Union Cabinet Approves Extension of PMAY-Urban till the End of 2024
HY News
11 August, 2022 02:54 pm IST
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The Union Cabinet on Wednesday approved the continuation of Pradhan Mantri Awas Yojana (Urban) till December 2024, a statement stated.
The "Housing for All Mission" was supposed to finish by March 2022. The scheme was to construct pucca houses for all eligible urban beneficiaries by then.
However, at the request of states and Union territories, the Union Cabinet, chaired by Prime Minister Narendra Modi, decided to extend the implementation period of PMAY-Urban till December 31, 2024, the statement stated.
In 2017, the originally projected demand was 100 lakh houses. Against this demand, 102 lakh houses have been grounded/under construction, the statement said.
Further, out of the total sanctioned 123 lakh houses, the proposals of 40 lakh houses require another two years to complete," the government said in the statement.
Therefore, based on the requests from the states and UTs, Union Cabinet decided to extend the implementation period of PMAY-U till December 31.
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