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Latest Data Of Houses Constructed Under PMAY Over Last 3 & Current Financial Year

According to latest data provided by the Ministry of Housing and Urban Affairs, over the last three financial years and the current financial year, a total of 2.91 lakh houses have been constructed under Pradhan Mantri Awas Yojana (Urban), including the subsumed projects of Rajiv Awas Yojana (RAY).

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Latest Data Of Houses Constructed Under PMAY Over Last 3 & Current Financial Year
Latest Data Of Houses Constructed Under PMAY Over Last 3 & Current Financial Year

Latest Data Of Houses Constructed Under PMAY Over Last 3 & Current Financial Year

According to latest data provided by the Ministry of Housing and Urban Affairs, over the last three financial years and the current financial year, a total of 2.91 lakh houses constructed under Pradhan Mantri Awas Yojana (Urban), including the subsumed projects of Rajiv Awas Yojana (RAY). Of 2.91 lakh, 2.03 lakh houses have been constructed in the current financial year.

Also Read: Chhattisgarh PMAY Gramin With Highest Number of Beneficiaries

A closer look at the data of houses constructed across states shows Gujarat coming on top with a total of 54,474 houses constructed in the state over the four years. The state is followed by Karnataka and Tamil Nadu that have seen 33,445 and 32,730 houses, respectively, constructed under the PMAY(U) over the four years.

Madhya Pradesh and Jharkhand are the next in line. A surprise entry in the list of top-10 states in terms of houses constructed under PMAY(U) over the last four years is Tripura which occupies the 10th spot with construction of 7,440 houses, more than those developed in Uttar Pradesh and Bihar.

Also Read: Uttar Pradesh to get 70,784 Affordable Houses under PMAY

Out of the 36 states and Union territories, only nine have seen more than 10,000 houses constructed, whereas 16 of them have seen construction of less than 1,000 houses over the four-year period.

According to data provided by the minister, as of now, a total of 6,671 projects (including 183 subsumed projects of Rajiv Awas Yojana) have been sanctioned across the country for construction of 31.18 houses involving central assistance of Rs 47,915 crore. He informed the house on Thursday that of this, Rs 11,143 crore has already been released to the states/UTs concerned. In addition, under Credit Linked Subsidy Scheme vertical of the PMAY(U), Rs 1,627 crore has been disbursed as interest subsidy to 80,860 beneficiaries for acquisition/construction of new houses.

Also Read: Approved Pradhan Mantri Awas Yojana Urban Affordable Homes, PMAY U

Earlier, in November, the Centre had increased the carpet area of houses for the middle-income group (MIG) category under the Pradhan Mantri Awas Yojana (Urban). Under the MIG-I category, the carpet area of the houses was enhanced from 90 square metre to 120 square metre, while under the MIG-II segment, it had been increased to 150 square metre from 110 square metre.

Under the MIG-I category, a four per cent interest subsidy is provided to the beneficiaries, whose annual income is between Rs 6 lakh and Rs 12 lakh, on a loan of up to Rs 9 lakh.

Also Read: Nagpur Improvement Trust to Construct Affordable Houses Jaitala Wanjri

Pradhan Mantri Awas Yojana (Urban), launched on June 25, 2015, aims to provide assistance to states/Union Territories in addressing the housing requirement of the urban poor by 2022.

Source Link- http://indianexpress.com/

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