Business Standard

Govt boosts PMAY budget while previous targets only partially met

Centre has increased budget for housing scheme, although older targets haven't been met


Since 2016-17 (FY17), the budget for the Pradhan Mantri Awas Yojana (PMAY) - the flagship housing scheme of the government - has increased 280 per cent, from Rs 20,936 crore in the Revised Estimates of FY17 to Rs 79,590 crore in Union Budget 2023-24.

The targets for the number of houses to be built under this scheme are yet to be met.

PMAY is a housing scheme of the Union government, directed at providing affordable housing to the urban and rural poor.

PMAY (Gramin) is a rural housing scheme under the Ministry of Rural Development.

PMAY (Urban) is under the

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First Published: Feb 19 2023 | 9:09 PM IST

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