Cabinet approves continuation of PMAY-Gramin till March 2024

NEW DELHI: The union cabinet, chaired by the prime minister Narendra Modi, has approved the proposal of the department of rural development for continuation of Pradhan Mantri Awas Yojana- Gramin (PMAY-G) beyond March 2021 till March
2024 as per the existing norms to complete remaining houses within a cumulative target of 2.95 crore houses.

Financial assistance is to be provided for the construction of the remaining 155.75 lakh houses, as on 31st March, 2021 under the scheme within total target of 2.95 crore houses. The total financial implication for construction of the remaining 155.75 lakh houses is Rs. 2,17,257 crore (central share Rs 1,25,106 crore and states share Rs 73,475 crore) for achieving cumulative targets of 2.95 crore houses in rural areas under the PMAY-G and an additional requirement of Rs.18,676 Crore towards the interest repayment to NABARD.

The phasing out of Extra Budgetary Resources (EBR) and provision of entire scheme funding through Gross Budgetary Support (GBS) shall be decided in consultation with the ministry of Finance. The cabinet also approved release of additional Rs 45 lakh administrative funds annually from the central share of administrative funds (0.3% out of total administrative fund of 2%) to each smaller state viz. Himachal Pradesh, Haryana, Goa, Punjab, Uttarakhand, the North East states except for Assam and Tripura and all UTs except Jammu & Kashmir over and above 1.70 % administrative funds released to said states/UTs. As on November 29, 2021, 1.65 crore PMAY-G houses have been constructed out of the total target of 2.95 crore. It is estimated that 2.02 crore houses, which is almost equal to SECC 2011 database based Permanent Wait List will be completed by the deadline of August 15, 2022. Therefore, to achieve the total target of 2.95 crore houses, the scheme need to be continued till March, 2024.