PM Awas Yojana to build over 29.5 mn rural homes by March

23 Feb 2024 CW Team

The government led by Narendra Modi would have completed the construction of over 37 million rural houses by March. This surpasses the approximately 32 million houses constructed over 29 years under the former Indira Awas Yojana, highlighting the government's emphasis on rural development.

According to the official, under the PM Awas Yojana (Gramin), the Modi government aims to finish the construction of 29.5 million houses by March, ensuring that every rural family has their own home. Additionally, the NDA government had built 7.6 million houses under the Indira Awas Yojana between 2014 and 2016, as mentioned by the source who preferred to remain anonymous.

The PMAY (Gramin) was launched in November 2016, replacing the earlier Indira Awas Yojana. The scheme involves the Centre covering 60% of the construction cost in most states, with state governments contributing the remainder. However, in north-eastern and hilly states, the Centre's contribution increases to 90%, and in Union territories, it reaches 100%.

Regarding women's economic participation, the rural development ministry plans to enhance the involvement of women through self-help groups (SHGs), according to the same source. The goal is to increase the number of women earning over Rs 0.1 million per year from the current 10 million to 30 million in the coming years. The ministry intends to implement measures that support women in achieving sustainable livelihoods.

The source also mentioned that the number of government-backed SHGs has surpassed nine million, compared to just 2.13 million in 2013-14. Additionally, the number of village organisations has risen from 88,105 in 2013-14 to 502,660.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..