The Prime Minister, Shri Narendra Modi, has said that the decision of 3 crore additional rural and urban houses under Pradhan Mantri Awas Yojana (PMAY) underscores the government\u2019s commitment to addressing the housing needs of our nation and ensuring that every citizen leads a better quality of life.<\/p>\n\n\n\n
The PMO said after being sworn in as the Prime Minister for the 3rd time, Modi signed his first file<\/strong> authorizing the release of the 17th installment<\/strong> of PM Kisan Nidhi<\/strong>. Both decisions were taken before the official announcement of portfolios to newly inducted ministers, showing the Prime Minister\u2019s imprimatur on issues related to farmers<\/strong> and the poor<\/strong>.<\/p>\n\n\n\n Under the PMAY-G<\/strong>, each beneficiary gets funds up to Rs 1.2 lakh<\/strong> in the plains and Rs 1.3 lakh<\/strong> in hilly states, difficult areas, and tribal and backward districts under the Integrated Action Plan (IAP). It is also learnt that the Centre has decided to increase the assistance<\/strong> provided to the beneficiaries under the PMAY-G by about 50 percent<\/strong>.<\/p>\n\n\n\n The sources said the Centre has decided to increase the cost of construction of the PMAY-G house from the existing Rs 1.2 lakh to Rs 1.8 lakh<\/strong> in the plains and Rs 1.3 lakh to Rs 2 lakh<\/strong> in the hilly areas.<\/p>\n\n\n\n These additional 2 crore PMAY-G houses<\/strong> will be over and above the 2.95 crore houses<\/strong> sanctioned under the rural scheme since its inception in 2016. Of these 2.95 crore, 2.61 crore<\/strong> have been built under the PMAY-G till date.<\/p>\n\n\n\n The Centre and states share expenses in a 60:40 ratio<\/strong> in case of plain areas and a 90:10 ratio<\/strong> for northeastern states, two Himalayan states, and the UT of Jammu and Kashmir. The Centre bears 100 percent<\/strong> cost in case of other Union Territories, including the UT of Ladakh.<\/p>\n\n\n\n Presenting the Interim Budget for 2024-25, Finance Minister Nirmala Sitharaman<\/strong> had announced that 2 crore more houses<\/strong> will be built under PMAY-G in the next five years. In her budget speech 2024-25, Sitharaman said despite the challenges due to Covid-19<\/strong>, implementation of PM Awas Yojana (Gramin) continued, and the government was close to achieving the target of 3 crore houses<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" The Prime Minister, Shri Narendra Modi, has said that the decision of 3 crore additional rural and urban houses under Pradhan Mantri Awas Yojana (PMAY) underscores the government\u2019s commitment to addressing the housing needs of our nation and ensuring that every citizen leads a better quality of life. PM\u2019s First Decision After Swearing-in The PMO […]<\/p>\n","protected":false},"author":419,"featured_media":167787,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5239],"tags":[60],"offerexpiration":[],"class_list":["post-167777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-june-2024","tag-government-schemes-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/167777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=167777"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/167777\/revisions"}],"predecessor-version":[{"id":167788,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/167777\/revisions\/167788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/167787"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=167777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=167777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=167777"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=167777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Increased Assistance for PMAY-G Beneficiaries<\/h2>\n\n\n\n
Additional Homes Over and Above Existing Targets<\/h2>\n\n\n\n
Centre-State Cost-Sharing<\/h2>\n\n\n\n
Interim Budget Announcement and Future Targets<\/h2>\n\n\n\n