Indian Economy News

Government to provide assistance to construct three crore rural and urban houses under Pradhan Mantri Awas Yojana (PMAY)

Since its inception in 2015-16, the Government of India has implemented the Pradhan Mantri Awas Yojana (PMAY) to provide housing assistance to eligible rural and urban households. The program ensures that all constructed houses have essential amenities, such as household toilets, LPG connections, electricity connections, and functional household tap connections. These amenities are provided through convergence with other Central and State Government schemes. Over the past decade, PMAY has completed the construction of 4.21 crore houses for eligible low-income families.

In a recent Cabinet meeting, it was decided to extend assistance to an additional three crore rural and urban households to address the housing needs arising from the increase in eligible families. This expansion of the PMAY scheme will continue to focus on providing comprehensive support, ensuring that each newly constructed house includes all necessary basic amenities. The initiative underscores the government’s commitment to improving living conditions for its citizens through holistic development and inter-scheme convergence.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.