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Critical Topics and Their Significance for the UPSC CSE Examination on August 12, 2024

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Cabinet approves implementation of the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) during FY 2024-25 to 2028-29

For Preliminary Examination: Current events of national and international importance

For Mains Examination: GS II - Indian Polity & Governance

Context:

Cabinet approves implementation of the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) during FY 2024-25 to 2028-29 Total outlay of Rs.3,06,137 crore for FY 2024-25 to 2028-29 including Central Share of Rs.2,05,856 crore and State Matching Share of Rs.1,00,281 crore.

Read about:

What is Pradhan Mantri Awaas Yojana (PMAY)?

Significance of PMAY

Key takeaways:

The Union Cabinet, led by Prime Minister Shri Narendra Modi, has recently approved the Department of Rural Development's proposal for the “Implementation of the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) from FY 2024-25 to 2028-29.” This plan includes financial support for building an additional two crore houses, with assistance set at Rs.1.20 lakh for plain areas and Rs.1.30 lakh for the North Eastern Region, as well as the hill states of Himachal Pradesh, Uttarakhand, and the Union Territories of Jammu & Kashmir and Ladakh.

Benefits:

• Completion of Existing Targets: The remaining 35 lakh houses not finished by March 31, 2024, will be completed to meet the earlier target of 2.95 crore houses.
• New Construction: Over the next five years (FY 2024-2029), the construction of two crore more houses will address ongoing housing needs. This initiative is expected to benefit approximately 10 crore individuals.
• Improved Living Conditions: The approval aims to provide secure, quality housing with essential amenities to those currently living in inadequate conditions, thus enhancing safety, hygiene, and social inclusion for the beneficiaries.

Background:

To realize the goal of “Housing for All” in rural areas, the Government of India launched the Pradhan Mantri Awas Yojana - Gramin (PMAY-G) in April 2016. The scheme aims to construct 2.95 crore houses with basic amenities in phases, with the target date set for March 2024

 Pradhan Mantri Awaas Yojana – Gramin (PMAY-U)

The Pradhan Mantri Awas Yojana – Urban (PMAY-U) is a flagship scheme launched by the Government of India in June 2015. Its primary goal is to ensure housing for all in urban areas by the year 2022, targeting the construction of affordable housing units for economically weaker sections, low-income groups, and middle-income groups.

Program Highlights:

• Housing Targets:

• • Objective: To provide affordable housing to the urban poor.
  • Scope: The scheme aims to build approximately 20 million (2 crore) houses across urban areas by 2022.