PMAY-U 2.0: The central government provides housing to both rural and urban poor. For this purpose, the government has launched the Pradhan Mantri Awas Yojana (PMAY). In the second phase of the scheme, PMAY 2.0, the government is providing financial assistance to people living in urban areas to buy or rent a house.

This government scheme will remain in effect until 2029, with the aim of providing housing to all the poor. If you don’t have a permanent house, don’t worry. You can easily avail the benefits of the PMAY 2.0 scheme. Learn about the eligibility criteria and other important conditions for applying to this scheme in detail.

Who will benefit from the PMAY-U 2.0 scheme?

The Pradhan Mantri Awas Yojana is for families who do not own a permanent house. It benefits economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG) in urban areas. Beneficiaries can build or buy a house according to their needs. They can also choose the option of renting a house. Certain income limits have been set for this.

The annual income for EWS should be ₹3 lakh or less. The annual income for LIG should be between ₹3 lakh and ₹6 lakh. The annual income for MIG should be between ₹6 lakh and ₹9 lakh.

Ineligible individuals will not receive the benefits of the scheme. Geo-tagging is also being used to monitor transparency. This includes recording photos, videos, and location details related to the construction.

Who runs the scheme?

The Pradhan Mantri Awas Yojana (Urban) is implemented by the Ministry of Housing and Urban Affairs. This scheme will fulfil the dream of homeownership for the urban poor. If you are eligible, you can apply after understanding the conditions. If found ineligible after application, you will not receive the benefits of the scheme. You can also apply online. There is no need to worry about the application process.