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Centre approves Rs.9,005 Cr. investment for affordable housing in three states

Centre approves Rs.9,005 Cr. investment for affordable housing in three states
30 April 2016 Current Affairs: Ministry of Housing & Urban Poverty Alleviation has approved an investment of Rs.9,005 cr for construction of 73,205 more houses for Economically Weaker Sections in urban under Prime Minister’s Awas Yojana in the States of 

  1. Maharashtra

  2. Punjab 

  3. Jammu & Kashmir


Maharashtra : Maharashtra has been sanctioned a total of 71,701 houses in 10 cities at a total project cost of Rs.8,932 cr with Central Assistance of Rs.1,064 cr. Houses sanctioned include -61,946 under Affordable Housing in Partnership (AHP), 7,399 for Beneficiary Led Construction (BLC) and 2,356 for In-situ Slum Redevelopment.  Houses sanctioned city-wise in Maharashtra are: Virar-61,946, Kalyan-30,378, Thane-8,184, Gothegar-3,822 and the rest in Mumbai Metropolitan Region areas of Wave, Palghar, Pen, Nilaje Pada, Raygad and Kelawali. 

Punjab : For Punjab, construction of 1,280 houses for In-Situ Slum Redevelopment in Bhatinda was approved with a total investment of Rs.57 cr for which central assistance of Rs.12.80 cr was sanctioned. 

Jammu & Kashmir : For Jammu & Kashmir, construction of 224 houses under Beneficiary Led Construction component of PMAY (Urban) has been approved with a total investment of Rs.16.07 cr with central assistance of Rs.3.36 cr. This includes construction of 141 houses in Udhampur and 83 in Baramullah. 

Pradhan Mantri Awas Yojana : The Government of India took a major step towards ensuring that people can get a house within their financial capability. Prime Minister Narendra Modi launched a nationwide scheme known as Pradhan Mantri Awas Yojana. Previously known as Housing for All scheme, this Yojana comes with a bold vision of providing affordable housing solutions for all Indian citizens.Launched on June 25, 2015, the primary aim for this Yojana is to ensure that 2 crore houses are built across nation’s length and breadth. The estimated completion year for the scheme is 2022, which means that these 2 crore homes will be constructed over a period of 7 years.


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