How does the implementation of the Pradhan Mantri Awas Yojana Urban 2.0 benefit urban areas in India
Government approves eight new railway line projects and gives approval to PMAY-Urban 2.0.
- PMAY Urban 2.0 aims to provide affordable housing to the urban poor, ensuring access to proper shelter and improving their quality of life.
- It helps in promoting sustainable urban development by focusing on slum redevelopment, affordable housing for all income groups, and creating a conducive living environment.
- By addressing the housing shortage in urban areas, the scheme contributes to reducing homelessness and overcrowding in cities.
- PMAY Urban 2.0 also generates employment opportunities in the construction sector, thus stimulating economic growth in urban areas.
- It fosters inclusive urban growth by ensuring that marginalized communities have access to decent housing and basic amenities.
Answered
9 months ago