State government is going to ground-up the the various scheme in Uttar Pradesh and announced Pradhan Mantri Awas Yojana in UP to benefit about 40 lakh people by providing them a house.
PM Awas Yojana has a proposal to provide a housing loan to the enhancement of houses. The government has started PMAY in UP to benefit the belongs to lower middle income group and living in slums by providing them a financial help.
The central government launched Pradhan Mantri Awas Yojanna with the mission to provide housing for all. Under the scheme, the government aimed to bridged up the demand of affordable housing across the nation.
The central government will provide a budgetary allocation to the state for the construction of these 40 lakh houses. The poor people from EWS category will be provided a central assistance of Rs. 1.5 lakh, besides the state government will give a financial assistance of Rs. 1.0 lakh.
Apart from this, the PMAY has also provision to provide a housing loan for the people whose annual income is upto Rs. 6.0 lakh and the central government will provide a little exemption on the interest rates of housing loan under the PMAY.
All the local development bodies has been instructed for the implementation of PMAY in UP.