Government sanctions construction of 60,000 homes under PMAY(U).

Why in news?

• Project proposals for the construction of over 60,000 houses were approved across the states of Andhra Pradesh, Chhattisgarh, Himachal Pradesh, Karnataka and Rajasthan under the Pradhan MantriAwasYojana (Urban) recently.
• The total number of sanctioned houses under PMAY(U) stands at 114.07 lakh, of which around 93.25 lakh have been grounded for construction and around 54.78 lakh have been delivered to the beneficiaries.
• The total investment under the PMAY(U) stands at ₹7.52 lakh crore, with ₹1.87 lakh crore central assistance out of which ₹1.21 lakh crore has already been released.

About Pradhan MantriAwasYojana (Urban)

• It is a flagship Mission of Government of India being implemented by the Ministry of Housing and Urban Affairs (MoHUA).
• It was launched on 25th June 2015 and addresses urban housing shortage among the EWS/LIG and MIG categories including the slum dwellers by ensuring a pucca house to all eligible urban households by the year 2022, when Nation completes 75 years of its Independence.
• PMAY(U) adopts a demand driven approach wherein the Housing shortage is decided based on demand assessment by States/Union Territories.
• Coverage: The Mission covers the entire urban area consisting of Statutory Towns, Notified Planning Areas, Development Authorities, Special Area Development Authorities, Industrial Development Authorities or any such authority under State legislation which is entrusted with the functions of urban planning & regulations.