PMAY-U 2.0: Kerala's 30,000 beneficiaries may get Rs 4 lakh housing assistance
Kerala's Cabinet has officially greenlit the second phase of the Pradhan Mantri Awas Yojana-Urban 2.0, paving the way for around 30,000 eligible beneficiaries to gain significant housing aid. The state plans to ink a Memorandum of Understanding with the Central government, which will unlock Rs 450 crore in financial support for this housing initiative. The completion of phase one is projected for…
Kerala has approved the implementation of the second phase of the Pradhan Mantri Awas Yojana-Urban 2.0, which will benefit around 30,000 beneficiaries. The state Cabinet recently approved the scheme, in line with the Centre's eligibility criteria. The state government will enter into an agreement with the Centre, securing Rs 450 crore in Central assistance.
The Centre will contribute Rs 1.50 lakh per beneficiary, while the state will contribute Rs 1 lakh, making the total assistance Rs 4 lakh per beneficiary. Beneficiaries will have to contribute 25% of the project cost. This arrangement differs from the existing PMAY-Urban LIFE scheme, where the state contributes Rs 2 lakh per homeless beneficiary owning land.
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