Cabinet approves extra-budgetary support for urban housing scheme
The govt’s flagship housing scheme, Pradhan Mantri Awas Yojana (Urban), received allocation at Rs6,505 crore for Budget 2018-19 as compared to Rs6,042.81 crore in 2017-18
New Delhi: The Union cabinet on Tuesday approved extra-budgetary support for government’s flagship housing scheme Pradhan Mantri Awas Yojana (Urban), an official familiar with the matter said.
Under the PMAY(U), the housing and urban affairs ministry targets construction of about 1.2 crore houses for the urban poor. The scheme got allocation at Rs6,505 crore for Budget 2018-19 as compared to Rs6,042.81 crore in 2017-18.
However, additional budgetary resources of Rs25,000 crore was also proposed for the scheme to be raised outside the general budget. In urban areas, the assistance has been sanctioned for construction of over 39 lakh houses so far.