Ministry of Housing & Urban Affairs To Sanction 75 Lakh Houses Till March 2019

So far, since the start of the programme, the government has approved construction of a total of 53.7 lakh houses, and close to 30 lakh dwelling units have already been grounded and are in various stages of completion. More than 8 lakh houses have already been completed.

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Ministry of Housing & Urban Affairs To Sanction 75 Lakh Houses Till March 2019

The Ministry of Housing and Urban Affairs has set a target to sanction around 75 lakh houses till March 2019 under the Pradhan Mantri Awas Yojana (Urban), a senior government official said. Construction of around 30 lakh houses is expected to be completed by March next year, he said.

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In 2017-18, the ministry had sanctioned around 26.7 lakh houses, while the target for 2018-19 is around 30.6 lakh houses. So far, since the start of the programme, the government has approved construction of a total of 53.7 lakh houses, and close to 30 lakh dwelling units have already been grounded and are in various stages of completion. More than 8 lakh houses have already been completed.

While efforts to provide low-cost housing loans have been made for many years (National Housing Policy, 1994; Jawaharlal Nehru National Urban Renewal Mission (JNNURM), 2005; Rajiv Awas Yojana 2013), the Pradhan Mantri Awas Yojana (PMAY) launched in 2015 provides a fresh impetus the PMAY-Urban (PMAY-U) subsumes all the previous urban housing schemes and aims at ‘Housing for All’ to be achieved by 2022. The total housing shortage envisaged to be addressed through the PMAY-U is around 1 crore.

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The official said the government has released Rs 1,424.59 crore under the Credit-Linked Subsidy Scheme (CLSS) of the (PMAY-U) in the current year while Rs 2,481.56 crore was released under the CLSS in the previous financial year.

Recently, a parliamentary panel on urban development had pulled up the government over “slack implementation” of the Centre’s flagship programmes, including the (PMAY-U) and the Swachh Bharat Mission, and had asked it to get its “act together” and address the issues.

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The panel observed that the housing and urban affairs ministry is giving the “usual excuse of procedural delays” in accounting for spent funds in case of the prestigious flagship programmes, but the reality is that “enough thought” has not gone into the promises made to people.

Source Link- https://www.financialexpress.com/

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