Explanation:

Pradhan Mantri Awas Yojana - Housing for All (Urban)

• To facilitate housing for all by 2022.
• The Mission targets urban poor, living in slums and others.

 It envisages Government interventions for different segments of urban poor as follows:

• In-situ Slum redevelopment: Redevelopment of slums with participation of private developers using land as a resource – slum rehabilitation grant of 1 lakh per house on an average for alleligible slum dwellers in all such projects.
• Affordable housing through credit linked subsidy: The interest rate subvention at 6.5% for bothEWS/LIG categories so that interest payable at present is less than 4%. If interest rate varies, eventhen interest subvention would remain at 6.5% and interest payable after subvention would vary,the subsidy payout on NPV basis would be about 2.3 lakh per house for both EWS and LIG.
• Affordable housing in partnership with public and private sectors: Central assistance at 1.5lakh per EWS house in projects where 35% of the houses are mandatorily for EWS category.

Subsidy for beneficiary-led individual house construction or enhancement: 1.5 lakh per housefor EWS category in slums or otherwise if states/cities make a project. Houses of up to 30 sq.m.carpet area are to be provided with basic civic infrastructure, i.e., water, sanitation, sewerage,road, power, telephone line, etc., and social infrastructure such as community centre, parks andplaygrounds, livelihood centre, etc.