+
Government disburses Rs.414.15 bn interest subsidy under PMAY-U
Real Estate

Government disburses Rs.414.15 bn interest subsidy under PMAY-U

The Central Government has disbursed an interest subsidy of Rs.414.15 bn to 17.68 lakh beneficiaries under the PMAY-U scheme. The PMAY-U scheme was launched by Prime Minister Narendra Modi in June 2015, with the aim to ensure 'housing for all by 2022' by providing financial assistance to all be...

The Central Government has disbursed an interest subsidy of Rs.414.15 bn to 17.68 lakh beneficiaries under the PMAY-U scheme. The PMAY-U scheme was launched by Prime Minister Narendra Modi in June 2015, with the aim to ensure 'housing for all by 2022' by providing financial assistance to all beneficiaries. Hardeep Singh Puri, Minister of Housing and Urban Affairs (MoHUA), has been reportedly quoted saying that the subsidy of Rs.53.2 bn has been disbursed as on date under the Credit Linked Subsidy Scheme (CLSS) in FY22. During financial year 2021-22, Rs.80 bn was allocated for the PMAY-U scheme in Budget Estimates, which has now enhanced to Rs.270 bn, including Rs.120 bn for the CLSS component at the Revised Estimates stage  in consultation with the Ministry of Finance (MoF).

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code