Pradhan Mantri Awas Yojana- Urban was launched by which Union Ministry?

Question

Question

This question was previously asked in

SSC MTS (2022) Official Paper (Held On: 10 May, 2023 Shift 3)

Answer 1

The correct answer is Ministry of Housing and Urban Affairs.

Key Points

Pradhan Mantri Awas Yojana- Urban (PMAY-U) is a flagship housing scheme launched by the Government of India in 2015 to provide affordable housing to the urban poor.
The Ministry of Housing and Urban Affairs is responsible for the implementation of PMAY-U. The ministry was created in 2017 by merging the Ministry of Urban Development and the Ministry of Housing and Urban Poverty Alleviation.
The scheme aims to provide "Housing for All" by 2022, which means constructing 2 crore (20 million) houses for the urban poor. The beneficiaries of the scheme include slum dwellers, low-income groups, and middle-income groups.

Additional Information

PMAY-U has two components: Pradhan Mantri Awas Yojana (Urban) - Credit Linked Subsidy Scheme (CLSS) and Pradhan Mantri Awas Yojana (Urban) - Affordable Housing in Partnership (AHP). The former provides interest subsidy on home loans for the beneficiaries, while the latter involves public-private partnerships for the construction of affordable houses.
The other options in the question are incorrect. The Ministry of Finance is responsible for managing the finances of the government and formulating economic policies. The Ministry of Human Resource Development is responsible for education-related policies and programs. The Ministry of Rural Development is responsible for rural development-related policies and programs.