Pradhan Mantri Awas Yojana

12.06.2024

Pradhan Mantri Awas Yojana

Why in the news?   

The newly formed Cabinet has decided to further expand the Pradhan Mantri Awas Yojana and construct 3 crore additional rural and urban houses.

About Pradhan Mantri Awas Yojana(PMAY)

• It is a credit-linked subsidy scheme initiated to provide affordable housing to low and moderate-income residents across the country.
• The newly formed government has approved the proposal to provide 3 crore additional rural and urban houses under PMAY.
• The scheme has two components: PMAY-U for the urban poor and PMAY-G and PMAY-R for the rural poor.

PMAY-U (Urban)

• Objective: To provide housing for all in urban areas.
• Beneficiaries: Economically Weaker Section (EWS), Low-Income Group (LIG) and Middle-Income Group (MIG).

Subsidy Schemes:

• Credit Linked Subsidy Scheme: Offers interest subsidy on home loans for EWS, LIG, and MIG categories.
• In-Situ Slum Redevelopment: Utilizes land as a resource to provide houses to eligible slum dwellers.
• Affordable Housing in Partnership: Promotes partnerships with public and private sectors to provide affordable housing.
• Beneficiary-Led Construction: Provides financial assistance to individuals to construct or enhance their own houses.

PMAY-G (Gramin)

• Objective: To provide a pucca house with basic amenities to all rural families who are homeless or living in kutcha or dilapidated houses.
• Beneficiaries: Identified using the Socio-Economic and Caste Census (SECC) 2011.

Features:

• Financial Assistance: 1.2 lakh in plain areas and Rs. 1.3 lakh in hilly, difficult and Integrated Action Plan (IAP) areas.
• Construction: Houses are to be constructed by beneficiaries with technical assistance from the government.
• Convergence with other schemes: Encourages convergence with other schemes like Swachh Bharat Mission (SBM) for toilet construction, and MGNREGA for wage employment.

                                                                        Source: The Hindu

Ques :- With reference to the Pradhan Mantri Awas Yojana (PMAY), consider the following statements:

Statement-I

 It is a credit-linked subsidy scheme initiated to provide affordable housing to low and moderate-income residents across the country.

Statement-II

PMAY-G (Gramin) beneficiaries are identified using the Socio-Economic and Caste Census (SECC) 2011.

Which one of the following is correct in respect of the above statements?

A.Both Statement-I and Statement-II are correct, and Statement-II is the correct explanation for Statement-I.

B.Both Statement-I and Statement-II are correct, and Statement-II is not the correct explanation for Statement-I.

C.Statement-I is correct, but Statement-II is incorrect.

D.Statement-I is incorrect, but Statement-II is correct.

Answer A