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The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, approved the proposal of the Ministry of Housing and Urban Affairs (MoHUA) for continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U) up to December 31, 2024, wherein financial assistance will be provided for the completion of the already sanctioned 122.69 lakh houses till March 31, 2022.

As per Government figures, in 2017, the originally projected demand was 100 lakh houses. Against this originally projected demand, 102 lakh houses have been grounded/under construction. Further, out of these 62 lakh houses have been completed. Out of the total sanctioned 123 lakh houses, the proposals of 40 lakh houses were received late (during the last 2 years of the scheme) from the States/UTs which require another two years to complete. Hence, the States/UTs requested the Union Cabinet to extend the implementation period of PMAY-U till December 31, 2024.

Up to March 31, 2022, Central Assistance/subsidy of Rs 1,18,020.46 crore has been released and Rs 85,406 crore will be released as Central Assistance/subsidy till December 31, 2024.

PMAY-U is one of the major flagship programmes being implemented by the Government of India to provide all-weather pucca houses to all eligible beneficiaries in the urban areas of the country through States/UTs/Central Nodal Agencies. The scheme is being implemented through four verticals: Beneficiary Led Construction/ Enhancement (BLC), Affordable Housing in Partnership (AHP), In-situ Slum Redevelopment (ISSR) and Credit Linked Subsidy Scheme (CLSS).