Over 51 Lakh Houses Sanctioned In Urban Areas Under Modi’s Awas Yojana In Three Years, 7.6 Lakh Built

The Ministry of Housing and Urban Affairs has sanctioned more than 51 lakh houses under Pradhan Mantri Awas Yojana (Urban) in three years.

While 7.60 lakh houses have already been completed, another 28 lakh have been grounded. Over 2 lakh beneficiaries have been given subsidy.

In view of the fact that only 12.4 lakh houses were sanctioned under the old housing schemes in over nine years, this is a major achievement, the report said.

The total project cost of the scheme now stands at Rs. 2.81 lakh crore, with Central Assistance estimated at Rs. 77,000 crore.

Under this scheme, which was launched in 2015, the government plans to build 20 million affordable houses by March 2022.

To boost affordable housing, the government has widened the scope of eligibility for claiming subsidy under the Credit-Linked Subsidy Scheme. It has approved a 33-per cent increase in carpet area of houses eligible for interest subsidy. While the carpet area of a house has been enhanced to 160 square meters from 120 square meters for Middle Income Group-I, it has been increased to 200 square meters from 150 square meters in case of Middle Income Group-II.