News

MoHUA and NHB Host National Workshop on PMAY-U 2.0; Launch Unified Web Portal & Sign MoUs with 147 Lending Institutions.

National | Dated: 22 Nov 2024

On 14th November 2024, the Ministry of Housing and Urban Affairs (MoHUA) in partnership with National Housing Bank (NHB) organised a national workshop on Pradhan Mantri Awas Yojana - Urban 2.0(PMAY-U 2.0) Interest Subsidy Scheme (ISS) vertical in New Delhi(Delhi).

🎯 Key Highlights:

- During the workshop, NHB signed Memorandum of Understanding (MoUs) with 147 different Primary Lending Institutions (PLIs) for implementation of ISS.
- Union Minister Manohar Lal, MoHUA; Sanjay Shukla, Managing Director (MD) of NHB, along with senior officials from MoHUA attended the workshop.
- More than 250 participants from various Banks, Housing Finance Companies (HFCs), PLIs and other financial institutions attended the workshop.

💡 Other Important Facts:

(i) Union Minister highlighted the key features of PMAY-U 2.0 and the ISS vertical. He called upon all the financial institutions to become active partners of providing 'housing to all', a milestone of DEVELOPED INDIA by the year 2047.
(ii) During the workshop, Srinivas Katikithala, Secretary of MOHUA, delivered the inaugural address and shared about the progress of PMAY-U scheme, one of the world's largest affordable housing programmes.
(iii) The MOHUA launched a unified web portal at the PMAY-U 2.0 workshop to streamline the execution of the scheme. This portal simplifies the application process, allows beneficiaries to track their application status, and facilitates faster approval and subsidy release. Accessible to all stakeholders, it will also aid in monitoring and evaluating the progress of the PMAY-U 2.0 scheme.

📚 Test Your Knowledge:

Recently, which ministry organized the National Workshop on PMAY-U 2.0 ISS and signed MoUs between NHB and PLIs for ISS implementation?

Correct Answer: MoHUA

🚀 Quick Recap:

About MoHUA

Cabinet Minister: Manohar Lal Khattar
Headquarters: New Delhi