Extension will ensure construction of 155.75 lakh more houses
New Delhi, Dec. 8 (Delhi Crown): The Centre Government has decided to extend the “Pradhan Mantri Awaas Yojana – Gramin (PMAY-G)” for three years.
Now the Scheme, which guarantees houses for the poor in rural areas, will continue will March 2024.
Chaired by Prime Minister Narendra Modi, the union cabinet approved the proposal for continuation of the Scheme till March 2024 wherein financial assistance is to be provided for the construction of the remaining 155.75 lakh houses under the scheme within total target of 2.95 crore houses.
The continuation of the Scheme will ensure completion of remaining houses within a cumulative target of 2.95 crore houses, said an official statement by the union cabinet.
The total financial implication for construction of the remaining 155.75 lakh houses is Rs. 2,17,257 crore, out of which the Centre’s share Rs. 1,25,106 crore while the states’ share is Rs.73,475 crores, for achieving cumulative target of 2.95 crore houses.
Till November this year as many as 1.65 crore houses have been constructed under the PMAY-G out of the total target of 2.95 crore. It is estimated that 2.02 crore houses will be completed by the deadline of August 15 next year.