Government approves construction of over 1.86 lakh more houses under PMAY-Urban

The Union Ministry of Housing and Urban Affairs has approved the construction of 1,86,777 more affordable houses under its flagship Pradhan Mantri Awas Yojana (Urban). The approval was given at the 30th meeting of the Central Sanctioning and Monitoring Committee.

Key Facts

The latest approval takes total number of houses approved under PMAY to over 39.25 lakh. It is entailed investment of Rs 11,169 crore with central assistance of Rs 2,797 crore. Haryana has been sanctioned maximum number of 53,290 houses in this round of approval, followed by Tamil Nadu (40,623 houses), Karnataka (32,656), Gujarat (15,584), Maharashtra (12,123), Kerala (9,461), Uttarakhand (6,226) and Orissa (5,133).

Pradhan Mantri Awas Yojana (Urban)

PMAY(U) provide houses to all poor in urban areas by 2022. It is new version of Prime Minister’s Housing For All by 2022 vision.  Its objective is to construct two crore houses across nation. It covers entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities.
Intended beneficiaries of scheme are Poor people (BPL) and People living under Economically Weaker Sections (EWS) and LIG (Low income Group) categories in urban establishments of country. It also targets people living under MIG (middle income Group). Government will provide subsidy ranging between 1 lakh to 2.30 lakh to people from above categories in order to make them secure.

Month: Current Affairs - February, 2018