Union Govt. to invest Rs.51,568 cr in affordable housing
Central Government has approved an additional investment of Rs.16,641 cr for affordable housing for construction of 2,44,267 houses for urban poor under Pradhan Mantri Away Yojana (Urban) during the first four months of this financial year. The Ministry of Housing & Urban Poverty Alleviation approved these proposals for the benefit of urban poor in 11 States.
Central assistance of Rs. 3,634 cr has been approved for construction of these houses under three components of the urban housing mission viz,, Affordable Housing In Partnership (1,24,642 houses), Beneficiary Led Construction (1,15,989) and In-Situ Slum Redevelopment (3,636 houses).
With these approvals, a total investment of Rs.51,568 cr has so far been approved for construction of 9,27,991 houses for Economically Weaker Sections (EWS) in urban areas in 20 States under PMAY (Urban) which was launched in June last year.
Central assistance of Rs.12,604 cr will be provided for construction of these houses. During the last financial year (2015-16), 6,83,724 houses were approved for the urban poor in 18 States with a total investment of Rs. 34,927 cr