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Tax on Go


Centre approves construction of 3.61 lac houses under PMAY-Urban
By TOG News service
Jun 09, 2021

TOG NEWS SERVICE, NEW DELHI, JUN 9, 2021: THE government has approved 708 proposals for construction of 3.61 lakh houses under the Pradhan Mantri Awas Yojana - Urban (PMAY-U), Ministry of Housing and Urban Affairs (MoHUA) said on Wednesday.

The ministry said the decision was taken at a meeting of the Central Sanctioning and Monitoring Committee (CSMC) where officials from 17 States and Union Territories (UTs) participated.

MoHUA has laid renewed emphasis to accelerate housing construction and completion of the PMAY-U mission by 2022. The houses are proposed to be constructed across beneficiary-led construction and affordable housing in partnership verticals.

Housing Secretary Mr Durga Shanker Mishra also launched the PMAY-U Awards 2021 to recognise the outstanding contribution and performances by States, UTs, Urban Local Bodies (ULBs) and beneficiaries for successful implementation of the mission.

Over 1.12 crore houses have been sanctioned under PMAY-U so far, with 82.5 lakh grounded for construction of which 48.31 lakh have been completed. The total investment under the mission is Rs 7.35 lakh crore which includes Central assistance of Rs 1.81. lakh crore.

The government has so far released Rs. 96,067 crore of the funds.

" The demand for sanction has saturated in all States and UTs. Utilisation of unused funds and ensuring completion of the projects within stipulated time is our prime focus now ," said Mr Mishra.

The States and UTs also put in their proposals for revision of projects due to various issues such as land acquisition, topographical hazards, inter-city migration, change of preferences of verticals, or loss of lives.