Union Cupboard approves extension of PMAY-Urban except Dec 2024
Launched in June, 2015, the customary deadline for the plan – ‘Housing for All’ Mission – aimed at offering pucca homes to all eligible urban beneficiaries became March 2022. Essentially based on the authorities, financial assistance will be offered for the completion of already sanctioned 122.69 lakh homes except March 31, 2022.
The Union Cupboard on Wednesday celebrated continuation of Pradhan Mantri Awas Yojana (Urban) except December, 2024, an announcement said.
Launched in June, 2015, the customary deadline for the plan – ‘Housing for All‘ Mission – aimed at offering pucca homes to all eligible urban beneficiaries became March 2022.
Essentially based on the authorities, financial assistance will be offered for the completion of already sanctioned 122.69 lakh homes except March 31, 2022.
Essentially based on the search data from of states and Union territories, the Union Cupboard, chaired by High Minister Narendra Modi, determined to prolong the implementation duration of PMAY-Urban except December 31, 2024, the assertion said.
Under the Modi authorities, the area of offering homes to all eligible urban dwellers in saturation mode became introduced into focal point and the plan of PMAY-Urban became conceptualised, it said.
In 2017, the customary projected place a query to of became 100 lakh homes. By dissimilarity place a query to of, 102 lakh homes maintain been grounded/below constructing, the assertion said.
“Extra, out of these, 62 lakh homes maintain been executed. Out of the complete sanctioned 123 lakh homes, the proposals of 40 lakh homes maintain been purchased slack (right thru last 2 years of plan) from the states/UTs, which require but any other two years to whole them,” the authorities said in the assertion.
Due to the this fact, in maintaining with the requests from the states and UTs, Union Cupboard determined to prolong the implementation duration of PMAY-U except December 31, 2024, the assertion added.
Central assistance celebrated since 2015 is Rs 2.03 lakh crore against Rs 20,000 crore in 2004-2014, it said, adding that as a lot as March 31, 2022, central assistance/subsidy of Rs 1,18,020.46 crore has already been launched and Rs 85,406 crore will be launched except December 31, 2024.
The continuation of the plan as a lot as December 31, 2024 will advantage in completion of already sanctioned homes below BLC, AHP and ISSR verticals.
The plan is being done thru four verticals: Beneficiary Led Constructing/Enhancement (BLC), Real looking Housing in Partnership (AHP), In-situ Slum Redevelopment (ISSR) and Credit Linked Subsidy Draw (CLSS).
The assertion said that while the Central authorities offers financial assistance, tell and United statesimplement the plan, alongside side resolution of beneficiaries.
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