Cabinet approves continuation of Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) till March 2024

Cabinet approves continuation of Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) till March 2024

New Delhi, December 9, 2021

The Union Cabinet on Wednesday approved the proposal of the Department of Rural Development for the continuation of Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) beyond March 2021 with financial assistance to be provided for the construction of the remaining 155.75 lakh houses, as on March 31, 2021, under the scheme for a total target of 2.95 crore houses.

The total financial implication for construction of the remaining houses is Rs 2,17,257 crores (Central Share Rs.1,25,106 crore and State Share Rs.73,475 crores) for achieving cumulative targets of 2.95 crore houses in rural areas under the PMAY-G and an additional requirement of Rs 18,676 crore towards the interest repayment to NABARD.

The phasing out of EBR and provision of entire scheme funding through Gross Budgetary Support (GBS) will be decided in consultation with the Ministry of Finance. Release of additional Rs 45 lakh administrative funds annually will be from the Central share of administrative funds (0.3% out of a total administrative fund of 2%) to each of the smaller States, Himachal Pradesh, Haryana, Goa, Punjab, Uttarakhand, the NE States except for Assam and Tripura and all UTs except J&K over and above 1.70 % administrative funds released to said States/UTs.

The Programme Management Unit (PMU) and National Technical Support Agency (NTSA) will continue till FY 2023-24.

The continuation of the scheme till March 2024 ensures that the remaining 155.75 lakh households within the overall target of 2.95 crore houses under PMAY-G would be provided assistance for the construction of Pucca houses with basic amenities to achieve the objective of “Housing for All” in rural areas.

As of November 29, 2021, 1.65 crore PMAY-G houses have been constructed out of the total target of 2.95 crores. It is estimated that 2.02 crore houses, which is almost equal to SECC 2011 database based Permanent Wait List will be completed by the deadline of August 15, 2022. Therefore, to achieve the total target of 2.95 crore houses, the scheme needs to be continued till March 2024, an official release said.

NNN

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