To attain the target of housing for all by the 12 months 2022, Prime Minister Narendra Modi had launched the PMAY-G on November 20, 2016, with a goal to construct 2.95 crore homes with primary facilities.

With the Centre working not on time in its plan to supply pucca homes to 2.95 crore poor households by 2022 in rural areas, the Union Cupboard on Wednesday permitted continuation of Pradhan Mantri Awaas Yojana — Gramin (PMAY-G) past March 2021, until March 2024, at an estimated value of Rs 2.17 lakh crore. As many as 1.56 crore homes will likely be constructed within the subsequent three years.

Of the estimated value, the Centre’s share will likely be Rs 1,25,106 crore and states’ share Rs 73,475 crore. One other Rs 18,676 crore will likely be offered in direction of the curiosity reimbursement to the Nationwide Financial institution For Agriculture And Rural Growth. To attain the target of housing for all by the 12 months 2022, Prime Minister Narendra Modi had launched the PMAY-G on November 20, 2016, with a goal to construct 2.95 crore homes with primary facilities.

As on November 29, 1.65 crore PMAY-G homes have been constructed. “It’s estimated that 2.02 crore homes, which is sort of equal to SECC 2011 database primarily based Everlasting Wait Record will likely be accomplished by the deadline of August 15, 2022,” the federal government stated in an announcement. With the extension of the scheme, the pucca homes to be constructed will likely be 3.21 crore as towards the preliminary goal of two.95 crore.

The Cupboard additionally gave its nod to convey off-budget funding part of the scheme to the steadiness sheet of the federal government, consistent with the latest authorities effort to finish such funding of schemes which were criticised by the Comptroller and Auditor Normal of India (CAG).

https://www.financialexpress.com/financial system/rural-housing-scheme-extended-to-cost-rs-2-17-lakh-crore-in-3-years/2384924/

Rural housing scheme prolonged, to value Rs 2.17 lakh crore in 3 years