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In Rudrapur, as part of the Pradhan Mantri Awas Yojana (Urban), the District Development Authority (DDA) is set to employ Mivan shuttering technology to construct earthquake-resistant houses for the underprivileged. The initiative will be implemented in Udham Singh Nagar, where 1,872 cost-effective flat houses are slated for construction in Bagwala village. The ambitious project, spanning 15 acres and costing Rs 130 crore, requires applicants to pay a fee of Rs 5,000.
Notably, this marks the inaugural use of Mivan technology in government schemes for housing construction. Departing from conventional brick methods, Mivan shuttering technology utilizes lightweight aluminum formworks to simultaneously cast walls and slabs, providing superior strength and durability.
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This system is much faster than traditional beam, column and brick construction. Plus, this technology prevents dampness issues and enhances earthquake resistance.
The flat houses will be constructed under the PMAY (U), where beneficiaries can receive a flat with a room, living room, toilet, bathroom, kitchen and verandah by paying Rs 3.5 lakh. Furthermore, the government provides subsidies worth Rs 1.5 lakh and Rs 1 lakh.
Also Read: PMAY Gramin List 2023-24: Pradhan Mantri Awas Yojana Gramin Beneficiary List
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Ans 1. PMAY was launched in 2015 and will be executed in a phased manner across the country and the project is likely to be completed by 2022. Last date to Apply for PMAY Scheme and avail subsidy on Home Loan is 31st December 2024.
Ans 2. The (PMAY) Pradhan Mantri Awas Yojana(U) is an initiative of the Government of India which aims at providing affordable housing to the urban poor by the year 2024. The scheme was first launched on 25 June 2015. The interest rate for the PMAY scheme starts at 6.50% p.a. and can be availed for a tenure of up to 20 years.
Ans 3. The Pradhan Mantri Awas Yojana Gramin (PMAY-G) has been extended upto the year 2024. The total target of pucca houses has also been revised to 2.95 crore houses.6 days ago
Ans 4. Step 1: Input the total annual household/family income in the online PMAY eligibility calculator. Step 2: Choose the required loan amount. Step 3: Opt for a suitable tenure for your Home Loan for the subsidy computation (Please ensure that your tenure does not exceed a span of 20 years).
Ans 5. In order to claim subsidy under PMAY, your home loan should have been approved on or after January 1, 2017 and the scheme is valid till March 31, 2022 in case of EWS/LIG segments and March 31, 2021 for MIG segments.
Ans 6. Budget 2023: PM Awas Yojana allocation enhanced by 66% to Rs 79,000 crore.1 Feb 2023
Ans 7. How to Check PMAY UCLAP Subsidy Status Generating the application ID. Due diligence being done by PLI. Claim uploaded on the Central Nodal Agency Portal. Approval of subsidy claim. Release of subsidy to PLI.