Latest news with #PMAY-U2.0
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First Post
16 hours ago
- Business
- First Post
Women, rural India and the Modi decade: Who benefited most?
From LPG access to housing and financial inclusion, PM Modi's decade saw transformative welfare schemes targeting women and rural India. Flagship programs like Ujjwala, Jan Dhan, and Awas Yojana empowered millions, while new data shows over 170 million people lifted out of poverty. read more Over the last 11 years, Prime Minister Narendra Modi-led government has introduced a series of flagship schemes to empower rural India and women. From clean cooking fuel to housing and bank accounts for the unbanked, these social welfare programmes have not only addressed immediate needs but also contributed to lifting millions out of poverty. Here are six key takeaways from the decade-long impact of the Modi government on rural India and women: STORY CONTINUES BELOW THIS AD Clean cooking fuel: Ujjwala Yojana transforms rural kitchens Launched in 2016, the Pradhan Mantri Ujjwala Yojana (PMUY) was a major initiative to replace hazardous solid fuels like firewood and cow dung with clean LPG connections. By May 2024, over 10.3 crore LPG connections had been distributed to below-poverty-line women across the country. The International Energy Agency notes that nearly 681 million people in India still relied on solid fuels for cooking at the program's inception, underscoring the health and environmental stakes. By enabling access to clean energy, PMUY has reduced household air pollution and the burden of disease on rural women while also freeing up time for education and income-generating activities. A roof over every head: Pradhan Mantri Awas Yojana The Pradhan Mantri Awas Yojana (PMAY-U) launched in 2015 to provide 'housing for all' in urban India. As of late 2023, the government had sanctioned over 1.18 crore houses, with more than 88 lakh already delivered to beneficiaries. To meet the backlog, the government approved PMAY-U 2.0, targeting the construction of an additional 1 crore houses and extending the program deadline to December 2024. This ambitious push not only improved living conditions but also created jobs in construction and allied sectors further supporting economic upliftment in urban poor and rural migrant populations. Financial inclusion at scale: Jan Dhan Yojana's massive reach The Pradhan Mantri Jan Dhan Yojana (PMJDY) has emerged as a cornerstone of India's financial inclusion strategy. From just 14.7 crore bank accounts in 2015, the number soared to over 53 crore by August 2024. *According to the latest information, an estimated 36.14 crore RuPay cards have been issued, enabling digital and cashless transactions. *Average deposits in PMJDY accounts grew over 4 times from 2015 to 2024. *The number of zero-balance accounts halved from 8.52 crore to 4.26 crore. *Nearly 100% village coverage with banking access within a 5 km radius. *Jan Dhan laid the foundation for direct benefit transfers (DBTs) and accelerated financial empowerment especially for women and marginalised communities. Millions lifted out of poverty According to the World Bank's Spring 2025 Poverty and Equity Brief, India's extreme poverty has plummeted to 5.3% in 2022–23, down from 27.1% in 2011–12. That translates to over 269 million people moving out of poverty, with 172 million of them crossing the international $2.15/day poverty line. Economic growth, expanded access to electricity, sanitation, housing and targeted welfare programs all contributed to this decline, making it one of the most major poverty reduction achievements globally in recent decades. STORY CONTINUES BELOW THIS AD Financial inclusion as a catalyst for grassroots growth By extending access to affordable financial services, India has taken decisive steps toward bridging its credit and development gap. Financial inclusion empowers people, especially in rural areas with access to savings, credit, insurance and pensions. This not only encourages entrepreneurship among women and small businesses but also strengthens inclusive economic growth by spreading the benefits to the lowest-income groups. Empowerment beyond welfare: A shift in economic agency The decade under PM Modi has not only seen the distribution of benefits but a strategic pivot towards empowering people as economic actors. Women who once collected firewood now use clean fuel and send their children to school. Families that once lacked formal housing now own a pucca home. People once outside the banking net now participate in the digital economy. As India prepares for the next phase of its development, the last 11 years under the Modi government offer a mixed but undeniably transformational picture, especially for women and rural populations. While challenges remain, the scale and impact of targeted welfare schemes, financial inclusion and poverty reduction have reshaped the socio-economic landscape for millions.
Hans India
2 days ago
- Politics
- Hans India
Varanasi: 608 beneficiaries receive high-tech, luxury housing under PMAY-U
Varanasi: In a significant milestone under the Pradhan Mantri Awas Yojana-Urban (PMAY-U), 608 beneficiaries in Prime Minister Narendra Modi's parliamentary constituency Varanasi have been allotted high-tech, luxury-style homes. The project, inaugurated by the Prime Minister in 2015, marks the first time that such advanced housing facilities have been made available to economically weaker sections under the PMAY-U scheme. These residences come equipped with amenities typically found in premium housing projects—sewage treatment plants, solar-powered lighting, parks, gyms, and 24x7 CCTV surveillance. The housing colony features a 30-foot-wide main road, ensuring smooth vehicular movement and connectivity. The allotment of homes was done without discrimination, with both Hindu and Muslim families among the beneficiaries. "This initiative demonstrates that when political will is combined with modern infrastructure, even the poorest sections of society can enjoy a quality lifestyle," builder Ram Gopal Singh said. "We didn't just build houses; we created an ecosystem where people can live with dignity. Facilities like a gym, solar plant, sewage treatment, and open spaces reflect this vision. There's even a local 'Pradhan' to oversee maintenance and safety," he said. Elaborating on the cost-sharing model behind the project, he said: "Each unit cost about Rs 4 lakh. Beneficiaries paid just Rs 2 lakh, while the remaining cost was subsidised - over Rs 1 lakh from the state government and Rs 1.5 lakh from the Central government. On the market, such homes would cost at least Rs 10 lakh." Beneficiaries expressed overwhelming gratitude for the opportunity to IANS. Shabnam Parveen, a new homeowner, said, 'I never thought I could afford a home here. Now I have a roof over my head, and I'm truly happy.' Another resident, Pradeep Singh, praised the quality of life the new colony offers. "There are parks for children, solar lights, clean roads, and a gym. It feels like a dream," he told IANS. Shobhnath Pandey, also a beneficiary, added: "We have received excellent homes under this scheme. We're thankful to the government for making this possible." The Pradhan Mantri Awas Yojana–Urban, a flagship mission of the Centre under the Ministry of Housing and Urban Affairs (MoHUA), was launched on June 25, 2015. It aims to address the urban housing shortage among Economically Weaker Sections (EWS), Low-Income Groups (LIG), and Middle-Income Groups (MIG), including slum dwellers, by providing them with permanent housing. Recently, the government has launched PMAY-U 2.0. As of March 2025, under PMAY-U 2.0, the first Central Sanctioning and Monitoring Committee meeting approved over 3.52 lakh homes across 10 states and Union Territories, reinforcing the government's commitment to inclusive urban development. PMAY-U, Varanasi Housing, Economically Weaker Sections, Luxury Affordable Homes, Urban Development, Government Housing Scheme
Time of India
19-05-2025
- Business
- Time of India
Govt extends PMAY-U completion deadline to Dec 31, 2025; know who is eligible and how to claim benefits
The Pradhan Mantri Awas Yojana-Urban ( PMAY-U ), launched by the Ministry of Housing and Urban Affairs (MoHUA) on June 25, 2015, is a cornerstone of India's 'Housing for All' mission. Aimed at providing affordable housing to urban families, the deadline for completing houses sanctioned by March 31, 2022 has been extended. PMAY-U deadline extended The PMAY-U deadline has been extended to December 30, 2025, allowing more time to complete the sanctioned houses, ensuring beneficiaries can claim their housing benefits. Home loan rate 8% or below: 10 banks offering lower interest rate to borrowers; check latest EMI on 30 lakh home loan Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Specialist Down Jackets for Ultralight Adventures Trek Kit India Learn More Undo What is PMAY-U 2.0? Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) aims to provide central assistance to eligible families/beneficiaries to construct, purchase or rent affordable houses in urban areas. The scheme targets families in the Economically Weaker Section (EWS), Low-Income Group (LIG), and Middle-Income Group (MIG) who do not own a pucca house (all-weather dwelling) anywhere in India. PMAY-U supports urban families in achieving homeownership through four verticals: Live Events Beneficiary Led Construction (BLC): Supports individuals building their own homes. Affordable Housing in Partnership (AHP): Collaborates with public/private sectors for housing projects. Affordable Rental Housing (ARH): Provides rental housing options. Interest Subsidy Scheme (ISS): Offers subsidies on home loan interest. According to the PMAY website, 'In pursuance of Government's vision of facilitating Housing for All, Ministry of Housing and Urban Affairs (MoHUA), Government of India is implementing Pradhan Mantri Awas Yojana- Urban (PMAY-U) – 'Housing for All' Mission since 25.06.2015. The original mission period was up to 31.03.2022 which has been extended till 31.12.2025 for completion of houses sanctioned up to 31.03.2022, without changing funding pattern and implementation methodology of the scheme.' What is the eligibility criteria to seek benefit under the scheme? Families belonging to EWS/LIG/MIG segments, living in urban areas, having no pucca house either in his / her name or in the name of any member of his / her family anywhere in the country are eligible to purchase/construct or rent a house under PMAY-U 2.0. How to check eligibility for PMAY 2.0? Step 1: Visit Step 2: Click 'Apply for PMAY-U 2.0' on the homepage. Step: Review guidelines and click 'Click to Proceed.' Step 4:Ensure all required documents are ready (listed below). Step 5:Fill out the eligibility form and click 'Eligibility Check.' Step 6: Enter Aadhaar Details: Provide and verify your Aadhaar number using OTP. Enter accurate personal and financial details. Upload required documents and enter the captcha code. Submit Application: Click 'Save' to submit and print the form for records. By meeting eligibility criteria, preparing required documents, and applying through the official portal or CSCs, you can claim financial assistance, subsidies, or rental housing benefits. PMAY: Offline application option Visit a Common Service Centre (CSC) or a PMAY-listed bank, pay a nominal fee , and submit the application form with required documents. Documents required for PMAY-U Ensure you have the following documents ready: Aadhaar Details: Applicant's Aadhaar number, name, and date of birth. Family Aadhaar Details: Aadhaar information for family members. Bank Account Details: Active account number, bank name, branch, and IFSC code (Aadhaar-linked). Income Proof: PDF file, up to 100 KB. Land Document (for BLC): PDF file, up to 1 MB.
Time of India
19-05-2025
- Business
- Time of India
Govt extends PMAY-U completion deadline to 31 Dec 2025; know who is eligible and how to claim benefits
The Pradhan Mantri Awas Yojana-Urban ( PMAY-U ), launched by the Ministry of Housing and Urban Affairs (MoHUA) on June 25, 2015, is a cornerstone of India's 'Housing for All' mission. Aimed at providing affordable housing to urban families, the deadline for completing houses sanctioned by March 31, 2022 has been extended. PMAY-U deadline extended The PMAY-U deadline has been extended to December 30, 2025, allowing more time to complete the sanctioned houses, ensuring beneficiaries can claim their housing benefits. Home loan rate 8% or below: 10 banks offering lower interest rate to borrowers; check latest EMI on 30 lakh home loan Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration -:-:- Loaded : 0% 0:00:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - -:-:- 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Never Throw Away the Water After Boiling Eggs - The Reason is Genius! Tips and Tricks Undo What is PMAY-U 2.0? Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) aims to provide central assistance to eligible families/beneficiaries to construct, purchase or rent affordable houses in urban areas. The scheme targets families in the Economically Weaker Section (EWS), Low-Income Group (LIG), and Middle-Income Group (MIG) who do not own a pucca house (all-weather dwelling) anywhere in India. PMAY-U supports urban families in achieving homeownership through four verticals: Live Events Beneficiary Led Construction (BLC): Supports individuals building their own homes. Affordable Housing in Partnership (AHP): Collaborates with public/private sectors for housing projects. Affordable Rental Housing (ARH): Provides rental housing options. Interest Subsidy Scheme (ISS): Offers subsidies on home loan interest. According to the PMAY website, 'In pursuance of Government's vision of facilitating Housing for All, Ministry of Housing and Urban Affairs (MoHUA), Government of India is implementing Pradhan Mantri Awas Yojana- Urban (PMAY-U) – 'Housing for All' Mission since 25.06.2015. The original mission period was up to 31.03.2022 which has been extended till 31.12.2025 for completion of houses sanctioned up to 31.03.2022, without changing funding pattern and implementation methodology of the scheme.' What is the eligibility criteria to seek benefit under the scheme? Families belonging to EWS/LIG/MIG segments, living in urban areas, having no pucca house either in his / her name or in the name of any member of his / her family anywhere in the country are eligible to purchase/construct or rent a house under PMAY-U 2.0. How to check eligibility for PMAY 2.0? Step 1: Visit Step 2: Click 'Apply for PMAY-U 2.0' on the homepage. Step: Review guidelines and click 'Click to Proceed.' Step 4:Ensure all required documents are ready (listed below). Step 5:Fill out the eligibility form and click 'Eligibility Check.' Step 6: Enter Aadhaar Details: Provide and verify your Aadhaar number using OTP. Enter accurate personal and financial details. Upload required documents and enter the captcha code. Submit Application: Click 'Save' to submit and print the form for records. By meeting eligibility criteria, preparing required documents, and applying through the official portal or CSCs, you can claim financial assistance, subsidies, or rental housing benefits. PMAY: Offline application option Visit a Common Service Centre (CSC) or a PMAY-listed bank, pay a nominal fee , and submit the application form with required documents. Documents required for PMAY-U Ensure you have the following documents ready: Aadhaar Details: Applicant's Aadhaar number, name, and date of birth. Family Aadhaar Details: Aadhaar information for family members. Bank Account Details: Active account number, bank name, branch, and IFSC code (Aadhaar-linked). Income Proof: PDF file, up to 100 KB. Land Document (for BLC): PDF file, up to 1 MB.
