On Monday, the Housing and Urban Affairs Ministry notified that construction work of 32.07 lakh houses has been completed and delivered under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) scheme so far out of the total sanctioned houses 1.03 crore. In a written reply, the Minister-in-charge Hardeep Singh Puri said that approx 60.50 lakh units are under various stages of construction.
The Ministry further said, “On the basis of project proposals received from the States/Union Territories, total 1,03,22,560 houses have been sanctioned under the PMAY-U scheme, 32,07,573 have been completed & delivered, and 60,50,991 houses are under various stages of construction.” He further said that UT’s and states have been informed to take sanctioning of the project proposals for the remaining demand of houses by March, 2020 so that construction and delivery work gets completed by 2022.
The Pradhan Mantri Awas Yojana (Urban) scheme launched on 25 June, 2015 and it aims at providing housing for all people living in urban areas by 2022. As per the PMAY-U guidelines, the size of a house meant for economically weaker sections (EWS) would be 30 square meters as a carpet area. However, UT’s and states can increase the size of a house after consultation and approval with the ministry.
The programme also includes the CLSS (Credit Linked Subsidy Scheme) in which the government agrees to provide an interest subsidy of 6.5 percent on housing loan up to Rs. 6 Lakh, 4 percent on housing loan of Rs. 9 Lakh, 3 percent on loan amounting Rs. 12 lakh respectively. The benefits of this program extend to lower-income group (LIG), economical weaker sections (EWS), middle-income group-I and II (MIG-I & II ) categories.
The program also includes ISSR (In-situ Slum Redevelopment) scheme where central assistance of Rs. 1 lakh per housing is provided amongst other benefits for affordable housing.