UNDER PM AWAS YOJANA (GRAMEEN) GOVERNMENT CLOSE TO ACHIEVING THE TARGET OF 3 CRORE HOUSES

2 CRORE MORE HOUSES WILL BE TAKEN UP IN THE NEXT 5 YEARS TO MEET REQUIREMENT ARISING FROM INCREASE IN THE NUMBER OF FAMILIES

While presenting the Interim Budget 2024-25 in Parliament today, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman announced that theGovernment will launch a scheme to help deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorized colonies” to buy or build their own houses

Highlighting the achievement of PM Awas Yojana (Grameen), Union Finance Minister said that despite the challenges due to COVID, implementation of the scheme continued and the government is close to achieving the target of three crore houses. She said that two crore more houses will be taken up in the next five years to meet the requirement arising from increase in the number of families. 

Smt. Nirmala Sitharaman emphasised that the Government is working with an approach to development that is all-round, all-pervasive and all-inclusive (सर्वांगीण, सर्वस्पर्शी और सर्वसमावेशी) to make India a ‘Viksit Bharat’ by 2047.

Housing support for middle class to buy or build homes, expanding PM Awas Yojana to meet rising household needs. Launch of a government housing support scheme to assist specified middle class households living in rented accommodation, slums, chawls, and unauthorized colonies to buy or construct dwellings; and expansion of PM Awas Yojana (Grameen) to address increased household formation over the next five years.