The 'Housing for All by 2022' renamed as PMAY aims construction of about 2 crore houses across the country over the next seven years.
The focus of the flagship programme is to facilitate women including widows, low income group, SC/ST communities and transgenders, among others, to avail the affordable scheme, a senior official of the Housing and Urban Poverty Alleviation Ministry said.
The 'housing for all' initiative will be unveiled by Prime Minister Narendra Modi along with the launch of 'Smart City' and Atal Mission for Rejuvenation and Urban Transformation (AMRUT) projects.
scheme, he said.
Differently-abled persons and older persons will also get preferences in allotment of ground floor houses under the PMAY.
The Cabinet Committee on Economic Affairs had earlier cleared the 'Housing For All' proposal.
The urban housing component of the mission aims to create 2 crore houses by 2022 with a central grant of Rs 1 lakh to Rs 2.30 lakh per house.
The central grant for the urban housing scheme is estimated to be about Rs 3 lakh cr.
The mega launch will also witness unveiling of certain new technologies to be used in the affordable housing scheme.
Government has earmarked Rs 50,000 for launching 500 mission cities under the AMRUT scheme and Rs 48,000 cr for 100 Smart Cities over the next five years.
Modi will issue implementation guidelines for all the three mega projects aiming to herald a new urban era in the country.
Under AMRUT, there will be focus on construction and repairing of storm water drains to ease out water logging in cities and towns.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
