Pradhan Mantri Awas Yojana- Urban (PMAY U) was launched in the year June 2015 to ensure housing for all in the urban areas. The mission gives focal help to executing offices through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for giving houses to every qualified family/recipient against the approved interest for houses.
The PMAY(U) strategic number of frameworks set up to guarantee transparency and relevancy in Demand Survey, Beneficiary choice, de-duplication, Fund transfer, monitoring and so on. Each State additionally has committed State/City level specialized cells for execution and observing of the mission.
With the extent of overall Pradhan Mantri Awas Yojana (U), a Technology Sub-mission has been set up that will help in facilitating the adoption of innovative, sustainable, disaster strong technologies, and various building materials for a lower-cost giving quality to the construction of houses.
This has given a vast opportunity to the housing and construction material suppliers to manufacture more of the construction and building items. Even buyers who take projects like constructing smart cities, developing the city infrastructure, etc. gets the opportunity to source vendors from various e-procurement platforms to procure the necessary materials.
The Ministry of Housing and Urban Affairs (MoHUA) has launched the Global Housing Technology Challenge (GHTC- India) to seek the best available cutting-edge construction technologies from across the globe via unique challenging processes.
The government is also additionally encouraging the startup companies to give significant arrangements and administrations for the construction as well as infrastructure segments.
