Telangana government to link PMAY-U under 2BHK scheme

Telangana government to link PMAY-U under 2BHK scheme
19/09/2019 , by , in News/Views

The Telangana government has decided to dovetail the Pradhan Mantri Awas Yojana-Urban (PMAY-U) under the 2BHK scheme with the two-bedroom scheme of the state government.

Out of the unit cost of Rs 5.30 lakh, an amount of Rs 1.50 lakh will be sourced from funds to be received from the government of India under PMAY-U and the balance amount of Rs 3.80 lakh from the state government budget.

“The government is looking at synergy in the housing scheme,” officials said. The budget outcome for the housing department for 2019-20 introduced in the assembly on Monday said the government was targeting to complete 1,54,308 houses with a budget provision of Rs 108.18 crore.

In the current financial year, it has been decided to complete 20,213 houses, including those sanctioned earlier under the two-bedroom housing programme in rural areas, at a budget provision of Rs 100 crore. The state will raise loans from Hudco and other financial institutions to meet the expenditure.

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