Affordable Rental Housing Scheme Under PMAY-U 2.0: Eligibility, Rent, Benefits and Accommodation Types

The Affordable Rental Housing (ARH) scheme, introduced under Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, aims to provide affordable rental accommodation to eligible urban households instead of promoting home ownership. The scheme is designed for people who frequently relocate for work and require affordable housing on rent. 

Unlike the other three verticals of PMAY-U 2.0, which focus on purchasing or constructing homes, the ARH scheme offers rental accommodation. However, beneficiaries are required to pay rent, which is determined through a local survey to reflect affordable market rates. 

Who Is Eligible for the Affordable Rental Housing Scheme? 

The scheme primarily targets Economically Weaker Section (EWS) and Low-Income Group (LIG) households residing in urban areas. Eligible beneficiaries include: 

Applicants must also meet the following conditions: 

Types of Accommodation Available 

The scheme offers three types of rental accommodation: 

As per the guidelines: 

How Is the Scheme Implemented? 

The Affordable Rental Housing scheme is implemented through two models: 

Model 1: State Governments and Urban Local Bodies (ULBs) identify vacant government-funded houses under existing Central or State housing schemes. These houses are repaired, equipped with essential civic infrastructure, and then rented out. The projects may be managed directly by government agencies or through concessionaires selected under the Public-Private Partnership (PPP) model. 

Model 2: Private developers, industries, hospitals, educational institutions and other public or private entities can construct, operate and maintain rental housing projects. These accommodations may be provided to their own employees, workers from nearby industries, or other eligible beneficiaries. Organisations may also collaborate for land acquisition, project funding, and operations. 

Conclusion 

The Affordable Rental Housing scheme under PMAY-U 2.0 aims to improve access to affordable rental accommodation for urban migrant workers and low-income households. Instead of promoting home ownership, it focuses on providing rental housing through government and private sector participation while ensuring affordability for eligible beneficiaries. 

Read stock market news in Hindi. Head to Angel One's share market news in Hindi for comprehensive coverage.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.