PMAY Urban: The Union Cabinet on Wednesday approved the extension of the Pradhan Mantri Awas Yojana (Urban) scheme till December 2024. Launched in June 2015, the government aims to build Pukka houses for all under this scheme. The Union Cabinet has decided to provide pukka houses to all eligible urban beneficiaries by March 2022. The central government has said that it will provide financial assistance to 122.69 lakh houses issued by March 31, 2022. The Central Government has said that this scheme has been extended considering the request of the State Governments and Union Territories. In a Union Cabinet meeting chaired by Prime Minister Narendra Modi, it has been decided to implement the PMAY-Urban scheme till December 31, 2024.
The financial assistance approved by the Center since 2015 is Rs.2.03 lakh crore. As on March 31, 2022, the Central Government has released Rs.1,18,020.46 crore under financial assistance and subsidy. Rs.85,406 crore has to be released by December 31, 2024. With the extension of this scheme till December 31, 2024, assistance will be available to complete the houses already issued under beneficiary led construction, affordable housing in partnership, in-situ slum redevelopment. While the central government is providing financial assistance to this scheme, the states and Union Territories are implementing this scheme. It will also include selection of beneficiaries.
According to the details on the PMAY site, 122.69 lakh houses have been issued so far, and 61.77 lakh houses have been completed. The completion of projects under this scheme has been delayed due to the impact of Corona. Due to this, the government has extended the deadline of this scheme. To provide housing to economically backward sections and middle class people in urban areas.. The central government works with the states for permission for land and construction work. In December 2021 itself, the Union Cabinet extended the rural housing scheme PMAY-Gramin (Rural) till March 2024. Currently, the deadline of urban housing scheme has also been extended.
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