Prime Minister Narendra Modi led Union Cabinet on Wednesday (8 December) approved the continuation of Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) till March 2024.
“The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today has approved the proposal of the Department of Rural Development for continuation of Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) beyond March 2021,” an official release said.
The Cabinet approved “continuation of PMAY-G beyond March 2021 till March 2024 as per the existing norms to complete remaining houses within a cumulative target of 2.95 crore houses”.
The government wil provide financial assistance for the construction of the remaining 155.75 lakh houses, as on 31st March, 2021 under the scheme within total target of 2.95 crore houses.
The total financial implication for construction of the remaining 155.75 lakh houses is Rs 2,17,257 crore (central share Rs 1,25,106 crore and state share Rs 73,475 crore) for achieving cumulative targets of 2.95 crore houses in rural areas under the PMAY-G and an additional requirement of Rs 18,676 Crore towards the interest repayment to NABARD, the release said.
According to the release, the continuation of scheme till March 2024 ensures that the remaining 155.75 lakh households within overall target of 2.95 crore houses under PMAY-G would be provided assistance for construction of pucca houses with basic amenities to achieve the objective of “Housing for All” in rural areas.
As on 29 November 2021, 1.65 crore PMAY-G houses have been constructed out of the total target of 2.95 crore, the release said.
“It is estimated that 2.02 crore houses, which is almost equal to SECC 2011 database based Permanent Wait List will be completed by the deadline of 15th August 2022. Therefore, to achieve the total target of 2.95 crore houses, the scheme need to be continued till March, 2024,” the release added.