Govt to sanction all 11.2 mn houses under PMAY by next month, says Puri

The initial demand was to sanction and construct 1 crore houses by March 2022

PMAY
Representative Image
Press Trust of India New Delhi
1 min read Last Updated : Feb 05 2020 | 9:26 PM IST

The government will sanction the entire 1.12 crore houses under the Pradhan Mantri Awas Yojana (PMAY) by next month, Union Housing and Urban Affairs Minister Hardeep Singh Puri said in Rajya Sabha on Wednesday.

"A revised demand assessment was made and now the demand is for 1.12 crore houses. I am sure we can meet that in terms of sanctioning in the next month or so," he said during the Question Hour in the Upper House.

The initial demand was to sanction and construct 1 crore houses by March 2022, he said.

The Minister informed that so far, 32 lakh houses have been handed over to beneficiaries, while 60 lakh units are under construction that will be ready in next 12-18 months.

"This figure (handing over) will rise quickly as 60 lakh homes are at a very rapid stage of completion," he added.

The government has been implementing PMAY (Urban) and PMAY (Gramin) since June 2015 and April 2016 respectively for eligible beneficiaries in respective areas of intervention.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :PMAYPMAY schemePradhan Mantri Awas Yojana

First Published: Feb 05 2020 | 8:48 PM IST

Next Story