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HomeNewsBusinessReal Estate72.56 lakh houses completed or delivered under PMAY-U, MoS Pankaj Chaudhary tells LS

72.56 lakh houses completed or delivered under PMAY-U, MoS Pankaj Chaudhary tells LS

In response to a question, the minister said that under PMAY-G, a total of 2.21 crore houses have been constructed in the country

March 27, 2023 / 21:35 IST
Launched in June 2015, PMAY aims to provide pucca houses with basic amenities to all eligible urban beneficiaries.

Launched in June 2015, PMAY aims to provide pucca houses with basic amenities to all eligible urban beneficiaries.

Under the government’s flagship Pradhan Mantri Awaas Yojana – Urban, a total of 1.20 crore houses, involving central assistance of Rs 2.02 lakh crore, have been sanctioned. As on March 13, 2023, central assistance of Rs 1.42 lakh crore has been released for construction of sanctioned houses, of which 72.56 lakh are either completed or delivered. The programme has been extended till December 31, 2024, the government informed the Lok Sabha on March 27.

In response to a question, Minister of State for Finance, Pankaj Chaudhary, said that Pradhan Mantri Awas Yojana (PMAY) has two components –  Pradhan Mantri Awas Yojana - Gramin (PMAY-G) and Pradhan Mantri Awas Yojana - Urban (PMAY-U).

As per information provided by the Department of Rural Development (DoRD), Ministry of Rural Development, in order to achieve the target of ‘Housing for All’ in rural areas, the DoRD has been implementing PMAY-G with effect from April 1, 2016. It provides assistance to eligible rural households. The overall target is to construct 2.95 crore pucca houses with basic amenities by March 31, 2024, he said in a response.

Against the overall target of 2.95 crore houses, 2.94 crore houses have already been allocated to various States/UTs by the Ministry. Out of this, 2.86 crore houses have been sanctioned by the States/UTs to beneficiaries, and construction of 2.21 crore houses completed as on March 22, 2023, he said.

As per information provided by the Ministry of Housing and Urban Affairs (MoHUA), the Ministry has been implementing PMAY-U since June 25, 2015 to provide all-weather pucca houses with basic amenities to all eligible urban beneficiaries across the country. PMAY-U is a demand-driven scheme, and so far, against the initial validated demand of 1.12 crore houses, a total of 1.20 crore houses involving central assistance of Rs 2.02 lakh crore has been sanctioned, he said in a response.

As on March 13, 2023, central assistance of Rs 1.42 lakh crore has been released for construction of sanctioned houses, of which 72.56 lakh houses are completed/delivered. The programme has been extended till December 31, 2024, he said in a response.

Union Finance Minister Nirmala Sitharaman, on February 1, had announced a 66 percent increase in the outlay for PMAY to ₹79,000 crore.

Launched in June 2015, PMAY aims to provide pucca houses with basic amenities to all eligible urban beneficiaries.

It also seeks to resolve the urban housing shortage among low- and middle-income groups and promote homeownership among women.

The programme has been extended to December 31, 2024, to complete the houses sanctioned till March 31, 2022.

Moneycontrol News
first published: Mar 27, 2023 09:34 pm

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