PM Awas Yojana will get further Rs 13,000 crore to satisfy the calls for of the states

The Rs 13,000 crore tranche is greater than the Rs 20,000 crore outlay offered for PMAY-G within the Union Budget 2022-23.

The authorities has set a goal of developing 52.78 lakh homes underneath the scheme in 2022-23.

In the primary seven months (April-October 2022), the agricultural growth ministry has utilized Rs 16,785 crore – about 84 per cent – out of Rs 20,000 crore underneath the PMAY-G scheme. Other schemes of the ministry resembling PMGSY (Pradhan Mantri Gram Sadak Yojana), which has virtually the identical budgetary allocation (Rs 19,000 crore), have been capable of make the most of solely 40 per cent, and the National Rural Livelihoods Mission (NRLM) is ready to make the most of solely 25 per cent. capable of. identical interval. Under NREGA, a demand-based rural employment assure scheme, 74 per cent of the allotted funds have been utilized within the first seven months.

With a number of states looking for further funds for development of rural homes, the finance ministry was approached in June for added allocation. On June 8, 2022, Rural Development Secretary, Nagendra Nath Sinha wrote to Finance Secretary TV Somanathan, highlighting that the budgetary allocation of Rs 20,000 crore is “sufficient” to satisfy the “expected” demand of states and union territories. was not. To assemble 52.78 lakh rural homes underneath PMAY-G through the 12 months, the Indian Express has discovered. Sinha requested him to provide an extra Rs 28,422 crore.

Under PMAY-G, the beneficiary is offered monetary help of Rs 1.20 lakh within the plains and Rs 1.30 lakh within the hilly states. As per the scheme tips, the monetary burden of implementation of the scheme is shared by the Center and the State within the ratio of 60:40 in plain areas and 90:10 for hilly States (Special Category States together with 8 North Eastern States, Himachal ) Pradesh, Uttarakhand and Jammu and Kashmir). In Union Territories together with Ladakh, the Center bears 100 per cent of the expenditure on the implementation of the Rural Housing Scheme.

The current NDA authorities, in its first time period, had restructured the erstwhile Rural Housing Scheme and launched PMAY-G from 1 April 2016 with an purpose to supply “Housing for All” by 2022. Target of development of two.95 crore PMAY-G homes have been constructed by March 2024, out of which 2.07 crore rural homes have been constructed.

“In fact, the target of constructing 2.02 crore rural houses by August 15, 2022 under PMAY-G has been achieved,” a supply mentioned.

To meet the goal of March 2024, 52.78 lakh homes are to be constructed in 2022-23 and 57.34 lakh homes within the monetary 12 months 2023-24. As per the estimates of the Ministry of Rural Development, a central share of Rs 48,422 crore could be required to satisfy the goal of 52.78 lakh homes in 2022-23. However, solely Rs 20,000 crore was allotted within the Budget 2022-23.

Budget paperwork present that out of Rs 20,000 crore, solely Rs 15,999.99 crore was allotted for the plan element, whereas Rs 4,000 crore was put aside for curiosity funds to NABARD as additional budgetary assets.

Sinha once more wrote to Somanathan on October 18, 2022, and highlighted that the budgetary allocation of PMAY-G has at all times been “much less than the funds required every year” and would require at the very least Rs 15,000 crore earlier than the following supplementary calls for from him. requested to supply. Grants in order that the central share could be launched to the states. The Finance Ministry lastly knowledgeable the MoRD on October 31, 2022 concerning the approval of an advance of Rs 13,000 crore from the Contingency Fund of India.