The Pradhan Mantri Awas Yojana (PMAY) is a centrally sponsored initiative designed to ensure affordable housing for all citizens by 2022. This scheme emphasizes the rehabilitation of slum dwellers, promotes affordable housing solutions, and provides subsidies for beneficiary-led construction.
The PMAY scheme has several key objectives that aim to improve housing accessibility:
Despite its ambitious goals, the vision of Housing For All (HfA) has not yet been realized. Reports indicate that the urban housing shortage escalated by 54% from 2012 to 2018. Currently, the PMAY scheme has addressed only 25.15% of the existing housing deficit.
The ISSR vertical, which is intended to cater to the most significant demand, has underperformed, with only 210,552 houses sanctioned for eligible beneficiaries.
The private sector is anticipated to play a crucial role in filling the funding gap for social housing. However, its involvement has been limited, and the success of PMAY has been undermined by challenges such as land acquisition and insufficient community engagement.
The central government contributes approximately 25% of the total investment, amounting to ₹2.03 lakh crore. In contrast, beneficiary households provide the majority of funding (60% or ₹4.95 lakh crore), and state governments, along with Urban Local Bodies, contribute ₹1.33 lakh crore.
The PMAY scheme confronts several challenges, including:
Estimates suggest that around 2.4 crore households may remain without adequate housing even if the remaining sanctioned houses are constructed by the end of 2024.
Q1. What is the main goal of PMAY?
Answer: The primary goal of PMAY is to provide affordable housing for all citizens by 2022, focusing on slum rehabilitation and promoting affordable housing initiatives.
Q2. How does the PMAY support low-income families?
Answer: PMAY supports low-income families through Credit Linked Subsidy Schemes (CLSS) and offers subsidies for constructing homes, making housing more accessible.
Q3. What challenges does PMAY face in implementation?
Answer: PMAY faces challenges such as land acquisition issues, limited participation from the private sector, and the need for greater community involvement in housing projects.
Q4. How much of the funding for PMAY comes from beneficiaries?
Answer: Beneficiary households account for about 60% of the funding for PMAY, which is crucial for the overall investment in housing projects.
Q5. What is the status of housing shortages in urban areas?
Answer: Urban housing shortages have increased significantly, with estimates suggesting that around 2.4 crore households may still lack adequate housing by 2024.
Question 1: What is the primary objective of the Pradhan Mantri Awas Yojana?
A) To provide affordable housing
B) To promote private housing only
C) To eliminate slums
D) To increase urban population
Correct Answer: A
Question 2: How much does the Centre contribute to PMAY's funding?
A) 50%
B) 25%
C) 60%
D) 10%
Correct Answer: B
Question 3: Which scheme is associated with the PMAY for low-income families?
A) Housing For All
B) Credit Linked Subsidy Scheme
C) Urban Development Fund
D) Affordable Housing Initiative
Correct Answer: B
Question 4: What percentage of housing deficit has PMAY addressed?
A) 10%
B) 25.15%
C) 50%
D) 75%
Correct Answer: B
Question 5: What is a significant challenge for PMAY?
A) Community involvement
B) Excess funding
C) High construction quality
D) No demand for housing
Correct Answer: A
Kutos : AI Assistant!
