Govt disbursed Rs 41,415 cr interest subsidy under PMAY-U

09 Feb 2022 CW Team

The central government has disbursed an interest subsidy of Rs 41,415 crore to 17.68 lakh beneficiaries under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) scheme.

The PMAY-U scheme was launched by PM Narendra Modi in June 2015, which aims to ensure housing for all by 2022 by providing financial assistance to all beneficiaries.

Minister of Housing and Urban Affairs (MoHUA), Hardeep Singh Puri, said that the subsidy of Rs 5,320 crore has been disbursed till now under the Credit Linked Subsidy Scheme (CLSS) in FY22.

He said that during FY 21-22, Rs 8,000 crore was allocated for the PMAY-U scheme in Budget Estimates (BE), which has now enhanced to Rs 27,000 crore, including Rs 12,000 crore for the CLSS component at the Revised Estimates (RE) stage in consultation with the Ministry of Finance (MoF).

The Ministry supplements the efforts of the states and Union Territories (UTs) for providing housing to all the eligible beneficiaries in India.

The PMAY-U was launched, focusing on providing central assistance to the states, UTs and Central Nodal Agencies (CNAs) for providing housing to all the eligible beneficiaries in the urban areas till 31 March 2022.

For the Smart Cities Mission (SCM), the government has invested Rs 3,013.73 crore to slum redevelopment projects so far under the SCM.

The SCM projects include slum redevelopment, proposed and implemented by the cities following the Smart City Plans (SCPs).

Image Source

Also read: Govt supports states and UTs under PMAY-U

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..