PMAY-Urban

Under PMAY-U 2.0, financial assistance is provided to 1 crore urban poor and middle-class families through States/Union Territories (UTs)/Primary Lending Institutions (PLIs) to construct, purchase or rent a house at an affordable cost in urban areas for 5 years. Families belonging to EWS/LIG/MIG segments, having no pucca house anywhere in the country, are eligible to purchase or construct a house under PMAY-U 2.0. Central assistance of up to ₹2.50 lakh crore will be provided under the Scheme. PMAY-U 2.0 will be implemented through four verticals, providing flexibility to the beneficiaries/States/UTs in choosing different options available under the Scheme.

The Scheme will also ensure equity across different segments of population by addressing the housing requirements of widows, single women, persons with disabilities, senior citizens, transgenders, persons belonging to Scheduled Castes/Scheduled Tribes, Minorities and other weaker and vulnerable sections of the society.