10 Lakh Houses Will be Approved Under PM Awas Yojana, Rs 54,500 Crore Budget Allocated

Key Highlights:

• Rs 54,500 crore budget for PMAY in 2024–25.
• Subsidy: Rs 2.50 lakh (Urban), Rs 1.30 lakh (Rural).
• Apps launched for transparency: Awas Plus-2024, Awas Sakhi.
• 2 crore houses targeted by 2029.

The central government has announced significant progress in the Pradhan Mantri Awas Yojana (PMAY), aiming to provide affordable housing to all. For the financial year 2024–25, a record budget of Rs 54,500 crore has been allocated. Additionally, 10 lakh pending houses are set to be approved in January 2025.

Also Read: PMGAY: Government Approves 33,138 New Pucca Houses for Tribal Families in Madhya Pradesh

Who Will Benefit from PM Awas Yojana?

PMAY provides subsidies to beneficiaries for purchasing or constructing houses. It covers both urban and rural areas and has been extended for another five years until 2029.

To expand the scheme's reach, the government has introduced three major changes in eligibility criteria, ensuring more families can avail of the benefits.

Subsidies Under PMAY

• Urban Areas (PMAY Urban 2.0): Beneficiaries receive a subsidy of Rs 2.50 lakh.
• Rural Areas (PMAY Gramin):
  • Rs 1.30 lakh for hilly or remote areas.
  • Rs 1.20 lakh for plain areas.

The subsidy amount is directly transferred to the beneficiary's bank account.

Additional Benefits for PMAY Gramin Beneficiaries

• Bank Loan: Beneficiaries can avail of a Rs 70,000 loan with a 3% interest subsidy.
• Labour Wages: If beneficiaries construct their houses, they receive wages under MGNREGA for 90–95 days.
• Toilet Construction: Rs 12,000 is provided under the Swachh Bharat Mission.
• Free Utilities: Free gas connections (PM Ujjwala Yojana) and water connections (Jal Jeevan Mission) are also offered.

Also Read: Amendment in Pradhan Mantri Awas Yojana: Millions of Families to Benefit

Achievements and Goals for 2024–25

Union Minister Shivraj Singh Chouhan highlighted the progress under PMAY Gramin between June and December 2024:

• 31.65 lakh houses were approved, and 4.19 lakh houses were completed, against a target of 42 lakh.
• A new target of 2 crore houses has been set for 2024–29.

The introduction of the Awas Plus-2024 app in September 2024 and the Awas Sakhi app in October 2024 has streamlined the scheme's implementation, ensuring transparency and convenience.

Also Read: Sambal Yojana: Rs 225 Crore Transferred to 10,000 Labour Families

Efforts Towards a Poverty-Free Village

The Ministry of Rural Development aims to eliminate poverty from villages by effectively implementing various schemes. Union Minister Shivraj Singh Chouhan emphasized setting monthly targets for better outcomes. Schemes like MNREGA, Pradhan Mantri Gramin Sadak Yojana, National Rural Livelihood Mission, and Disha are also under review to align with the government’s mission of a poverty-free India.

How to Apply for PM Awas Yojana

Eligible beneficiaries can apply for PMAY through the official portal or mobile apps. The scheme prioritizes transparency and efficiency, making it easier for people to access the benefits.

With the highest-ever budget and ambitious targets, PMAY is moving closer to its goal of providing housing for all and uplifting rural and urban communities alike.

Also Read: PM Kisan Samman Nidhi: 19th Installment Expected in February 2025 – Key Details Farmers Must Know

CMV360 Says

The Pradhan Mantri Awas Yojana continues to transform lives by providing affordable housing and essential benefits to rural and urban communities. With a record budget of Rs 54,500 crore, streamlined processes, and ambitious targets, the government is taking significant steps toward achieving its vision of a poverty-free and housing-secure India.