Correct Option: B

The VAMBAY was launched in December 2001 to ameliorate the conditions of the urban slum dwellers living below the poverty line without adequate shelter.
The scheme has the primary objective of facilitating the construction and up-gradation of dwelling units for slum dwellers and providing a healthy and enabling urban environment through community toilets under Nirmal Bharat Abhiyan, a component of the scheme.
The Central Government provides a subsidy of 50 percent, the balance 50 percent being arranged by the State Government.
There are prescribed ceilings on costs both for dwelling units and community toilets. During 2003-04, Central subsidy to the extent of Rs. 239 crore has been released. Since inception up to May 2004, Rs. 522 crore have been released as Government of India subsidy for the construction/ upgradation of 2,46,035 dwelling units and 29,263 toilet seats under the scheme.