News Nation Logo

Pradhan Mantri Awas Yojana: Government aspires to build 12 lakh houses in 2017-18

According To A Senior Government Official, Under PMAY (Urban), The Centre Targets Construction Of 26 Lakh Houses In 2018-19, 26 Lakh In 2019-20, 30 Lakh In 2020-21 And 29.80 Lakh In 2021-22.

News Nation Bureau | Edited By : Rahul Mishra | Updated on: 22 May 2017, 09:22:52 PM

New Delhi:

The government aims to construct nearly 12 lakh houses under Pradhan Mantri Awas Yojana (Urban) in 2017-18, although only1.49 lakh houses were built under the scheme in 2016-17. According to a senior government official, under PMAY(Urban), the Centre targets construction of 26 lakh houses in 2018-19, 26 lakh in 2019-20, 30 lakh in 2020-21 and 29.80 lakh in 2021-22.

The official said the delay in land acquisition is the main reason behind the laggardly implementation of the government's flagship scheme PMAY (Urban).

"So far, the proposal for construction of 18.76 lakhs houses have been sanctioned, and funding for construction of13.06 lakh houses has been issued.

ALSO READ: Tenure of loans under CLSS of Pradhan Mantri Awas Yojana increased to 20 years

But, due to delay in land acquisition, only 1.49 lakh houses have been completed underPMAY (Urban) in 2016-17," the official said.

The government had launched the Pradhan Mantri AwasYojana (Urban) in June 2015, aiming to ensure housing for all by 2022. 

READ: Application for Pradhan Mantri Awas Yojana starts today. Know how to apply online

For all the Latest India News, Download News Nation Android and iOS Mobile Apps.

First Published : 22 May 2017, 09:01:00 PM