PMAY Urban
Image Source : FILE PHOTO Modi govt pledges Rs 18,000 crore additional outlay for PMAY-Urban

The Modi authorities has introduced an additional outlay of Rs 18,000 crore for the Pradhan Mantri Awas Yojana (Urban) Mission. According to the Ministry of Finance, it will assist floor 12 lakh homes and full 18 lakh homes.

In addition, it should create 78 lakh jobs and enhance manufacturing and sale of metal and cement, leading to multiplier impact on financial system.

“A sum of Rs 18,000 crore is being provided for PMAY- Urban over and above Rs 8000 Crore already allocated this year,” Finance Minister Nirmala Sitharaman stated on Thursday whereas asserting measures on AatmaNirbhar Bharat 3.0.

The Pradhan Mantri Awas Yojana was launched in 2015, a yr after BJP shaped the federal government underneath the management of Narendra Modi. The scheme intends to offer housing for all in city areas by yr 2022 with all fundamental facilities. The authorities has set a goal of constructing two crore inexpensive homes by 2022.

The authorities is engaged on to ship on Prime Minister Narendra Modi’s promise to offer a home for each Indian to mark 75 years of independence in 2022. According to the federal government information, 108.01 lakh homes have been sanctioned to date whereas 66.86 lakhs have been grounded. The authorities has efficiently accomplished the development work of 38.15 lakh homes.

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