The Central Government has given the nod to the proposal tabled by the Department of Rural Development for the extension of the Pradhan Mantri Awas Yojana – Gramin (PMAY-Gramin) until March 2024.
In a significant move, the Union Cabinet, led by the Prime Minister, has cleared the proposal for extending the PMAY-Gramin scheme till March 2024. As mooted by the rural development department, the ambitious housing scheme will continue until March 2024. The proposal was moved to complete the target of 2.95 crore houses sanctioned under the said scheme, which suffered a hit post the outbreak of COVID-19 in 2020.
The total cost for constructing the remaining 155.75 lakhs in rural areas by March 2024 would be Rs 2.17 lakh crore. Out of the estimated budget, Rs 1.23 lakh crore would be contributed by the Union Government, while the remaining sum shall be the State’s contribution to the scheme.
As of now, 1.65 crore pucca houses have been built under PMAY-Gramin. By August 15, 2022, the target of completing 2.02 crore units is expected to be achieved. The extension would enable functionaries to achieve the cumulative target of 2.95 crore houses in rural areas of India