Policy

Govt okays additional investment in houses for urban poor

Our Bureau New Delhi | Updated on January 17, 2018 Published on July 26, 2016

2.44 lakh homes will be built under PMAY

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.

Published on July 26, 2016
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