Pradhan Mantri Awas Yojana (PMAY)-Urban 2.0 Scheme

Current Context :The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, with the aim of constructing 1 crore houses.

• The scheme is aimed to give financial support to the middle class as well as impoverished urban families for building, buying, or renting reasonably priced urban homes.
• Eligibility : belong to the Economically Weaker Section (EWS), Low Income Group (LIG), and Middle Income Group (MIG) segments and do not currently own a pucca house anywhere throughout the country.

INCOME CRITERIA ARE AS FOLLOWS:

• EWS households with an annual income up to ₹3 lakh.
• LIG households with an annual income between ₹3-6 lakh.
• MIG households with an annual income between ₹6-9 lakh.