Government approves construction of 1,86,777 affordable houses for Urban Poor
With a firm focus on achieving its Housing for All target by 2022, the Ministry of Housing & Urban Affairs has approved the construction of 1,86,777 more affordable houses benefitting the urban poor under Pradhan Mantri Awas Yojana (Urban). The announcement was made at the 30th meeting of the Central Sanctioning and Monitoring Committee (CSMC) yesterday.
The total investment outlay for this project is Rs. 11,169 crore with central assistance of Rs. 2,797 crore. The states that stand benefitted are Haryana, Tamil Nadu, Karnataka, Gujarat, Maharashtra, Bihar, Kerala, Uttarakhand and Odisha.
Haryana has been sanctioned 53,290 houses in 38 cities and towns with an investment of Rs.4,322 crore with central assistance of Rs.799 crore. Tamil Nadu got 40,623 houses in 65 cities and towns with an investment of Rs.2,314 crore and central assistance of Rs.609 crore. Karnataka has been sanctioned 32,656 affordable houses in 95 cities with an investment of Rs.1,461 crore and central assistance of Rs.490 crore. Gujarat has been sanctioned 15,584 houses in 45 cities and towns with an investment of Rs. 946 crore with central assistance of Rs.234 crore. Maharashtra has been sanctioned 12,123 houses in 13 cities and towns with an investment of Rs.868 crore with central assistance of Rs.182 crore. Kerala has been sanctioned 9,461 houses in 52 cities with an investment of Rs.284 crore. with central assistance of Rs.142 crore. Uttarakhand has been sanctioned 6,226 houses in 57 cities and towns with an investment of Rs.258 crore. with central assistance of Rs.93 crore Odisha got 5,133 houses in 26 cities and towns with an investment of Rs.156 crore. with central assistance of Rs.77 crore.
With the above proposed houses, cumulative houses under PMAY(U) would become 37,83,392 after final approval from CSMC. Further after subsuming projects of RAY scheme the total number of houses being funded under PMAY(Urban) would be 39,25,240 houses.
Finance Minister Arun Jaitely in his budget speech too proposed a dedicated affordable housing fund under the National Housing Bank (NHB) for priority sector lending and also announced increased allocation for PMAY (Urban) by 7.6 per cent.
“My Government will also establish a dedicated Affordable Housing Fund (AHF) in National Housing Bank, funded from priority sector lending shortfall and fully serviced bonds authorised by the Government of India,” Jaitley said in his Budget speech.
“Under Prime Minister Awas Yojana (Rural), 51 lakh houses in the year 2017-2018 and 51 lakh houses during 2018-2019 which is more than one crore houses will be constructed exclusively in rural areas. In urban areas, the assistance has been sanctioned to construct 37 lakh houses,” he said.
