Under the leadership of Prime Minister Narendra Modi, the Indian government has announced the second phase of the Pradhan Mantri Awas Yojana (PMAY 2.0). With a goal of providing financial support for housing to economically weaker sections and middle-class families in urban areas, this initiative will see the construction of 1 lakh new homes with a financial subsidy of Rs 2.30 lakh for each beneficiary. Eligible individuals can now apply for the scheme through the online portal and track their application status. This move is expected to address the rising housing needs in urban India and provide affordable homes to those in need.
The first meeting of the Union Cabinet under PM Modi's leadership approved the construction of three crore houses for eligible rural and urban households, in order to address the increase in demand for housing. This decision highlights the government's commitment to inclusive growth and social welfare, and will provide basic amenities to the new houses such as toilets, electricity and tap connections. This expansion of PMAY is a significant step towards ensuring a better quality of life for citizens and promoting ease of living across the nation. Join our WhatsApp group for more updates on this new development.