51 lakh houses sanctioned under PMAY (Urban) in 3 years of its implementation

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The Ministry of Housing and Urban Affairs (HUA) has sanctioned a total of 3,18,900 affordable houses for six States and Union Territories under the Prime Minister Awas Yojana (Urban) as it plans housing for all by 2022. In the last three years, the Ministry has approved more than 51 lakh dwelling units against the estimated demand of one crore under the PMAY (Urban). In a related development, HUA’s Central Sanctioning and Monitoring Committee (CSMC) has approved 2.48 lakh houses for Maharashtra. According to officials of HUA Ministry, the total project cost approved under PMAY (Urban) stands at Rs 2.81 lakh crore with a central assistance of Rs 77,934 crore. After the introduction of credit link subsidy scheme (ClSS), more than two lakh beneficiaries have been given subsidy which is substantially higher than 18,166 beneficiaries who benefited from earlier comparable Interest Subsidy Schemes (ISHUP/RRY) — 2008 to 2013,” said officials.

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