Union Housing and Urban Affairs Ministry on Friday approved the construction of around 10.28 lakh houses under the Pradhan Mantri Awas Yojana (Urban), taking the total number of houses sanctioned so far under the scheme to 1.06 crore.
The decision was taken at a meeting of the Central Sanctioning and Monitoring Committee (CSMC) under PMAY (Urban). The meeting was attended by 19 states and Union Territories.
This was the first CSMC meeting held during the COVID-19 pandemic.
HUA Secretary Durga Shanker Mishra told states that by the end of this year, they should work towards achieving the target of constructing 60 lakh houses while 80 lakh houses should be grounded for construction, a statement by the ministry said.
It stated that about 67 lakh houses are currently grounded for construction and more than 35 lakh have so far been completed and occupied,
The ministry said the total number of sanctioned houses under PMAY(U) is now 1.06 crore as against the validated demand of 1.12 crore.
"In the meeting, 1,589 proposals from participating states were approved for the construction of nearly 10.28 lakh houses," the statement said.
These houses are proposed to be constructed across beneficiary-led construction and affordable housing in partnership verticals under PMAY(U).
In the meeting, states also put in their proposals for revision of projects due to various issues such as land, topographical hazards, inter-city migration, change of preferences of verticals and loss of lives, among others.
The ministry said the total investment under the PMAY (U) is Rs 6.31 lakh crore which has central assistance of Rs 1.67 lakh crore of which Rs 72,646 crore has been released.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.