Schemes for affordable housing before PMAY and what makes PMAY different from others

As a result of the huge population movement following independence, the Government of India (GOI) experienced a massive housing challenge, particularly in urban locations.

As a means of alleviating suffering, they assumed accountability for housing provision, ensuing numerous strategies for various parts of the society in its initial years.

1. National Urban Housing and Habitat Policy [NUHHP] 2007: The primary objective of this Plan is to provide “Affordable Housing For All.” The main aims of this policy are- increasing access to maintained land availability for EWS and LIG. This scheme aims to create powerful alliances among the public, private, and cooperative industries, utilize technology to revitalize and improve power and transportation, cost-effectiveness, profitability, and durability are all important considerations.

2. Jawaharlal Nehru National Urban Renewal Mission (JNNURM) 2005: This one was established to implement reform-driven, designed city advancement in a real project, emphasizing upgrading urban architecture, creating housing stock, and providing essential necessities to the poor people.

3. Rajiv Awas Yojana (RAY), 2011: The Plan, with the slogan “slum-free India,” was initiated for the implementation of all current slum areas, alerted or not, with the growth, advancement, and management of essential necessities to the poor people, including water availability.

4. National Urban Housing Mission (NUHM), 2015: This was introduced as a CSS and aims to close the urban housing unit difference by 2022 via improved private sector involvement and effective state interaction.

Pradhan Mantri Awas Yojana [PMAY]

The Pradhan Mantri Awas Yojana (PMAY) is a collective welfare strategy launched by the Government of India in 2015 to provide affordable homes in large cities. The government hopes to reach its objectives of providing housing for all in large cities by 2022 via this campaign. The programme encourages central assistance through collaborative partnerships that include banks through a credit-linked voucher system.

The main features of PMAY are:

• Recipients will receive financial assistance on their home loan for a period of 15 years.
• Under the Pradhan Mantri Awas Yojana scheme, elderly and physically disabled people will be prioritized in the allocation of lower floors.
• During the building project, environmentally pleasant and viable innovations will be used.

Why is PMAY better than other schemes?

• Its goal is to provide a pucca house with fundamental essentials to all unsheltered families and those who are homeless.
• The lowest household size is 25 square meters (up from 20 square meters) with a sanitary cooking area.
• To be qualified for central assistance, the recipient household must not own a pucca house in his/her name or the name of any person of the household in any portion of India.
• The Pradhan Mantri Awas Yojana provides a loan or interest subsidies on home loans to eligible households.
• In conjunction with the other initiatives, support is available for the development of toilets, channelled water supply, power connections, LPG gas connections, and many more.
• The households built with goal funds should be registered in the name of the female household head.
• The residences under the objective must be planned and built to fulfill structural safety regulations against earthquakes, floods, cyclones, rockfalls, and other natural disasters.
• All residences constructed or enlarged under the project should, at a minimum, have a restroom.

This strategy’s purpose is not restricted to creating accommodation available and convenient to all, regardless of economic reliability, but has also formed numerous employment advantages in the real estate industry.

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