CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Union Cabinet (in August 2022) approved to continue Pradhan Mantri Awas Yojana (Urban) till which year?
A
2024
B
2027
C
2023
D
2030
Explanation: 

Detailed explanation-1: -PMAY Urban As against the prior deadline of March 31, 2022, the urban scheme has now been extended till December 31, 2024, because only 61.77 lakh houses have been completed so far, as against the total of 12.26 million houses sanctioned under the scheme.

Detailed explanation-2: -The continuation of the scheme based on the request of States/Union Territories up to December 31, 2024, will help in the completion of already sanctioned houses under BLC, AHP & ISSR verticals.

Detailed explanation-3: -When to apply for PMAY? The PMAY scheme is being implemented in three phases, with the first two phases having ended. Currently, the last phase is on; it began on April 1, 2019, and will end on March 31, 2022.

Detailed explanation-4: -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 March 2022.

There is 1 question to complete.