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Which of the following Civic body has been declared best performing Municipal Corporation in India under PM Awas Yojna in December 2020?
Question

Which of the following Civic body has been declared best performing Municipal Corporation in India under PM Awas Yojna in December 2020?

A.

Chennai

B.

Hyderabad

C.

Vishakhapatnam

D.

Indore

Correct option is C

The correct answer is (c) Vishakhapatnam.
· Greater Visakhapatnam Municipal Corporation (GVMC) was declared the best performing Municipal Corporation in India under the Pradhan MantriAwasYojana (PMAY) in December 2020.
· GVMC was recognized for its effective implementation of the PMAY scheme, focusing on providing affordable housing to the urban poor and ensuring quality and timely construction of houses.
· This recognition highlighted GVMC's commitment to urban development and housing initiatives.
Key point of PM AwasYojna:
· Launched on: The Pradhan MantriAwasYojana (PMAY) was launched on 25th June 2015 By PM. Modi.
· Objective: The scheme aims to provide affordable housing to the urban and rural poor by 2022, the year coinciding with the 75th year of Independence.
· Components: PMAY has two components – PMAY (Urban) and PMAY (Gramin), each targeting the urban and rural population respectively.
· Subsidy: Under the Credit Linked Subsidy Scheme (CLSS), beneficiaries are eligible for interest subsidy on home loans.
· Target: The goal is to construct around 20 million affordable houses.

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