Union Cupboard approves extension of PMAY-City until Dec 2024

The Union Cupboard on Wednesday licensed continuation of Pradhan Mantri Awas Yojana (City) until December, 2024, a commentary said.

Introduced in June, 2015, the unique closing date for the scheme – ‘Housing for All’ Undertaking – aimed toward offering pucca homes to all eligible city beneficiaries was once March 2022.

In line with the federal government, monetary help shall be supplied for the finishing touch of already sanctioned 122.69 lakh homes until March 31, 2022.

According to the request of states and Union territories, the Union Cupboard, chaired by way of High Minister Narendra Modi, made up our minds to increase the implementation length of PMAY-City until December 31, 2024, the commentary said.

Underneath the Modi govt, the problem of offering homes to all eligible city dwellers in saturation mode was once introduced into center of attention and the scheme of PMAY-City was once conceptualised, it mentioned.

In 2017, the unique projected call for was once 100 lakh homes. By contrast call for, 102 lakh homes had been grounded/beneath building, the commentary mentioned.

“Additional, out of those, 62 lakh homes had been finished. Out of the overall sanctioned 123 lakh homes, the proposals of 40 lakh homes had been gained overdue (all the way through closing 2 years of scheme) from the states/UTs, which require some other two years to finish them,” the federal government mentioned within the commentary.

Due to this fact, according to the requests from the states and UTs, Union Cupboard made up our minds to increase the implementation length of PMAY-U until December 31, 2024, the commentary added.

Central help licensed since 2015 is Rs 2.03 lakh crore in opposition to Rs 20,000 crore in 2004-2014, it mentioned, including that as much as March 31, 2022, central help/subsidy of Rs 1,18,020.46 crore has already been launched and Rs 85,406 crore shall be launched until December 31, 2024.

The continuation of the scheme as much as December 31, 2024 will assist in finishing touch of already sanctioned homes beneath BLC, AHP and ISSR verticals.

The scheme is being carried out thru 4 verticals: Beneficiary Led Development/Enhancement (BLC), Reasonably priced Housing in Partnership (AHP), In-situ Slum Redevelopment (ISSR) and Credit score Related Subsidy Scheme (CLSS).

The commentary mentioned that whilst the Central govt supplies monetary help, state and UTs put in force the scheme, together with number of beneficiaries.

Leave a Comment