Centre considering extension of PMAY-Urban Mission up to March 2024

The extension of government's flagship urban housing scheme, Prime Minister Awas Yojana (PMAY) Urban up to March 2024 is under consideration by the Ministry of Housing

PMAY
IANS New Delhi
2 min read Last Updated : Jul 22 2022 | 10:17 AM IST

The extension of government's flagship urban housing scheme, Prime Minister Awas Yojana (PMAY) Urban up to March 2024 is under consideration by the Ministry of Housing.

In a written reply in Lok Sabha on Thursday, Minister of State for Housing and Urban Affairs, Kaushal Kishore said: "A proposal seeking extension of the Mission up to March 2024, to complete all houses sanctioned under the scheme up to March 31, 2022 without changing the funding pattern and implementation methodology, is under consideration. Meanwhile, an interim extension of 6 months for all verticals except Credit Linked Subsidy Scheme has been granted."

The Ministry of Housing and Urban Affairs is implementing PMAY - Urban (PMAY-U) - 'Housing for All' Mission, since June 25, 2015 for giving Central assistance to States and Union Territories (UTs) for providing all-weather 'pucca' houses to all eligible urban beneficiaries.

Based on the project proposals submitted by States/ UTs, a total of 122.69 lakh houses have been sanctioned during the Mission period till 31 March 2022.

Against the sanctioned houses, 101.94 lakh have been grounded for construction; of which 61.15 lakh are completed or delivered to beneficiaries.

Central assistance of Rs 2,03,427 crore has been approved; out of which Rs 1,20,130 crore has been released.

--IANS

kumar/pgh

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :PMAY schemeindian governmentLok SabhaMonsoon session of Parliament

First Published: Jul 22 2022 | 10:17 AM IST

Next Story