IBEF: September 27, 2019
The 47th CSMC has approved 630 proposals from participating States for construction of 1.23 lakh houses with an overall investment of Rs. 4,988 crores (US$ 713.69 billion). The commitment from the Government of India as Central assistance will be Rs. 1,805 crores (US$ 258.26 billion). With the approval of these proposals, cumulative sanctions of houses under PMAY(U)- mission has achieved milestone of more than 90 Lakh houses against the validated demand of 1.12 crore.
A total of ten states participated in the CSMC namely; West Bengal for 27,746 houses , Tamil Nadu for 26,709, Gujarat for 20,903, Punjab for 10,332, Chhattisgarh for 10,079, Jharkhand for 8,674, Madhya Pradesh for 8,314, Karnataka for 5,021, Rajasthan for 2,822 and Uttarakhand for 2,501 house.
So far, an overall investment of Rs. 5.54 lakh crore (US$ 79.26 billion) has been approved which includes Rs. 3.01 lakh crore (US$ 43 billion) from the Central and State Governments while Rs. 2.53 lakh crore (US$ 36.2 billion) as the private investment.
The Central Government has committed Rs. 1.43 lakh crore (US$ 20.46 billion) of which Rs. 57,758 crores (US$ 8.26 billion) have already been released. About 53.5 lakh houses have been grounded for construction of which construction of more than 27 lakh houses have been completed. Shri Durga Shanker Mishra, Secretary MoHUA, emphasized on efforts towards completion of projects to achieve "Housing for All" by 2022.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.