2 Lakh More Houses Sanction under Pradhan Mantri Awas Yojana Urban (PMAY-U)in CSMC 40th Meeting

PSAY-2017
1st December 2018 | Category: Housing News

Ministry of Housing & Urban Affairs (MoHUA) sanctions 205,442 affordable Houses under Pradhan Mantri Awas Yojana (PMAY-U). Government is going to provide more than 2 lakh affordable houses under Pradhan Mantri Awas Yojana (PMAY-U) housing scheme to the urban poor people.

The approval of 205,442 houses under PMAY-U was given in the 40th meeting of the Central Sanctioning and Monitoring Committee (CSMC)

205,442 Affordable Houses Under PMAY-U Housing Scheme – CSMC 40th Meeting

Government has approved 205,442 affordable houses under this housing scheme, Maharashtra has been sanctioned 116,042 more affordable houses and Karnataka 31,657. The incremental number of houses sanctioned for bihar is 26,880 while Tamil Nadu has been sanctioned 15,529 houses and Jammu & Kashmir, 15,334 houses.

S.No Name of State Number of Houses under PMAY -U
1 Jammu & Kashmir 15,334
2 Tamil Nadu 15,529
3 Maharashtra 1,16042
4 Karnataka 31,657
5 Bihar 26,880

2.75 lakh people have benefited from the credit link subsidy scheme in which Economically weaker Section (EWS), Lower Income Group (LIG) and Middle Income Group (MIG) are included. By the end of the this financial year,aim to cross 4 lakh beneficiaries. Around Rs.6,000 crore loan has been sanctioned.

3.5 million houses have been approved for construction and 1.2 million have been handed over to people till now. Officials targeting to complete around 3 million houses this financial year.

A total of 392 projects with a cost of Rs.7,391 crore with a central assistance of Rs.3,082 crore were approved at the meeting.

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