Home >News >India >More than 1 crore houses sanctioned under PMAY(U): Ten things to know
At this pace we will be able to sanction all 1.12 crore homes within next 3-4 months and deliver them to the beneficiaries by 2022 (Photo: @HardeepSPuri on Twitter)
At this pace we will be able to sanction all 1.12 crore homes within next 3-4 months and deliver them to the beneficiaries by 2022 (Photo: @HardeepSPuri on Twitter)

More than 1 crore houses sanctioned under PMAY(U): Ten things to know

  • 1.2 crore jobs have been created so far under the scheme
  • The houses sanctioned so far under the scheme involve an investment of about 5.7 lakh crore with Central assistance of 1.6 lakh crore

New Delhi: The Centre on Friday approved construction of 6.5 lakh houses under Pradhan Mantri Awas Yojana (Urban), Modi government's affordable housing programme, thus taking the total number of houses being funded under the scheme to over 1 crore.

Addressing a press conference, Union Housing and Urban Affairs Minister Hardeep Singh Puri said in the next three-four months, the ministry will sanction all the 1.12 crore houses, a target set by the government, and deliver them to the beneficiaries by 2022.

Here are the ten essential things to be known from the latest update on PMAY(U).

1) A total of 57 lakh houses are in various stages of construction of which, nearly 30 lakh houses have been completed.

2) Compared to the earlier JNNURM scheme, PMAY (U) has achieved 10 times more in a span of 4.5 years, whereas the earlier scheme had taken 10 years to achieve a significantly less number.

3) The houses sanctioned so far under the Mission involve an investment of about 5.7 lakh crore with Central assistance of 1.6 lakh crore. The Central Government is contributing 1 Lakh to 2.67 Lakh for each house under different verticals of the scheme. As on date, nearly 60,000 crore of Central assistance has been released.

4) States/UTs are also contributing a substantial amount of 1-2 lakh on an average, which can go upto 6 lakh per house. Beneficiaries are also contributing their share in the range of 2 lakh to 5 lakh per house.

5) Currently, works of about 3 lakh crore are ongoing and by the time the Mission accomplishes its target of 1.12 crore houses, the entire activity will trigger an investment of more than 7 lakh crore.

6) The Mission has covered a range of social groups which comprises of around 5.8 Lakh senior citizens, 2 Lakh construction workers, 1.5 lakh domestic workers, 1.5 Lakh artisans, 0.63 Lakh differently-abled (Divyang), informed DurgaShanker Mishra, Secretary, Ministry of Housing & Urban Affairs.

7) The construction activity under the scheme has had a huge impact on the other sectors of the economy with a multiplier effect in employment generation. Approximately around 1.20 Cr employment has been generated through forward and backward linkages with about 250 auxiliary industries like, steel, brick kilns, cement, paint, hardware, sanitary etc.

8) Owing to investment being made in the scheme, around 568 lakh metric tonnes of cement would be required for sanctioned houses; out of which 178 lakh metric tonnes of cement has already been consumed through completed houses. Around 130 lakh tonnes of steel is required for the sanctioned houses; around 40 lakh metric tonnes of steel has already been consumed in the completed houses.

9) Six light house projects are being executed in six states across the country, which will act as live laboratories demonstrating innovative, proven construction technologies for speedier and cost-effective construction of houses which are sustainable green, eco-friendly and disaster resilient.

10) In order to supplement the additional requirement of providing the Central assistance, over and above the budgetary support, Government has made a provision for raising Extra Budgetary Resources (EBR) to the tune of 60,000 crore of which, 38,000 crore hasalready been raised and disbursed.

Subscribe to newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

Close
×
My Reads Logout