Cabinet approves continuation of ‘Housing for All’ mission up to 2024
The government’s flagship housing scheme Pradhan Mantri Awas Yojana-Urban (PMAY-U) will continue till 2024. On Wednesday, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the scheme.
The continuation of the scheme is based on the request of states/ UTs up to the year 2024 and will help in the completion of already sanctioned houses under BLC, AHP & ISSR verticals.
‘Housing for All’ is one of the major flagship programmes being implemented by the government to provide all-weather permanent houses to all eligible beneficiaries in the urban areas of the country.
The scheme is being implemented through four verticals including beneficiary-led construction (BLC), affordable housing in partnership (AHP), in-situ slum redevelopment (ISSR), and credit-linked subsidy scheme (CLSS). While the Centre provides financial assistance, states/ UTs implement the scheme including a selection of beneficiaries.
Ministry of Housing and Urban Affairs (MoHUA) had proposed financial assistance for the completion of already sanctioned 122.69 lakh houses till March 31, 2022, for which the Cabinet gave its nod.
In 2017, the original projected demand was 100 lakh houses. Against this original projected demand, 102 lakh houses have been under construction, and out of these, 62 lakh houses have been completed.
A senior official said out of the total sanctioned 123 lakh houses, the proposals of 40 lakh houses were received late (during the last 2 years of the scheme) from the states/ UTs which require another two years to complete them. Therefore, based on the requests from the states/ UTs, the Union Cabinet decided to extend the implementation period of PMAY-U till 2024.
During 2004-2014, 8.04 lakh houses were completed under the Urban Housing Scheme. Under the Modi government, the issue of providing houses to all eligible urban dwellers in saturation mode was brought into focus and the scheme of PMAY-Urban was conceptualized.
The Central assistance approved since 2015 is Rs.2.03 lakh crore against Rs.20,000 crore in 2004-2014. Up to March 31, 2022, Central assistance/ subsidy of Rs.1,18,020.46 crore has already been released and Rs.85,406 crore will be released till December 31, 2024.
[With Inputs from IANS]
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