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      Question

      The Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U

      2.0) was launched to address the urban housing shortage. Evaluate the following statements: I. PMAY-U 2.0 has an overall investment of Rs. 10 lakh crore and targets the construction of one crore houses for urban poor and middle-class families over five years. II. The scheme operates through four verticals: Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Interest Subsidy Scheme (ISS), and Affordable Rental Housing (ARH). III. Under PMAY-U 2.0, the Interest Subsidy Scheme (ISS) provides an interest subsidy of 4% on home loans of up to Rs. 9 lakh for EWS and LIG beneficiaries. IV. PMAY-U 2.0 specifically identifies Special Focus Groups, which include Safai Karamcharis, persons with disabilities, street vendors, and residents of notified slums. Which of the above statements are correct?
      A I, II and III only Correct Answer Incorrect Answer
      B I and III only Correct Answer Incorrect Answer
      C II and IV only Correct Answer Incorrect Answer
      D I, II and IV only Correct Answer Incorrect Answer
      E I, II, III and IV Correct Answer Incorrect Answer

      Solution

      Statement I is correct PMAY-U 2.0 has a total investment of Rs. 10 lakh crore targeting one crore housing units for EWS, LIG, and middle-income groups over five years. Statement II is correct the scheme functions through four delivery verticals: BLC, AHP, ISS, and ARH. Statement III is incorrect the ISS component under PMAY-U 2.0 provides a 4% interest subsidy but on home loans up to Rs. 25 lakh (not Rs. 9 lakh), with the loan amount ceiling revised upward from the earlier CLSS under PMAY-U 1.0. Statement IV is correct Special Focus Groups under PMAY-U 2.0 include Safai Karamcharis, persons with disabilities, street vendors, slum residents, transgenders, and minorities.

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