Moneycontrol
Jul 14, 2017 06:28 PM IST | Source: Moneycontrol.com

Over 21 lakh affordable houses sanctioned under PMAY

Uttar Pradesh gets the largest share in the pie (70,784) followed by Karnataka (56,281).

Over 21 lakh affordable houses sanctioned under PMAY

Vandana Ramnani

Moneycontrol News

Over 21 lakh affordable houses have been sanctioned under the Prime Mantri Awas Yojana (PMAY) (Urban) so far in the first two years of its launch. Uttar Pradesh has received the largest share in the pie (70,784), followed by Karnataka (56,281).

Secretary (Housing and Urban Affairs) Durga Shanker Mishra had reviewed the progress of affordable housing under credit-linked subsidy scheme (CLSS) this week and directed NHB and HUDCO — the two Central nodal agencies — to prepare action plans to ensure that the mission target is met under CLSS component of PMAY (Urban). He also directed that at least two lakh middle income group (MIG) beneficiaries be identified by December this year, sources said.

During the review, it was informed that out of the total 21 lakh affordable houses sanctioned under PMAY (Urban) so far, 43,166 economical weaker section (EWS) and lower income group (LIG) beneficiaries have been disbursed interest subsidy of Rs 824 crore. Under CLSS, which was made applicable to MIG sections from January 1 this year, 250 beneficiaries were given interest subsidy of over Rs 5 crore.

CLSS for MIG ends by December this year.

The government has extended the credit-linked subsidy scheme (CLSS), a component of PMAY (Urban), to middle income groups with annual income of Rs 12-18 lakh, under which interest subsidy of four percent and three percent on housing loans will be provided.

Uttar Pradesh has received 70,784 more houses for urban poor under PMAY (Urban) and Karnataka has received 56,281 more.

The Ministry of Housing and Urban Poverty Alleviation has approved construction of 70,784 affordable houses for the benefit of urban poor  in Uttar Pradesh under the PMAY (Urban) with an investment of Rs 3,528 crore for which central assistance of Rs 1,062 crore has been approved, sources said.

UP has sent affordable housing proposals for 145 cities and the same have been approved. Earlier, Uttar Pradesh has been sanctioned 41,954 houses including those approved under Rajiv Awas Yojana, which has been now subsumed under PMAY (Urban). With these latest approvals, the total number of houses sanctioned for Uttar Pradesh has increased to 1,12,738, say sources.

Karnataka has been sanctioned 56,281 more affordable houses for 93 cities and towns with an investment of Rs 2,950 crore and Central assistance of Rs 844 crore.

For the first time, Andaman & Nicobar Islands has been sanctioned 609 houses for Port Blair with an investment of Rs 54 crore and central assistance of Rs 9 crore.

vandana.ramnani@nw18.com
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