Centre approves Rs 1 lakh crore for housing of urban poor

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housingMinistry of Housing and Urban Poverty Alleviation has sanctioned 1,00,537 more houses for urban poor under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs.4,200 crore taking the total investment so far approved to Rs 1,00,466 crore.

This is 307% more than the investment approved of Rs.32,713 cr during 2004-14 for affordable housing in urban areas, an official statement said.

            With the latest sanctions, the Ministry has so far approved construction of 18,75,389 houses for economically weaker sections under PMAY(Urban) in 2,151 cities and towns in 34 States/Union Territories as against 13.80 lakh houses sanctioned during 2004-15 with an approved investment of Rs.32,009 crore.

            The total investment approved so far includes central assistance of Rs.29,409 crore, assistance from State Governments and beneficiary contribution.

            In the latest sanctions, Madhya Pradesh got 57,131 houses, Tamil Nadu-24,576, Manipur-6,231, Chhattisgarh-4,898, Gujarat-4,261, Assam-2,389, Kerala-643, Jharkhand-331 and Daman & Diu-77.

            With total houses sanctioned of 2,66,842, Madhya Pradesh has emerged the leader for the first time  in approvals under PMAY(Urban) with a total investment of Rs.18,283 crore. Tamil Nadu is second with 2,52,532 houses with a total project cost of Rs.9,112 cr.

            Of the total houses so far sanctioned, 10,65,058 were under the beneficiary led construction component of PMAY(Urban) wherein beneficiaries undertake new construction or enhancement of existing houses for which central assistance of Rs.1.50 lakh each is provided. 5,87,115 have been sanctioned under affordable housing in partnership under which state governments provide land/financial assistance for housing projects for which central assistance of Rs.1.50 lakh each is given per beneficiary.

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