Government of India extends PMGAY-G till March 2024

Tags: National News

The Government of India has extended the Pradhan Mantri Awaas Yojana-Gramin(PMAY-G) beyond March 2021  till March 2024 so as to provide financial assistance for the construction of the remaining 155.75 lakh houses under the scheme. .

The scheme was launched on 20 November 2016 to 2 crore 95 lakh houses by 2022.

Out of this 155.75 lakh houses are to be constructed and it will require Rs 2,17,257 crore, with a central share of Rs 1,25,106 crore and a state share of Rs 73,475 crores .

The continuation of the scheme till March 2024 will ensure that the remaining 155.75 lakh households within the overall target of 2.95 crore houses would be provided assistance for construction of pucca houses with basic amenities to achieve the objective of ‘housing for all’ in rural areas.

As of November 29 this year, 1.65 crore PMAY-G houses have been constructed out of the total target of 2.95 crore houses.

Under the PMAY-G yojana the cost of the scheme is shared in a 60 :40  ratio between the Central Government and the  State Government .

In the Hilly states, Union Territory and in the North- Eastern States the ratio is 90:10 between Centre and States.