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

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

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

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

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?