Infrastructure
Cabinet Approves Continuation Of Pradhan Mantri Awas Yojana-Urban Till December 2024
- Launched in June 2015, the original deadline for the scheme - 'Housing for All' - was March 2022.
- Of the total 123 lakh houses sanctioned under PMAY-U, 62 lakh houses have been completed.
- However, proposals of 40 lakh houses were received late from the states/UTs, which require another two years to complete.
Pradhan Mantri Awas Yojana (Urban) (representative image)
Accepting the request of states and Union Territories, the Union Cabinet has decided for continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U) - “Housing for All” Mission up to 31 December 2024.
The extension comes at a time the pandemic has impacted the completion of projects under the scheme. Launched in June 2015, the original deadline for the scheme - ‘Housing for All' - aimed at providing pucca houses to all eligible urban beneficiaries was March 2022.
The continuation of the scheme based on the request of states and Union Territories up to December 2024 will help in the completion of already sanctioned houses.
Chaired by the Prime Minister Narendra Modi, the Cabinet has approved that the financial assistance will be provided for the completion of already sanctioned 122.69 lakh houses till 31 March 2022.
One of the major flagship programmes, PMAY-U, is being implemented by the centre to provide all weather pucca houses to all eligible beneficiaries in the urban areas of the country through States/UTs/Central Nodal Agencies.
The scheme covers the entire urban area of the country - all statutory towns as per Census 2011 and towns notified subsequently, including Notified Planning/Development Areas.
During the period of 2004-2014, 8.04 lakh houses were completed under the Urban Housing Scheme.
Under the Modi government, the issue of providing houses to all eligible Urban dwellers in saturation mode was brought into focus and the scheme of PMAY-Urban was conceptualised. In 2017, the original projected demand was 100 lakh houses. Against this original projected demand, 102 lakh houses have been grounded/under construction.
Further, out of these 62 lakh houses have been completed. Out of the total sanctioned 123 lakh houses, the proposals of 40 lakh houses were received late (during the last two years of scheme) from the states/UTs which require another two years to complete them. Therefore, based on the requests from the states/UTs, the Union Cabinet decided to extend the implementation period of PMAY-U.
The central assistance approved since 2015 is Rs 2.03 lakh crore against Rs 20,000 crore in 2004-2014 period. Upto 31 March 2022, central assistance/subsidy of Rs 118,020.46 crore has already been released and Rs 85,406 crore will be released as central assistance/subsidy till 31 December 2024.
