Centre approves 2.5 lakh more houses under PMAY

The Centre on Friday sanctioned over 2.5 lakh more affordable houses in 10 states under the Pradhan Mantri Awas Yojana (U).

According to the Housing and Urban Affairs Ministry, the total number of houses being funded under the PMAY (Urban) is close to 84 lakh across the country so far.

The approval was given in a meeting of the central sanctioning and monitoring committee (CSMC) chaired by ministry secretary Durga Shanker Mishra.

According to Mishra, out of 84 lakh houses sanctioned so far, Uttar Pradesh is the biggest beneficiary state in the country with 13 lakh houses, followed by Andhra Pradesh with over 12 lakh houses.

The PMAY (U), launched by Prime Minister Narendra Modi in June 2015, aims at ensuring housing for all by 2022 by providing financial assistance to beneficiaries.

The government has set a target of one crore houses in urban areas across the country over a period of seven years from 2015 to 2022.