LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Urban affairs ministry seeks three-fold hike in Budget allocation

The central government aims to construct 1.2 crore houses for the urban poor under the Narendra Modi government's flagship scheme

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
 Urban affairs ministry seeks three-fold hike in Budget allocation
The ministry had proposed Rs 20,000 crore for financing of the scheme. Image source: Reuters
Written By: PTI
Updated: Sun, Jan 14, 2018
12:11 pm
PTI

The Housing and Urban Affairs Ministry has sought a nearly three-fold increase in allocation of funds in the Budget this year for its Pradhan Mantri Awas Yojana (Urban), an official source said.

The central government aims to construct 1.2 crore houses for the urban poor under the Narendra Modi government's flagship scheme. So far, the construction of 37.5 lakh houses have been approved under the scheme.

"The Housing and Urban Affairs Ministry has sought over three-fold hike in the allocation of funds for PMAY (U). The ministry had proposed Rs 20,000 crore for financing of the scheme," the source said.

In the Budget 2017-18, the scheme was allocated Rs 6,200 crore. "Talks were on at the highest level and the ministry is expected to be allocated around Rs 17,000 crore," he said.

Keeping in view that the programme has to be completed by 2022, the ministry has laid special emphasis on its funding in the Budget proposal, the source said.

The ministry is adopting a multi-pronged strategy to give momentum to the scheme, a housing ministry official said. The official said the focus is on adopting technology that offers "affordable, sustainable houses and scalability".

The ministry will launch the Global Housing Construction Technology Challenge (GHCTC) in March to attract the best practices in the construction sector, the official said.

The technology selected will be deployed to construct affordable houses across India.

Under PMAY (U), people can avail benefits under various components to buy a house in urban areas. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Housing and Urban Affairs MinistryNarendra Modi government's flagship schemePradhan Mantri Awas Yojana (Urban)PMAY (U)housing scheme
RELATED NEWS

LATEST NEWS

XLRI Placements 2020, 2021: 100% jobs! Check highest salary, average package and name of companies, top recruiters

WhatsApp Mute Video feature: You just cannot afford to miss out on this

RRB NTPC Exam 2021 Admit Card released on rrbkolkata.gov.in —Check details

In chat with Anil Singhvi, analyst Vikas Sethi picks NCL, UPL as top buys for handsome returns

Property Buying Tips: 5 things to keep in mind before buying a home in 2021

Rakesh Jhunjhunwala stock: This Big Bull holding gets a target hike I Details here

Spectrum auction underway; radio waves valued at Rs 3.92 lakh crore up for bidding

Lenovo to launch new 'Legion' gaming smartphone soon - Check all details here!

Spotify suspends music streaming service of K-pop

Heranba IPO allotment status: Finalisation date, direct BSE link to check share subscription

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved