Centre speeds up affordable housing

Centre has approved construction of 90,095 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana.

Published: 20th February 2017 08:21 PM  |   Last Updated: 20th February 2017 08:21 PM   |  A+A-

By Express News Service

NEW DELHI: Centre has approved construction of 90,095 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs.5,590 crore and central assistance of Rs.1,188 crore.

With this, construction of a total number of 16,51,687 affordable houses has been sanctioned so far under PMAY with a total investment of Rs.89,072 crore with central assistance of Rs.25,819 crore.

In the latest approval, Madhya Pradesh has been sanctioned 82,262 houses in 49 cities and towns with an investment of Rs.5,260 crore with central assistance of Rs.1,071 crore. Jammu and Kashmir got 4,915 houses in 24 cities and towns with an investment of Rs.240 crore and central assistance of Rs.74 cr. Similarly, Dadra and Nagar Haveli’s capital Silvassa has been sanctioned 803 affordable houses with an investment of Rs.26 crore and central assistance of Rs.12 crore.

The approval accorded on Monday was for construction of 46,823 new houses under the beneficiary led construction (BLC) component of PMAY (Urban), enhancement of 773 houses in Jammu and Kashmir under BLC and building 42,499 new houses in Madhya Pradesh under affordable housing in partnership (AHP) component.

In Madhya Pradesh, another 39,763 new houses will be built under BLC component under which an eligible beneficiary is assisted to build a house on the land owned by him or her. With this, the total number of affordable houses approved for Madhya Pradesh under PMAY(Urban) has increased to 1,87,135 and for Jammu & Kashmir to 5,864.

Officials said that under BLC and AHP components of PMAY (Urban), central assistance of Rs.1.50 lakh is provided for each beneficiary.

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