Budget 2022: 80 Lakh Houses To Be Completed In FY23 Under PM Awas Yojana; Rs 48,000 Crore Allocated

by PTI - Feb 1, 2022 02:05 PM +05:30 IST
Budget 2022: 80 Lakh Houses To Be Completed In FY23 Under PM Awas Yojana; Rs 48,000 Crore AllocatedAffordable Rental Housing Complexes (ARHC) project, is a sub-scheme under Pradhan Mantri Awas Yojana (Urban) (representative image)

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday announced allocation of whopping Rs 48,000 crore for completion of 80 lakh houses under the Pradhan Mantri Awas Yojana (PMAY), both rural and urban, during the next fiscal year.

In her budget speech, the minister said: 'In 2022-23, 80 lakh houses will be completed for the identified eligible beneficiaries of PM Awas Yojana, both rural and urban. Rs 48,000 crore is allocated for this purpose.'

The Centre would work with states for reduction of time required for all land and construction related approvals, for promoting affordable housing for middle-class and Economically Weaker Sections (EWS) in urban areas, she said.

'We shall also work with the financial sector regulators to expand access to capital along with reduction in cost of intermediation,' the minister said.

For better land records management, Sitharaman said the states will be encouraged to adopt Unique Land Parcel Identification Number to facilitate IT-based management of records.

'The facility for transliteration of land records across any of the Schedule VIII languages will also be rolled out,' she said.

The adoption or linkage with National Generic Document Registration System (NGDRS) with the 'One-Nation One-Registration Software' will be promoted as an option for uniform process for registration and 'anywhere registration' of deeds and documents.

On Monday, the Economy Survey highlighted that 33.99 lakh houses were completed in 2020-21 and 26.20 lakh units as on November 25, 2021 under the Pradhan Mantri Awas Yojana - Gramin (PMAY-G) programme.

For the Pradhan Mantri Awas Yojana - Urban (PMAY-U), the survey noted that 14.56 lakh houses were completed in FY21. In 2021-22, 4.49 lakh houses were completed till December 2021.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments ↓
Get Swarajya in your inbox everyday. Subscribe here.
Advertisement

Latest Articles

    Artboard 4Created with Sketch.