Rural Housing Scheme

While cutting down the allocation for MGNREGA in the budget of FY24, the Centre has raised it for Pradhan Mantri Awas Yojana-Grameen, and Jal Jeevan Mission

In FY-23, Centre first allocated Rs 20,000 cr for PMAY-G and then topped it up with infusion of Rs 28,000 cr, in the coming 2023 Budget a similar push is expected, sources said

The injection of the additional fund is also important because of increased demand from states for more money for the scheme

Sustained rural housing demand and significant pick-up in infra activity seen as key drivers

Assistance to include release of first installment to 530,000 beneficiaries, second lot to 80,000 beneficiaries who have already availed the first installment of assistance

Almost 3.3 million houses awaiting completion under the IAY will be built by the end of 2016-17