Government Sanctions 1.23 Lakh Affordable Houses Under PMAY In 47th CSMC Meeting

Mumbai: On Thursday the Ministry of Housing and Urban Affairs has approved the construction of another  1.23 lakh more affordable housing for the benefit of urban poor under Pradhan Mantri Awas Yojana.

The approval was given in the 47th meeting of the Central Sanctioning and Monitoring Committee (CSMC) held here on Thursday, according to the official statement.

The CSMC has approved  630 Proposals, cumulative sanctions of houses under PMAY(U)-mission has achieved a milestone of than 90 lakh houses against the validated demand of 1.12 crore.

The committee from the government of India as central assistance will be Rs 1,805 crore.

The CSMC has approved  630 proposals from participating States for construction of 1.23 lakh houses with an overall investment of Rs  4,988 crore.

So far overall investment of Rs 5.54 lakh crore has been approved which includes Ra 3.01 lakh crore from the central and state governments while Rs 2.53 lakh crore as the private investment.

The central government has committed Rs 1.43 lakh crore of which Rs  57,758 crores has already been released.

MOHUA secretary Durga Shankar Mishra said, “53.5 lakh houses have been grounded for construction of which construction of more than 27 lakh houses has been completed.”

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