Cabinet approves extra-budgetary support for Pradhan Mantri Awas Yojana (Urban)
The Union Cabinet today approved extra-budgetary support for government’s flagship housing scheme Pradhan Mantri Awas Yojana (Urban), an official source said. Under the PMAY(U), the housing and urban affairs ministry targets construction of about 1.2 crore houses for the urban poor.The scheme got allocation at Rs 6,505 crore for Budget 2018-19 as compared to Rs 6,042.81 crore in 2017-18.
However, additional budgetary resources of Rs 25,000 crore was also proposed for the scheme to be raised outside the general budget. In urban areas, the assistance has been sanctioned for construction of over 39 lakh houses so far.