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Cabinet Approves Expansion of PM Awas Yojana Urban 2.0.

Government Schemes | Dated: 14 Mar 2026

The Union Cabinet approved the second phase of the Pradhan Mantri Awas Yojana Urban (PMAY-U 2.0). The expanded scheme is allocated a massive budget of Rs 1.5 lakh crore to construct two crore additional affordable houses for the urban poor over five years.

🎯 Key Highlights:

  • The scheme offers interest subvention on home loans for EWS and LIG categories.
  • The Ministry of Housing and Urban Affairs implements the project.
  • It incorporates green building technologies to ensure sustainable housing.

💡 Other Important Facts:

  • Scheme: PMAY Urban 2.0.
  • Target: 2 Crore Houses.
  • Budget: Rs 1.5 Lakh Crore.

📚 Test Your Knowledge:

The Union Cabinet recently approved the second phase of the PM Awas Yojana Urban. How many additional houses are targeted for construction?

Correct Answer: Two Crore

🚀 Quick Recap:

About PMAY Urban

  • Launch Year - 2015
  • Ministry - Housing and Urban Affairs