Latest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
Reading: PMAY-U delivers over 85 lakh urban homes out of 1.18 cr sanctioned – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
    • Home 1
  • Categories
  • Bookmarks
  • More Foxiz
    • Sitemap
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > PMAY-U delivers over 85 lakh urban homes out of 1.18 cr sanctioned – World News Network
Business

PMAY-U delivers over 85 lakh urban homes out of 1.18 cr sanctioned – World News Network

worldnewsnetwork
Last updated: July 29, 2024 12:00 am
worldnewsnetwork
Share
SHARE

New Delhi [India], July 29 (ANI): The Ministry of Housing & Urban Affairs (MoHUA) has reaffirmed its commitment to providing pucca houses with essential civic amenities to all eligible urban beneficiaries across India.
According to a press release by the Ministry of Housing and Urban Affairs, as of July 15, a total of 118.64 lakh houses have been sanctioned under the Pradhan Mantri Awas Yojana (Urban) (PMAY-U). Out of these, 114.33 lakh have been grounded for construction, and 85.04 lakh houses have been completed and delivered.
The initiative is part of the Pradhan Mantri Awas Yojana – Urban (PMAY-U), a flagship scheme launched on June 25, 2015, aimed at addressing the housing needs in urban areas.
PMAY-U is a demand-driven scheme that supplements state and union territory efforts by offering central assistance for housing projects.
The scheme operates through four key verticals- Beneficiary-led Individual House Construction/Enhancements (BLC), Affordable Housing in Partnership (AHP), In-Situ Slum Redevelopment (ISSR), Credit Linked Subsidy Scheme (CLSS), rad the press release.
Under the PMAY-U, the central government provides fixed assistance: Rs 1.0 lakh per house under ISSR, Rs 1.5 lakh per house for AHP and BLC verticals, and an interest subsidy of up to Rs 2.67 lakh per house for beneficiaries in the Economically Weaker Sections (EWS) and Lower Income Group (LIG) through CLSS.
The remaining costs are borne by the states/UTs, Urban Local Bodies (ULBs), or the beneficiaries themselves.
The scheme’s implementation is highly decentralised. States and UTs prepare project proposals based on local demand, which are then approved by the State Level Sanctioning & Monitoring Committee (SLSMC) before submission to the Central Sanctioning & Monitoring Committee (CSMC) for final approval.
Central assistance is released in three instalments- 40 per cent, 40 per cent, and 20 per cent, contingent upon the fulfilment of compliance requirements.
The timeline for project completion varies from 12 to 36 months depending on various factors, including land availability and statutory compliance.
The scheme’s duration, initially set to conclude on March 31, 2022, has been extended to December 31, 2024, except for the CLSS vertical.
This extension allows for the completion of all sanctioned houses without altering the funding pattern or implementation methodology.
The progress of the Pradhan Mantri Awas Yojana – Urban (PMAY-U) across states and union territories reflects a substantial effort toward achieving the housing goals.
In Andhra Pradesh, a total of 21,37,028 houses have been sanctioned under PMAY-U. Out of these, 19,90,937 houses have been grounded for construction, and 9,73,837 houses have been completed.
The central assistance sanctioned for this state amounts to Rs 32,568.27 crore, with Rs 23,800.26 crore already released.
In Bihar, 3,14,477 houses have been sanctioned. Of these, 3,05,811 houses have been grounded, and 1,47,979 houses have been completed.
The central assistance sanctioned for Bihar stands at Rs 4,950.45 crore, with Rs 3,368.00 crore released to date.
Gujarat has seen the sanctioning of 10,05,204 houses. Currently, 9,83,778 houses have been grounded, and 9,18,185 houses have been completed.
For Gujarat, the central assistance sanctioned totals Rs 21,064.34 crore, with Rs 19,805.76 crore released so far.
In Maharashtra, 13,64,923 houses have been sanctioned, with 11,16,949 grounded and 8,55,339 completed. The sanctioned central assistance for Maharashtra is Rs 25,548.21 crore, and Rs 19,323.37 crore has been released.
Uttar Pradesh has had 17,76,823 houses sanctioned under PMAY-U. Of these, 17,33,051 houses have been grounded, and 15,47,101 houses have been completed.
The central assistance sanctioned for Uttar Pradesh amounts to Rs 27,962.68 crore, with Rs 26,065.17 crore released.
The northeastern states and union territories have also demonstrated significant progress. A total of 4,10,572 houses have been sanctioned, and 3,77,116 of these have been grounded, reflecting a committed effort towards enhancing housing infrastructure in these regions.
Minister of State for Housing & Urban Affairs, Tokhan Sahu, highlighted the ongoing efforts and challenges in the implementation of PMAY-U. He emphasized that the Ministry continues to work closely with states and UTs to ensure timely completion of housing projects and adherence to the operational guidelines. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Share This Article
Twitter Email Copy Link Print
Previous Article Kamala Harris’ campaign slams Trump for telling Christians they ‘don’t have to vote again’ if he gets elected – World News Network
Next Article ICW 2024: Khushi Kapoor, rumoured boyfriend Vedang Raina ignite the ramp at designer Gaurav Gupta’s show – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Top Writers

Oponion

You Might Also Like

MediSun Energy and EMSTEEL Launch UAE’s First Pilot to Transform Desalination Brine into Blue Energy and Magnesium Carbonate – World News Network

Singapore, May 23: MediSun Energy, a Singapore-based integrated brine management company, has partnered with EMSTEEL (ADX: EMSTEEL) ("the Group"), one…

5 Min Read

Kia announces price for new Carens Clavis starting at Rs 11.49 lakhs – World News Network

Kia India launched its big, bold family vehicle, the new Kia Carens Clavis, for Indian consumers at a starting price…

3 Min Read

Shieldworkz Expands OT Cybersecurity Offerings to Tackle Emerging Threats and Posture Management Needs – World News Network

Abu Dhabi [UAE] / Bangalore (Karnataka) [India], May 23: Shieldworkz, a leading cybersecurity innovator, today announced the expansion of its…

3 Min Read

Vedanta Group announces Rs 80,000 Crore investment in Northeast – World News Network

In a major boost to economic development in the Northern states, Vedanta Group said the company will make an investment…

4 Min Read
Latest World News Update
Copyright © 2024 World News Network. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?