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Middle-Class Housing Scheme


Why is it in the news?

  • The Finance Minister recently announced a Middle-class housing scheme, aligned with the ‘Housing for all’ policy, to address the housing needs of the middle class.
  • The scheme was announced as part of the fiscal year 2024-25 budget.

About the Scheme

  • The scheme aims to provide assistance to middle-class individuals residing in various types of accommodations such as rented houses, slums, chawls, and unauthorized colonies.
  • Assistance could include financial support, subsidies, or incentives to enable middle-class individuals to purchase or construct their own homes.
  • Unlike the Pradhan Mantri Awas Yojana (PMAY), which primarily targets the urban and rural poor, this scheme specifically caters to the middle-income group.
  • It is not an extension of PMAY but a standalone initiative under the broader ‘Housing for all’ policy.
  • The scheme introduces new criteria for identifying beneficiaries, including income levels, location preferences, and the type of accommodation required.
  • By defining specific parameters, the government aims to ensure that assistance reaches those who genuinely need it and belong to the middle-income bracket.
Pradhan Mantri Awas Yojana (PMAY)

·       Launched by the Government of India with the aim of providing affordable housing for all by 2022.

·       It is one of the flagship schemes under the ‘Housing for all’ initiative.

·       PMAY has two components: Pradhan Mantri Awas Yojana (Urban) (PMAY-U) and Pradhan Mantri Awas Yojana (Gramin) (PMAY-G).

·       PMAY-U focuses on providing affordable housing solutions for the urban poor, while PMAY-G targets the rural poor.

·       PMAY-U is administered by the Ministry of Housing and Urban Affairs, highlighting its urban focus.

·       PMAY-G is administered by the Ministry of Rural Development, emphasizing its rural-centric approach.


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