There have been more than 50 lakh new houses built in India over the past five years. PMAY-U (Pradhan Mantri Awas Yojana), one of the many initiatives from the Ministry of Housing and Urban Affairs, India, made this possible. Read on to learn more about this Ministry.
What is MoHUA?
The Ministry was initially known as Ministry of Works, Housing and Supply when it was established on the 13th May of 1952. It is an Indian government body that formulates housing and urban development policies and supports programs and sponsors.
The key programs of the Ministry of Housing Affairs include:
Among the country’s urban poor communities, the MoHUA strives to reduce poverty. This is achieved through the Deen Dayal Upadhyaya Antyodaya Yojana-National Urban Livelihood Mission (DAY-NULM). The goal of this scheme is to encourage urban poor institutions to form at the grassroots level, and to create employment opportunities through skill-development programmes.
Furthermore, the Ministry aims to provide essential services to neglected households and to build facilities for cities that are disadvantaged. In order to create water supply, sewage, and stormwater drainage systems, along with transportation infrastructure and green spaces, the AMRUT programme (Atal Mission for Rejuvenation and Urban Transformation) has been created.
Urban Transport Wing
Metro rail projects and urban transportation projects are coordinated and approved by the Urban Transport Wing of the Ministry of Housing and Urban Affairs. It also encourages the use of new-age financing mechanisms in the transportation industry.
NERUDP (North Eastern Region Urban Development Programme) promotes the development of urban services in the capitals of five North Eastern states: Tripura, Mizoram, Sikkim, and Nagaland.
PMAY-U, India’s flagship housing project, offers reduced or subsidized home loan rates. The objective of this initiative, launched by the Ministry of Housing and Urban Affairs, is to provide affordable housing for all by 2022.
Kishan Thakkar is working as a writer for the real estate and architecture industry. His experience includes working for various reputed firms. He is currently pursuing MBA in Business Management and handling operations for The Real Talks platform. He has a penchant for research, analysis, and understanding various fields. Discipline is the key to balance his diversified interest and work routine.