More

    Union Cabinet Approves PMAY-U Housing for All Mission till End-2024

    Civil societyHousing, land and property rightsUnion Cabinet Approves PMAY-U Housing for All Mission till...
    - Advertisment -

    Union Cabinet Approves PMAY-U Housing for All Mission till End-2024

    The ability of the urban housing construction sector to generate employment is also a reason behind the decision to extend the scheme. On the other hand, many housing companies are saddled with a huge inventory of houses and few takers.

    The union cabinet has approved continuation of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) – Housing for All Mission up to 31 December 2024.

    Financial assistance is being provided for the completion of over 122 lakh houses till 31st March 2022. These housing projects had been sanctioned earlier. The scheme is one of the major flagship programmes being implemented by the union government to provide all-weather pucca houses to all eligible beneficiaries in urban areas of the country through states, union territories, and central nodal agencies.

    The continuation of the scheme is based on requests received by the union government States and union territories for its continuation until 31 December 2024. It is felt that this will help in completion of already sanctioned houses under the beneficiary led construction facet of the scheme. Besides, it will also help in achieving wider coverage of the schemes on affordable housing in partnerships, and the in-situ slum redevelopment verticals.

    - Advertisement -

    Central assistance approved since 2015 on the scheme is Rs 2.03000 crores against 20 thousand crore rupees in 2004-2014.

    The ability of the urban housing construction sector to generate employment is also a reason behind the decision to extend the scheme. On the other hand, many housing companies are saddled with a huge inventory of houses and few takers.

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    Governance Reforms to Include Digital Empowerment of Citizens

    Union Minister Dr. Jitendra Singh says “Continuing the reforms and revamping training structures and methodologies to optimize the performance...

    Ministry of Education Issues Advisory to ensure RTE Entitlements to Children with Special Needs

    The aim is to ensure the NEP 2020 objective of providing access to quality education for all, including children...

    Nepalese Women Unionists Demand Recognising Community Health Work as Work

    In a first, two community health workers from Nepal are participating in the ILO's ongoing annual meeting Geneva, Switzerland....

    Climate Change Widening Asia’s Education Gap

    Extreme heat and flooding are forcing kids to miss classes across Asia, amid concerns that climate change could be...
    - Advertisement -

    FAO Report: Global fisheries and Aquaculture Production Reaches New Record High

    Aquaculture growth indicates its capacity to further contribute to meeting the rising global demand for aquatic foods, but future...

    Global Temperature Likely to Exceed 1.5°C Above Pre-Industrial Level Temporarily in Next Five Years

    The chance of at least one of the next five years exceeding 1.5°C has risen steadily since 2015, when...

    Must read

    Governance Reforms to Include Digital Empowerment of Citizens

    Union Minister Dr. Jitendra Singh says “Continuing the reforms...
    - Advertisement -

    More from the sectionRELATED
    Recommended to you