The second phase of Pradhan Mantri Awas Yojana(Urban) will soon be launched and the allocation for the scheme is likely to be made in the Union budget next month. As per Union Housing and Urban Affairs Ministry, modalities of the PMAY-U 2.0 are currently being worked out and the second phase will be launched in less than a month.
Over one crore houses will be constructed in the urban areas, adding that the flagship scheme is being revamped to provide assistance to more urban families. The second phase of the scheme will soon be launched and it will be based on the learnings of the first phase of PMAY-U with the focus on better targeting of the scheme and no delay in disbursement.
PMAY-U 2.0 is likely to have three categories -- Economically Weaker Section (EWS), Low Income Group (LIG) and Middle-Income Group (MIG). The Union Cabinet in its first meeting approved government assistance for the construction of three crore houses under the PMAY.
According to the ministry, in the nine years of its journey, PMAY-U has transformed the lives of millions of families for whom a pucca house was no less than a distant dream.
