Pradhan Mantri Awas Yojana: Average completion Time of houses comes down to 114 days

The Government of India recently brought down the average completion time for houses under restructured Pradhan Mantri Awas Yojana-Gramin. The number of days comes down to 114 days.

Highlights

The GoI has brought down the number of days of completion of work under Pradhan Mantri Awas Yojana from 314 days to 114 days. The number of days was provided by the National Institute of Public Finance and Policy.

The scheme is expected to achieve target of completion of 2.95 crore houses by March 2022. So far, 1.10 crores of houses were constructed under the scheme. This includes 1.46 lakhs of houses to landless beneficiaries.

The Pradhan Mantri Awas Yojana was launched by PM Modi to provide Housing for All by 2022.

National Institute of Public Finance and Policy

The NIFPF is a premier research institution in public economics and policy. The institute operates under Ministry of Finance. It was founded in 1976. It maintains non-government character though it receives annual grant from Ministry of Finance and other State Governments.

The institution undertakes research, capacity building and policy advocacy in areas related to public economics. The Governing body of the institute includes revenue secretary, Chief Economic Advisor from the Finance Ministry. Economic Affairs Secretary and representatives from NITI Aayog.

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