Housing Current Affairs

Pradhan Mantri Awas Yojana (Urban): Government approves construction 1.5 lakh affordable houses

The Union Ministry of Housing & Urban Affairs has approved construction of another 1.5 lakh affordable houses under Pradhan Mantri Awas Yojana (Urban) for benefit of urban poor. Decision in this regard was taken at 34th meeting of Central Sanctioning and Monitoring Committee. It approved investment of Rs 7,227 crore with Central assistance of Rs 2,209 crore.

Key Facts

Of the 1.5 lakh sanctioned affordable houses, Andhra Pradesh tops the list of houses with 56,512 units, followed by Uttar Pradesh (26,060), Madhya Pradesh (17,920), Jharkhand (14,526) and Maharashtra (13,506). With this, cumulative houses under PMAY(U) would be 47,52,751 houses. Since the launch of the scheme in 2015, over 45 lakh affordable houses have been approved for construction from 2015 to 2018.

Pradhan Mantri Awas Yojana (Urban)

PMAY(U) aims provide houses to all poor in urban areas by 2022. It is new version of Prime Minister’s Housing For All by 2022 vision. Its objective is to construct two crore houses across nation. It covers entire urban area consisting of 4041 statutory towns with initial focus on 500 Class I cities.

Intended beneficiaries of scheme are Poor people (BPL) and People living under Economically Weaker Sections (EWS) and LIG (Low income Group) categories in urban establishments of country. It also targets people living under MIG (middle income Group). Government will provide subsidy ranging between 1 lakh to 2.30 lakh to people from above categories in order to make them secure.

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India, Nepal sign 8 MoUs

India and Nepal have signed eight Memorandum of Understanding (MoUs) in various fields, including Housing grant, prevention of drugs, post-earthquake reconstruction packages in health and education sectors.

The agreements were inked after delegation level talks between Prime Minister Narendra Modi and his visiting Nepalese counterpart Sher Bahadur Deuba in New Delhi. The two leaders also jointly inaugurated the Kataiya-Kusaha and Raxaul-Parwanipur cross border Transmission lines.

Signed MoUs are

  • Agreement on Cooperation in the field of standardization and conformity assessment.
  • MoU between Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants of Nepal (ICAN).
  • MoU on Modalities for Utilization of India’s Housing Grant Component to support Reconstruction of 50,000 Houses.
  • Three MoUs on Implementation of the Grant Component of India’s Post-Earthquake Reconstruction Package in the Education Sector, Cultural Heritage Sector and Health Sector in Nepal.
  • MoU for Implementation Arrangement for Construction of Mechi Bridge under ADB’s SASEC Road Connectivity Programme (Tranche 2), Funded by India.
  • MoU on Drug Demand Reduction and Prevention of Illicit Trafficking in Narcotic Drugs, Psychotropic Substances and Precursor Chemical and Related Matters

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