ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Housing for all: About 3.36 crore houses delivered under PM Awas Yojana so far

Launched on June 25, 2015, PM Awas Yojana will end after extensions on March 31, 2024. The interim Budget of the central government for 2024- 25 tabled on February 1, 2024, by Finance Minister Nirmala Sitharaman announced 2 crore additional houses in rural areas over the next five years.

ANI Mar 23, 2024 13:56 IST googleads

Light House Project Lucknow under PMAY Urban (File Photo/X PMAYUrban)

New Delhi [India], March 23 (ANI): About 3.36 crore houses were built and handed over to beneficiaries, rural and urban combined, so far under the central government's flagship housing for all scheme, the Pradhan Mantri Awas Yojana (PM-Awas).
According to official data available for until March 18, 2.55 crore housing units came up in rural areas and 81.55 lakhs in urban areas under the scheme.
Launched on June 25, 2015, PM Awas Yojana will end after extensions on March 31, 2024. The interim Budget of the central government for 2024- 25 tabled on February 1, 2024, by Finance Minister Nirmala Sitharaman announced 2 crore additional houses in rural areas over the next five years.
"Two crore more houses will be taken up in the next five years to meet the requirement arising from increase in the number of families," Sitharaman had said, tabling the interim Budget for 2024-25.
Details of the new scheme is likely to come in the final budget of the new government.
The total allocation to the Housing and Urban Affairs Ministry for 2024-25 is Rs 77,523 crore, up from Rs 76,431 crore in 2023-24. The total allocation for PMAY is Rs 80,671 crore out of which Rs 54,500 crore is earmarked for PMAY (Rural).
The PM Awas Yojana has four components: In-situ slum redevelopment - where the land is used as resource and with help of private sectors, formal urban establishments are provided to slum dwellers. Central assistance of Rs 1 lakh per house is admissible for all houses built under this.
The States/UTs decide on an upper ceiling on the sale price of economically weaker section houses with the objective of making them affordable and accessible to the intended beneficiaries.
Affordable housing in partnership - Central assistance of Rs 1.5 lakh per EWS house is provided by the government. The States/UTs to decide on an upper ceiling on the sale price of EWS houses with the objective of making them affordable and accessible to the intended beneficiaries.
Beneficiary-led construction scheme: Central assistance up to Rs 1.5 lakh per EWS house is provided to eligible families belonging to EWS categories for individual house construction or enhancement.
Unlike previous housing schemes, the money under this scheme is directly transferred to the bank accounts of the beneficiaries.
The houses under the scheme has all basic amenities like toilet, water supply, electricity and kitchen. This scheme by the center is particularly targeted at offering sustainable and affordable housing for the poor and low-income groups.
Under housing for all scheme, central government intends to provide pucca houses to all its citizens. The scheme also aims at women empowerment by mandating a woman to be either owner or co- owner of the house provided under the scheme. (ANI)

Get the App

What to Read Next

Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

"No shortage of petrol, diesel, kerosene, ATF or fuel oil"

"India has sufficient gas production and supply arrangements to sustain this position even in the event of a prolonged conflict. Power generation for every household and for industry is fully protected," Hardeep Singh Puri said. Opposition members sloganeered and protested against Puri's remarks.

Read More
Business

PM Narendra Modi To Headline NXT Summit 2026 Today

PM Narendra Modi To Headline NXT Summit 2026 Today

New Delhi [India], March 12: Prime Minister Narendra Modi will headline the NXT Summit 2026 in New Delhi today, March 12. PM Modi will inaugurate the Bharat Progress Report and deliver the chief guest's address at the three-day global leadership forum.

Read More
Business

Gold Winner Expands Legacy with Launch of New Edible Oil Range

Gold Winner Expands Legacy with Launch of New Edible Oil Range

Chennai (Tamil Nadu) [India], March 12: Gold Winner, one of South India's most trusted edible oil brands, is expanding its legacy of quality and reliability with the launch of four traditional oils -- Gold Winner Groundnut Oil, Gold Winner Gingelly Oil, Gold Winner Coconut Oil, and Gold Winner Rice Bran Oil. With this expansion, the brand aims to position itself as the single trusted name for all cooking oil needs in Indian households.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.