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Komal gupta

08/12/21 09:20 AM IST

Source: PIB

Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) extended March 2024

In News

Cabinet approves continuation of Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) beyond March 2021 till March 2024.

About PMAY-G

  • Continuation of PMAY-G beyond March 2021 till March 2024 as per the existing norms to complete remaining houses within a cumulative target of 2.95 crore houses.
  • The total financial implication for construction of the remaining 155.75 lakh houses is Rs. 2,17,257 crore (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. 

Benefits:

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

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