How much financial assistance has the government allocated for the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0?

The correct answer is Rs 2.30 Lakh Crores.

In News

• The Government of India has approved Rs 2.30 Lakh Crores for PMAY-U 2.0, aimed at providing affordable housing to urban poor.

Key Points

• The Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 was launched to enhance affordable housing in urban areas.
• The government has committed a substantial financial aid of Rs 2.30 Lakh Crores to meet housing needs.
• PMAY-U aims to construct 20 million affordable houses in urban areas by 2022 under this initiative.
• The funding is part of India's effort to make housing accessible to all by providing financial support to construction of homes for the poor.

Additional Information

• Affordable Housing in India
  • The PMAY-U scheme is part of the larger affordable housing movement in India.
  • It aims to provide permanent shelters to millions living in urban slums and low-income housing areas.
• Housing for All by 2022
  • This goal was set by the government as part of the larger vision of transforming urban India.
  • The scheme is designed to deliver basic amenities like water and electricity along with homes.
• Government Schemes for Housing
  • PMAY-U is part of the broader Housing for All initiative.
  • Other government schemes provide financial incentives for constructing homes.