PMAY-U 2.0 in Kerala: Who gets Rs 4 lakh housing assistance and how it is funded

Kerala will implement the Pradhan Mantri Awas Yojana-Urban 2.0 scheme soon. Approximately thirty thousand eligible beneficiaries will receive housing assistance under this new phase. The Centre will provide Rs 1.50 lakh, and the state government Rs 1 lakh per house. Municipalities and beneficiaries will contribute the remaining Rs 1.50 lakh for each home. This move ensures Kerala secures Rs 450 crore in central government assistance.

By TOI REAL ESTATE DESK