Kerala to roll out PMAY-U 2.0, offering Rs 4 lakh aid to 30,000 urban households

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Kerala is set to implement the Pradhan Mantri Awas Yojana-Urban 2.0 scheme, targeting approximately 30,000 eligible beneficiaries. Each beneficiary will receive a total housing assistance of Rs 4 lakh, funded through multiple sources. The central government will contribute Rs 1.50 lakh per unit, while the state government will add Rs 1 lakh. The remaining Rs 1.50 lakh will be shared between local municipalities and the beneficiaries themselves. Through this arrangement, Kerala stands to secure Rs 450 crore in central funding for urban housing.

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