Context:
The Government of India has extended the completion deadline for Pradhan Mantri Awas Yojana–Urban (PMAY-U) to December 31, 2025, for housing projects sanctioned up to March 31, 2022. This move gives thousands of urban beneficiaries additional time to complete their affordable housing units under the flagship “Housing for All” scheme.
What is PMAY-Urban?
Launched in June 2015 by the Ministry of Housing and Urban Affairs (MoHUA), PMAY-U aims to provide affordable housing to urban families, especially those in:
- Economically Weaker Section (EWS)
- Low-Income Group (LIG)
- Middle-Income Group (MIG)
What’s New Under PMAY-U 2.0?
The second phase of the scheme maintains the original funding structure but emphasizes completion and accessibility through four verticals:
- Beneficiary-Led Construction (BLC) – For families constructing homes on their own land
- Affordable Housing in Partnership (AHP) – Collaborative housing with public/private developers
- Affordable Rental Housing (ARH) – Rental units for migrant workers and urban poor
- Interest Subsidy Scheme (ISS) – Subsidy on home loan interest to reduce EMIs
Eligibility Criteria for PMAY-U
To avail benefits under PMAY-U, an applicant must:
- Belong to EWS, LIG, or MIG category
- Be a resident of an urban area
- Not own a pucca house anywhere in India (in their or family’s name)
Offline Application Process
Applicants can apply through:
- Common Service Centres (CSCs)
- Listed partner banks under PMAY-U
Note: A nominal service fee is applicable for assistance with form filling and document uploads.
Key Benefits of PMAY-U Extension
- More time to complete sanctioned housing units
- Continued eligibility for interest subsidy on home loans
- Access to affordable rental housing options
- Streamlined online and offline application processes
