Pradhan Mantri Awas Yojana aka PMAY was launched in 2015 in the month of June by the honourable Prime Minister Shree Narendra Modi. According to the scheme people who are falling under economically backward groups and low income groups in urban areas will get their own permanent house. According to the main plan of the scheme total of 2 Cr affordable houses will be built across the nation for the urban poor people. The scheme has launched in last year and during last one year over 6 lakh houses have already been approved by the government. In this financial year the government has approved more funds for more houses in 11 different states to remodel and build houses for the urban poor people.
Pradhan Mantroi Awas Yojana Investment 2015-16
In last one year the government has approved 6, 83, 744 houses for the people fall under economically weaker class and low income group in urban areas across the nation. The total fund that had been allocated for these houses is Rs. 34,927 Cr.
Pradhan Matri Awas Yojana Investment 2016-17
In 2016-17 financial years the central government has approved more funds for the project. According to the new investment plan the government has given a nod to 2, 44, 267 urban houses and fund of Rs. 3, 634 Cr have been approved as the funds for the project. Ministry of Housing and Urban Poverty Alleviation has given thumb up to the proposal of more funds and houses in 11 different states for their benefits.
The new funding will be divided into three components under which the funds will be disbursed. The three components are as follows:
- Affordable Housing in Partnership: under this component total of 1, 24, 642 houses will be approved under this scheme.
- Beneficiary Led Construction: under this component total of 1, 15, 989 houses will be approved under the scheme.
- In-Situ Slum Redevelopment: under this component total of 3,636 houses will be approved under the scheme.
Total of Rs. 16,641 Cr has been approved for more than 2 lakh houses in current financial year under this scheme. So far in last one year the total of Rs. 51, 568 Cr has been approved for total number of 9, 27, 991 houses for the economically weaker section in urban area in 20 states across the country.
State wise Approval for PMAY (Urban)
|States||Total Approved Houses||Affordable Housing in Partnership||Beneficiary Led Construction||In-Situ Slum Redevelopment|
|Jammu & Kashmir||683||683|