The Union Ministry of Housing and Urban Affairs on 25 February 2019 approved the construction of another 5,60,695 affordable houses for the benefit of urban poor under the Pradhan Mantri Awas Yojana (Urban) (PMAY(U)).
With this, the cumulative number of houses sanctioned under the PMAY(U) now stands at 79,04,674. The approval was given during the 43rd meeting of the Central Sanctioning and Monitoring Committee.
Pradhan Mantri Awas Yojana (PMAY) or ‘Housing for all’ is a housing scheme for all the people who belong to lower income group, economically weaker section and Middle Income Group in India. Under PMAY (Urban), houses are being constructed in the urban areas, mainly the congested slums areas are converted into pucca or permanent houses for inhabitants and cover other people from LIG, EWS and MIG categories.
The total project cost approved under PMAY (U) stands at Rs. 2.81 lakh crore with a Central Assistance of Rs. 77,934 crore. The scheme aims to provide 2 crore houses across the nation’s length and breadth. The scheme is estimated to be completed by 2022.
Till now, the PMAY (U) mission has achieved a significant milestone of approving 73 Lakh houses against a demand of about 1 Crore houses in urban areas. Out of these, around 39 Lakh houses are at various stages of construction and around 15 Lakh houses have already been completed.