13 June 2018

Govt Approves 33% Increase In Carpet Area Of Houses Under PMAY-U

Govt Approves 33% Increase In Carpet Area Of Houses Under PMAY-U


The government has approved a 33% increase in carpet area of houses eligible for interest subsidy under its affordable housing scheme Pradhan Mantri Awas Yojana-Urban (PMAY-U) to attract more beneficiaries.

The carpet area of a house has been enhanced to 160 sq m from 120 sq m for Middle Income Group-I (MIG-I), while it has been increased to 200 sq m from 150 sq m in case of MIG-II. Under the Credit Linked Subsidy Scheme (CLSS), each beneficiary can avail subsidy up to Rs 2.35 lakh on purchase of a house under the scheme.

Source- DD News

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • The Pradhan Mantri Awas Yojana- Housing For All (Urban) will be implemented during 2015-2022 and will provide central assistance to Urban Local Bodies (ULBs).
  • Hardeep Singh Puri is the Minister of State (I/C) of the Ministry of Housing and Urban Affairs.

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