Question
Which of the following statements is/are incorrect?
1. PMAY-U 2.0 was approved by the Union Cabinet on 9 August 2024. 2. The scheme aims to build one crore houses over ten years. 3. Beneficiaries taking loans up to Rs 25 lakh are eligible for a 4% interest subsidy on the first Rs 8 lakh for 12 years. 4. The funding ratio between the central and state governments is 70:30.Solution
• Statement 1: Correct. The scheme was approved on 9 August 2024. • Statement 2: Incorrect. It aims to build one crore houses over five years, not ten. • Statement 3: Correct. Beneficiaries get a 4% interest subsidy on loans up to Rs 25 lakh for 12 years. • Statement 4: Incorrect. The funding ratio between the central and state governments is 60:40, not 70:30.
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