Ad
Ad
Ad
The Pradhan Mantri Awas Yojana (PMAY) continues to provide affordable housing to the poor across India. Recently, the government approved the construction of 1,13,400 new homes under this scheme. In addition, keys to new homes were handed over to 46,000 beneficiaries, while approval letters were distributed to 32,000 people. The first installment of Rs 32 crore has also been released to help beneficiaries start building their homes.
Also Read: PM Awas Yojana: First Installment to be Released on September 15, 2024
The Pradhan Mantri Awas Yojana (PMAY) is a government initiative designed to offer affordable housing to the poor and needy. It operates under two branches:
Both schemes provide subsidies and loans to help people build or buy homes. PMAY aims to ensure that every person in the country has a home at an affordable cost.
Prime Minister Narendra Modi recently released Rs 32 crore in the first installment to PMAY-G beneficiaries from Ranchi, Jharkhand. This event also saw the approval of 1,13,400 new houses to be built across Jharkhand for the poor and needy. The Prime Minister was originally scheduled to visit Jamshedpur for the event, but due to bad weather, the program was held in Ranchi.
The central government has set a goal to build 2 crore additional homes under PMAY over the next five years. This project will require more than Rs 3.06 lakh crore. Union Rural Development Minister Shivraj Singh Chouhan has stated that by the financial year 2024-25, approval letters will be distributed to all targeted beneficiaries. So far, out of the target of 2.95 crore houses, 2.65 crore have already been built.
Under PMAY-G, the government provides financial assistance to help poor families build homes. The subsidy amount is:
Beneficiaries can also access bank loans to support house construction.
Also Read: Pradhan Mantri Awas Yojana: Apply for Awas Mitra Recruitment 2024 and Earn Incentives
To qualify for financial aid under PMAY-G, applicants must own at least 25 square meters of land. After a land survey, the government grants approval for house construction. Once approved, beneficiaries receive financial assistance in three stages:
This brings the total subsidy amount to Rs 1.30 lakh.
Beneficiaries under PMAY-G receive several additional benefits:
Also Read: September Weather: Paddy Up 4%, Urad & Cotton Face Challenges
The Pradhan Mantri Awas Yojana is a vital program aimed at providing affordable housing for the country’s poorest citizens. With new approvals and financial aid, the government is working toward its goal of offering homes to all, making significant progress in both rural and urban areas. The approval of 1,13,400 new homes and the handover of 46,000 house keys is a step forward in achieving this vision.
Haryana to Launch Lado Lakshmi Yojana: Women to Receive ₹2,100 Monthly
Haryana's Lado Lakshmi Yojana offers ₹2,100 monthly aid to empower women, enhancing financial support for eligible beneficiaries....
22-Nov-24 07:08 AM
Read Full NewsSwaraj Tractors Showcases Advanced Farming Solutions at Krishithon Expo in Nashik
Explore Swaraj Tractors' innovative range at Krishithon Expo, featuring advanced models designed to enhance farming productivity and efficiency....
21-Nov-24 10:25 AM
Read Full NewsTAFE and AGCO Secure Legal Relief in Massey Ferguson Dispute
TAFE and AGCO clash over Massey Ferguson brand rights, with Madras High Court ordering status quo amid ongoing legal battles....
20-Nov-24 05:35 AM
Read Full NewsVST Tillers Launches Eco-Friendly 30HP Tractor with Advanced Emission Standards
VST Tillers unveils a 30HP tractor with Stage-V emission standards, combining eco-friendly technology, efficiency, and global market expansion....
19-Nov-24 05:32 AM
Read Full NewsGovernment to Provide Loans and Interest Subsidy for Tractors and Farm Equipment: How Farmers Can Benefit
The government offers loans with up to 7% interest subsidy for farmers, easing access to affordable funds for agricultural and other needs....
12-Nov-24 06:14 AM
Read Full NewsDomestic Tractor Sales Rise in October 2024: 1,44,675 Units Sold with 22.37% Growth
Domestic tractor sales grew by 22.37% in October 2024, with 1,44,675 units sold. M&M Group led the market growth....
11-Nov-24 10:03 AM
Read Full NewsAd
Ad
Namo Drone Didi Scheme 2024: 80% Subsidy, ₹8 Lakh Aid, Drone Training, Benefits, and Application Process for Women SHGs
21-Nov-2024
Top 10 Apollo Tractor Tyres: Prices, Sizes and Features
19-Nov-2024
Top 8 Compact Tractors for Winter Farming in India
16-Nov-2024
Pradhan Mantri Fasal Bima Yojana (PMFBY): Comprehensive Guide to Crop Insurance, Benefits, Eligibility, and Application Process
12-Nov-2024
Farmtrac 45 Powermaxx vs. Mahindra 575 DI: Comprehensive Analysis of Performance, Features, and Value for Farmers
11-Nov-2024
Mini Tractors vs. Big Tractors: Differences, Pros, Cons, and Which One to Choose?
18-Oct-2024
View All Articles
As featured on:
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002