The Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) is not only helping low- and middle-income families secure homes but also acting as a catalyst for enhanced household spending, especially among women, according to a recent report by SBI Research.

Launched on September 1, 2024, PMAY-U 2.0 provides central assistance to urban families in the EWS (Economically Weaker Section), LIG (Low Income Group), and MIG (Middle Income Group) categories, enabling them to purchase or construct a house.

As of August 25, 2025, over 1.2 crore houses have been sanctioned, with 75% of them completed across India. States such as Uttar Pradesh, Andhra Pradesh, and Maharashtra account for a significant portion of the sanctioned homes, though smaller states are also actively participating, indicating bro

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