What is the eligibility criteria of annual income for EWS households’ families under Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. up to ₹3 lakh.
- Eligibility criteria for EWS families under Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 is annual income up to Rs 3 lakh.
- PMAY-U is a major initiative by the Government of India, aimed at providing all-weather pucca houses to eligible beneficiaries in urban areas.
- So far, the scheme has sanctioned over 1.18 crore houses, with more than 85.5 lakh already constructed and handed over to the intended recipients.
- On 10th June 2024, the Union Cabinet approved additional support for the construction of 3 crore rural and urban homes, responding to the rising demand and growing number of eligible families.
- In line with the Prime Minister's vision, PMAY-U 2.0 has been launched to address urban housing needs more comprehensively.
- The second phase involves an investment of ₹10 lakh crore, with a target of building 1 crore new houses, aiming to improve living standards for millions.
- The scheme is targeted at families in the EWS, LIG, and MIG income groups:
- EWS (Economically Weaker Section): Annual household income up to ₹3 lakh
- LIG (Lower Income Group): Annual income between ₹3 lakh and ₹6 lakh
- MIG (Middle Income Group): Annual income between ₹6 lakh and ₹9 lakh