Business Standard

Rural housing scheme gathers pace to ease note ban pain

Almost 3.3 million houses awaiting completion under the IAY will be built by the end of 2016-17

New process to check, finance central schemes from FY18
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Sanjeeb Mukherjee
The Centre has swung into action to build 14.3 million houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-Gramin) by 2018-19, 30 per cent more than planned earlier, after having touched the low point of constructing 32 demonstration houses under the scheme.

The 14.3 million include some in the Indira Awas Yojana (IAY), the predecessor scheme. The construction will be monitored and timeline-based to ease the pain of demonetisation. Almost 3.3 million houses awaiting completion under the IAY will be built by the end of 2016-17, and 5.5 million each in 2017-18 and 2018-19 under the PMAY-Gramin.

Officials said completing the construction within

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