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).

Next Story
Infrastructure Transport

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

Next Story
Infrastructure Transport

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

Next Story
Infrastructure Transport

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App