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Cabinet approves extension of urban housing scheme

Central assistance approved since 2015 is Rs. 2.03 lakh crore against Rs. 20,000 crores in 2004-2014, a government release said.

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New Delhi: The Union Cabinet on Wednesday approved the continuation of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) – ‘Housing for All’ Mission up to December 31, 2024.

Housing for All is one of the major flagship programmes being implemented by the government to provide all-weather pucca houses to all eligible beneficiaries in the urban areas of the country.

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During the period 2004-2014, 8.04 lakh houses were completed under Urban Housing Scheme.

Central assistance approved since 2015 is Rs. 2.03 lakh crore against Rs. 20,000 crores in 2004-2014, a government release said.

Up to 31st March 2022, Central Assistance/subsidy of ₹1,18,020.46 crore has already been released and ₹85,406 crores will be released as central assistance till 31st December 2024, the release said further.

In 2017, the originally projected demand was 100 lakh houses. Against this demand, 102 lakh houses have been grounded/under construction, a Cabinet release said.

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 2 years of the scheme) from the States which require another two years to complete them.

Therefore, based on the requests from the States/UTs, Union Cabinet decided to extend the implementation period of PMAY-U till 31.12.2024, the Cabinet release added.

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