PM gives sanction letters to 32,000 PMAY-Gramin beneficiaries online

16 Sep 2024 CW Team

Prime Minister Narendra Modi on Sunday virtually distributed sanction letters to 32,000 beneficiaries under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) and released the first installment of Rs 320 million for house construction. Additionally, he virtually handed over keys to 46,000 PMAY-G beneficiaries nationwide.

As part of his commitment to "housing for all", the Prime Minister participated in the 'Griha Pravesh' celebrations of 46,000 beneficiaries and released the first installment of assistance to 32,000 beneficiaries from Jharkhand. The central government has approved 1,13,400 houses for the poor in Jharkhand under the PMAY-G scheme.

Addressing the beneficiaries virtually from Ranchi, Modi highlighted that the first installment of PMAY-G would ensure pucca houses for thousands of beneficiaries. He also mentioned that additional facilities such as toilets, drinking water, electricity, and gas connections are provided along with PMAY-G.

Modi emphasised the importance of homeownership, stating, "When a family gets its own house, their self-confidence increases." He also noted that the PM Awas Yojana is creating thousands of jobs in villages and cities across Jharkhand. The Prime Minister also discussed the PM-Janman scheme, aimed at reaching out to tribal communities still lagging behind, by providing essential facilities like houses, roads, electricity, and education.

Apologising for his inability to attend the event in person due to poor weather conditions, Modi explained that he had to inaugurate and lay the foundation stones for the projects via video conferencing. The Prime Minister is on a three-day visit to Jharkhand, Gujarat, and Odisha, where he is set to launch projects worth more than Rs 124.6 billion.

(ET)

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..