1.15 crore houses sanctioned under PMAY-Urban, 56.20 lakh units already built: Govt to Lok Sabha
- IBEF
- March 25, 2022
Over 1.15 crore houses have been approved for building across the country under the Pradhan Mantri Awas Yojana-Urban (PMAY-U).
Hardeep Singh Puri, the Minister of Petroleum & Natural Gas, and Housing & Urban Affairs, further stated that 94.79 lakh dwellings have been approved for building, with 56.20 lakh units already finished or given to beneficiaries.
The PMAY-U, tackles the need for affordable housing in urban areas in four ways: beneficiary-led individual house construction or upgrading (BLC), affordable housing in partnership (AHP), credit-linked subsidy scheme (CLSS), and in-situ slum remediation (ISSR).
According to project reports, states and UTs have been encouraged to speed the construction of sanctioned dwellings so that they are all completed within the allowed timetable. State and local governments are responsible for identifying and selecting beneficiaries under the PMAY-U.
States and UTs must develop project proposals based on their estimated demand for housing under the programme, phase them out based on their resources, and get them authorised by the state level sanctioning and monitoring committee (SLSMC). States and UTs will submit the request to the ministry for approval of central assistance by the central sanctioning and monitoring committee after receiving clearance from SLSMCs (CSMC).
Project completion takes 12-18 months for the BLC vertical and 24-36 months for the AHP vertical of the system.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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