New Delhi, Aug 15 (PTI) Prime Minister Narendra Modi on Tuesday said the government will soon launch a scheme to provide relief in bank loans to those dreaming of their own house in cities.

Addressing the nation on the 77th Independence Day, Modi said his government will soon launch the scheme for middle-class families living in cities but do not own a house.

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The prime minister launched the Pradhan Mantri Awas Yojana – Urban (PMAY-U) -- a flagship Mission of the Central government -- on June 25, 2015.

The Housing and Urban Affairs Ministry has been implementing the PMAY-U scheme.

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According to the ministry, around 1.18 crore houses have been sanctioned under PMAY (Urban) till July 31 this year, out of which 76.02 lakh have been delivered to the beneficiaries.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)