The Centre has approved an additional investment of ₹16,641 crore for affordable housing for construction of nearly 2.44 lakh houses for urban poor under the Pradhan Mantri Awas Yojana (Urban). In a statement, the Ministry of Housing and Urban Poverty Alleviation said that this was done during the first four months of this financial year and will benefit the urban poor in 11 States.
“With these approvals, a total investment of ₹51,568 crore has so far been approved for construction of 9,27,991 houses for Economically Weaker Sections (EWS) in urban areas in 20 States under PMAY (Urban) which was launched in June last year,” the official statement said.
The Centre will be providing assistance of ₹12,604 crore for construction of these houses.
During the last financial year (2015-16), 6,83,724 houses were approved for the urban poor in 18 States with a total investment of ₹34,927 crore, the official statement added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.