Extension of Rural housing scheme, to cost Rs.2.17 lakh crore in 3 years. As many as 1.56 crore houses will be constructed for the next three years.
With the Center running bogged down in its arrangement to give pucca houses to poor families of 2.95 crores by 2022 in rural regions, the Union Cabinet on Wednesday supported the continuation of Pradhan Mantri Awaas Yojana- Gramin (PMAY-G) past March 2021, till March 2024, at an expected expense of Rs.2.17 lakh crore.
Out of the assessed cost, the Center’s portion will be Rs 1,25,106 crore and the states’ portion Rs.73,475 crore. Also, Rs.18,676 crore will be allotted towards the premium reimbursement to the National Bank For Agriculture And Rural Development (NABARD).
To accomplish the goal of housing for all continuously 2022, Prime Minister Narendra Modi had dispatched the PMAY-G on November 20, 2016, intending to construct 2.95 crore houses with fundamental amenities.
With the scheme extension, the pucca house to be constructed will be 3.21 crore as against the underlying objective of 2.95 crores. Till November 29, 16.5 million PMAY-G houses had been developed, said the public authority.
By August 2022, the first cutoff time of the scheme, 20.2 million houses will be prepared, the government said in a statement delivered after the gathering led by Prime Minister Narendra Modi.
The public authority said that to finish the leftover houses, PMAY-G will proceed till March 2024 according to existing standards.
The Cabinet additionally gave its gesture to bring the off-financial plan subsidizing part of the scheme to the accounting report of the public authority, following the new government work to end such subsidizing of schemes that have been condemned by the Comptroller and Auditor General of India (CAG).
The point of the scheme that started in 2016 was to give an appropriate house to every single houseless individual or those families residing in purported kutcha houses. Families are chosen based on the financial and position registration of 2011, and local authority verified.
Independently, the cabinet chose to fund the execution of the inter-linking Ken-Betwa waterway project.
The absolute expense of the Ken-Betwa connect project has been evaluated at Rs.44,605 crore at 2020-21 value levels. The Union Cabinet has endorsed focal help of Rs.39,317 crore for the task, covering the award of Rs.36,290 crore and credit of Rs.3,027 crore.
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