Pradhan Mantri Awas Yojana
The government of India has taken major steps towards ensuring that every person In India can get a house within their financial capability. Prime Minister has launched a scheme, Pradhan Mantri Awas Yojana, previously known as housing for all scheme, with a bold vision of affordable housing to every person in India.
The aim of the scheme is to build 2 crore houses in India by 2022. The Mission will be implemented during 2015-2022 and will provide central assistance to Urban Local Bodies (ULBs) and other implementing agencies through States/UTs for:
1. In-situ Rehabilitation of existing slum dwellers using land as a resource through private participation
2. Credit Linked Subsidy
3. Affordable Housing in Partnership
4. Subsidy for Beneficiary-led individual house construction/enhancement.
In the spirit of cooperative federalism, mission provides flexibility to the States for choosing the best options amongst four verticals of mission to meet the demand of housing in their states. Process of project formulation and approval in accordance with the mission Guidelines has been left to the States so that projects can be formulated, approved and implemented faster
A Technology Sub-Mission under the Mission has been set up to facilitate adoption of modern, innovative and green technologies and building material for faster and quality construction of houses. Technology Sub-Mission also facilitates preparation and adoption of layout designs and building plans suitable for various geo-climatic zones. It will also assist States/Cities in deploying disaster resistant and environment friendly technologies.
Note: The scheme if goes as per planned, will be a major boost to the economy and standard of living of people is set to raise due to these.
