| Project Detail |
The Project aims to support providing government assistance for provisioning of all-weather houses with access to toilet, water supply, electricity, cooking gas, and other civic amenities to eligible beneficiary families in urban areas. By providing housing with access to civic amenities, the Project will improve living conditions and quality of life of the urban poor. Project Description The proposed Project will be a sovereign Sustainable Development Loan (SDL) of USD 1,500 million (Tranche 1 of USD 500 million) to support Government of India’s Pradhan Mantri Awas Yojana (Urban) (PMAY-U) scheme. Activities to be financed by the Project are: (i) Beneficiary-led Individual House Construction or Enhancement (BLC): Direct central assistance of INR 1,50,000 is provided to families belonging to economically weaker section (EWS) households (having annual income of up to INR 300,000) to either construct a new house or enhance the existing house on their own. (ii) Credit-Linked Subsidy Scheme (CLSS): Interest subsidy is provided to EWS, low-income group and middle-income group households on loans availed for construction of new homes or renovation of existing homes. |
