Affordable Housing for All: Dive into PM Awas Yojana Urban 2.0
The Pradhan Mantri Awas Yojana Urban 2.0 (PMAY-U 2.0) is a significant initiative launched by the Government of India aimed at providing affordable housing to urban residents, particularly targeting the economically weaker sections of society. This scheme is part of the government's broader goal of ensuring "Housing for All" by 2022 and has been allocated a substantial budget of ₹10 lakh crores for the financial year 2024.
Objectives of PM Awas Yojana Urban 2.0
Affordable Housing: The primary objective is to provide affordable housing to urban poor families, ensuring that every family has access to a safe and secure home.
Reduction of Housing Shortage: The scheme seeks to address the significant housing shortage in urban areas, which has been exacerbated by rapid urbanization.
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