NEW DELHI: The Centre has approved construction of around 84,500 more affordable houses for the urban poor in five states, including West Bengal and Punjab, with a total investment of Rs 3,073 crore, of which central assistance will be the tune of Rs 1,256 crore.
"The Ministry of Housing and Urban Poverty Alleviation has approved construction of 84,460 more affordable houses for the urban poor under Pradhan Mantri Awas Yojana (Urban) in five states with a total investment of Rs 3,073 crore for which central assistance of Rs 1,256 crore has been approved," an official release said.
To be built under the 'Beneficiary Led Construction' component of PMAY (Urban), West Bengal has been sanctioned 47,379 houses with a total investment of Rs 1,918 crore, while Punjab has got 15,209 houses with an investment of Rs 424 crore.
Jharkhand has been sanctioned 12,814 houses at a total cost of Rs 464 crore, Kerala got 5,968 houses with Rs 179 crore investment, while Manipur, for the first time, has got 3,090 houses approved for construction with a total investment of Rs 88 crore.
Under the 'Beneficiary Led Construction' component of PMAY (Urban), each eligible beneficiary belonging to economically weaker sections is provided central assistance of Rs 1.50 lakh for expansion or upgradation of existing house as per the guidelines.
With the latest nod, a total of 10,95,804 affordable houses have been approved in the last one year under PMAY (Urban) with a total investment of Rs 62,740 crore, for which central assistance of Rs 16,289 crore has been approved, the release said.SOURCE: ETRealty
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