
| Objective | To providing housing facilities |
| Official Website | pmaymis.gov.in |
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Objective Of PM Awas Yojana Urban 2.0
The main objective of this yojana is to give housing facilities to all Indian residents who are in financial instability, whether they reside in rural or urban areas.
Benefits Of Pradhan Mantri Awas Yojana
- The central government of India would provide housing facilities to the chosen candidates.
- The applicants would receive financial support from the Indian government to build their homes.
- The scheme will significantly decrease India’s homeless population.
- In under 10 years, the Indian federal government has completed the construction of 4.21 crore homes under the yojana.
- As part of the yojana, the union cabinet of India has now approved an additional 3 crore homes.
Eligibility Criteria
- The applicant has to live in India.
- The applicant must not have a permanent house.
- The applicant has to be insecure about their finances.
Required Documents
- Passport Size Photograph
- Aadhaar Card
- Address Proof
- PAN Card
- Email ID
- Mobile Number
Online Apply Of PM Awas Yojana Urban 2.0 2024
- First you have to visit the Official Website of the yojana.
- The homepage will appear on your screen.
- Click on the Citizens Amendment.
- Click on the Apply option.
- A new page will appear on your screen.
- Enter your Aadhaar Number.
- The application form will appear on your screen.
- Enter all the required details in the form.
- You have to upload all the necessary documents.
- Click on the submit button.
Search Pradhan Mantri Awas Yojana 2024
- First you have to visit the Official Website of the yojana.
- The homepage will appear on your screen.
- Click on the Search Beneficiary option.
- A new page will appear on your screen.
- Enter your registered mobile number.
- Click on the send OTP.
- Enter the received OTP.
- Click on the submit button.
FAQ’s
Who gave the new homes under the Pradhan Mantri Awas Yojana 2024 their approval?
The new homes under the yojana were authorized by the Indian Union Cabinet, which is chaired by Prime Minister Mr. Narendra Modi.
How many new homes are approved under the Pradhan Mantri Awas Yojana 2024?
Under the yojana, approval has been granted for 3 crore more houses.
What is the objective of this yojana?
Its goal is to give families and people who are economically disadvantaged access to permanent homes.