Govt To Construct 3 Crore Additional Houses in Rural and Urban Areas under PMAY
Moneylife Digital Team 11 June 2024
The Union Cabinet has decided further to expand the Pradhan Mantri Awas Yojana (PMAY) and construct three crore additional houses in rural and urban areas. This was the first meeting of the Union Cabinet of Modi 3.0 government. 
Calling the decision as a boost for ease of living and dignity for crores of Indians, prime minister (PM) Narendra Modi, in a post on X (erstwhile Twitter), says, "This decision underscores the government's commitment to addressing the housing needs of our nation and ensuring that every citizen leads a better quality of life. The expansion of PMAY also highlights our government's commitment to inclusive growth and social welfare."
The Indian government has been implementing PMAY since FY15-16 to assist eligible rural and urban households in constructing houses with basic amenities. Under PMAY, over the past 10 years, a total of 42.1mn (million) houses have been completed for eligible low-income families under the housing schemes.
All the houses constructed under PMAY are provided with other basic amenities such as household toilets, lpg connection, electricity connection, and functional household tap connection through convergence with other schemes of the Union government and state governments.
Separately, PM Modi sanctioned the release of about Rs20,000 crore for nearly 93mn farmers.

In a statement, the PM says, “Ours is a government fully committed to kisan kalyan (farmers’ welfare). It is, therefore, fitting that the first file signed on taking charge is related to farmer welfare. We want to keep working even more for farmers and the agriculture sector in the times to come."
6 days ago
Can you indicate the Co's that will be likely benefitted by this project order ?
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