Bihar Assembly Passes Rural Development Budget Demands
ECONOMY & POLICY

Bihar Assembly Passes Rural Development Budget Demands

The Bihar Assembly on Saturday passed budgetary demands of the Rural Development Department for the financial year 2026-27 amounting to Rs 237.01 billion (bn). The figure is expressed in international units to assist public comprehension and will fund the department's programmes through the year.

Replying to the debate on the budgetary demands, the Rural Development and Transport Minister Shrawan Kumar outlined that the government is prioritising completion of houses for poor families and creating employment opportunities through various schemes. The minister indicated that schemes will address both construction and livelihood components and that resources have been allocated to accelerate ongoing projects. He added that targeted interventions will focus on rural areas with acute need.

The minister stated that nearly two million (mn) people have applied online for houses under the Pradhan Mantri Awas Yojana (PMAY). Based on surveys conducted in line with directions of the Central government, a list of about 10.4 mn eligible beneficiaries has been prepared for housing assistance. The beneficiary list is intended to guide allocation of housing support and to ensure that subsidies reach intended recipients.

The release did not furnish a detailed account in the public text and indicated that further particulars were available only to logged in users, limiting immediate public access to comprehensive figures. The passage of the demands is expected to enable the department to proceed with procurement, contractor engagement and beneficiary selection for the coming financial year.

The department will proceed with operational planning and implementation in accordance with approved funds and regulatory requirements, and it will provide periodic updates as schemes advance and funds are disbursed. This action follows standard legislative procedure and is aimed at accelerating housing delivery and rural employment generation.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Bihar Assembly on Saturday passed budgetary demands of the Rural Development Department for the financial year 2026-27 amounting to Rs 237.01 billion (bn). The figure is expressed in international units to assist public comprehension and will fund the department's programmes through the year. Replying to the debate on the budgetary demands, the Rural Development and Transport Minister Shrawan Kumar outlined that the government is prioritising completion of houses for poor families and creating employment opportunities through various schemes. The minister indicated that schemes will address both construction and livelihood components and that resources have been allocated to accelerate ongoing projects. He added that targeted interventions will focus on rural areas with acute need. The minister stated that nearly two million (mn) people have applied online for houses under the Pradhan Mantri Awas Yojana (PMAY). Based on surveys conducted in line with directions of the Central government, a list of about 10.4 mn eligible beneficiaries has been prepared for housing assistance. The beneficiary list is intended to guide allocation of housing support and to ensure that subsidies reach intended recipients. The release did not furnish a detailed account in the public text and indicated that further particulars were available only to logged in users, limiting immediate public access to comprehensive figures. The passage of the demands is expected to enable the department to proceed with procurement, contractor engagement and beneficiary selection for the coming financial year. The department will proceed with operational planning and implementation in accordance with approved funds and regulatory requirements, and it will provide periodic updates as schemes advance and funds are disbursed. This action follows standard legislative procedure and is aimed at accelerating housing delivery and rural employment generation.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement