51 Lakh Houses Sanctioned under Pradhan Mantri Awas Yojana | Current Affairs, Current Affairs 2018

51 Lakh Houses Sanctioned under Pradhan Mantri Awas Yojana

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Ministry of Housing and Urban Affairs (MoHUA) has approved 3,18,900 houses from 6 States/UTs. With this, the PMAY (U) has approved more than 51 Lakhs dwelling units against the estimated demand of 1 crore.

The scheme which is completing its 3rd year of implementation, a significant milestone of more than 51 lakh houses approved has been achieved. This is a huge jump in comparison to old housing scheme where 12.4 Lakh houses were approved in around 9 years of its implementation.
The State of Maharashtra has taken a big stride in achieving its target of providing houses to slum dwellers by getting 2.48 lakh houses approved. It should be noted that a total project cost approved under PMAY (U) stands at Rs. 2.81 lakh crore with a Central Assistance of Rs. 77,934 crore. A total of 7.60 lakh houses are already completed and another 28 lakh have been grounded. Massive expansion of housing finance through CLSS is taking place. As on today, more than 2 lakh beneficiaries have been given subsidy under the CLSS vertical of the mission which is substantially higher than 18,166 beneficiaries who benefited from earlier comparable Interest Subsidy Schemes (ISHUP/RRY) – 2008 to 2013. Carpet area expansion upto 200 sq. m. under MIG component of the CLSS is being welcomed by all stakeholders.

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