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India


Cabinet approves extension of urban housing scheme

Cabinet approves extension of urban housing scheme

New Delhi, August 10 (UNI) The Union Cabinet on Wednesday approved continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U) - 'Housing for All' Mission up to December 31, 2024.
Housing for All is one of the major flagship programmes being implemented by government to provide all weather pucca houses to all eligible beneficiaries in the urban areas of the country.
During the period of 2004-2014, 8.04 lakh houses were completed under Urban Housing Scheme.
Central assistance approved since 2015 is Rs. 2.03 lakh crore against Rs. 20,000 crore in 2004-2014, a government release said.
Upto 31st March 2022, Central Assistance/subsidy of ₹1,18,020.46 crore has already been released and ₹85,406 crore will be released as central assistance till 31st December 2024, the release said further.
In 2017, the original projected demand was 100 lakh houses. Against this demand, 102 lakh houses have been grounded/under construction, a Cabinet release said.
Out of these, 62 lakh houses have been completed.
Out of the total sanctioned 123 lakh houses, the proposals of 40 lakh houses were received late (during last 2 years of scheme) from the States which require another two years to complete them.
Therefore, based on the requests from the States/UTs, Union Cabinet decided to extend the implementation period of PMAY-U till 31.12.2024, the Cabinet release added.
UNI ASU RKM

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