In a big accomplishment, the government has approved the construction of 3.18 lakh more affordable houses under Pradhan Mantri Awas Yojana (Urban) taking total to 51 lakh units, the Housing and Urban Affairs (HUA) Ministry said on Monday.
The Ministry of Housing and Urban Affairs conducted its 35th Central Sanctioning and Monitoring Committee (CSMC) meeting of Pradhan Mantri Awas Yojana (PMAY) – Urban on June 25, where 3.18 lakh units from six States and UTs were sanctioned.
The latest approval entails an investment of Rs 8,692 crore with central assistance of Rs 3,782 crore for 308 projects in six states and Union territories, the ministry said in a release.
Launched in 2015, the scheme achieved significant milestone in the third year of its implementation with 51 lakh houses being approved by the government against the estimated demand of one crore.
This is a huge jump in comparison to old housing scheme where 12.4 Lakh houses were approved in around 9 years of its implementation.
Such unprecedented performance is due to innovative architecture of the scheme where flexibility has been given to the States/UTs to approve the projects. Further, rather than a rigid approach, beneficiaries are free to choose from 4 verticals of the Mission as per their preference.
Maharashtra has been sanctioned over 2.48 lakh houses, followed by Rajasthan 31,304 houses, Tamil Nadu 23,564, Chhattisgarh 13,889, Puducherry 1,580 and Daman and Diu 203 houses.
The total project cost approved under the scheme stands at Rs 2.81 lakh crore with a Central Assistance of 77, 934 crore rupees. A total of 7.6 lakh houses are already completed and another 28 lakh have been grounded.
The Government of India is committed to provide Housing for All by the end 2022.
(with agency inputs)