PMAY Scheme: Union Government to sanction all 1.12 Crore Affordable Homes Soon

PMAY Scheme: Union Government to sanction all 1.12 Crore Affordable Homes Soon

In the ongoing question hour during the winter session of Parliament, Hardeep Singh Puri, Union Minister for Housing and Urban Affairs informed about sanctioning more affordable homes.

While replying to a question on the PMAY Scheme, Minister said, “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.”

Union Minister further said that the actual demand was for 1 crore residential units under the PMAY Scheme i.e. Pradhan Mantri Aawas Yojna by March 2022. The Government offered possession of 32 lakh affordable homes and 60 lakhs dwelling units are currently being constructed. These units will be ready for possession in the next 12-18 months as the work is going at a fast pace.

The number of affordable homes offered to the beneficiaries will increase to 60 Lakhs soon. The Narendra Modi-led Union Government launched the Pradhan Mantri Aawas Yojna [PMAY Scheme]in 2015 and is working towards the successful completion of the program by March 2022. The aim of Housing for All is set to be achieved by offering dwelling units under PMAY Rural and Urban Scheme.

The Government also offers a subsidy to the homebuyers falling under the Economically Weaker Section, Low-Income group and Middle-Income group. PMAY is the biggest housing scheme in the world as it envisions to offer Pucca home to crores of people in India.

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