India

PM Modi allocates INR 2,745 crore under PMAY-G for rural housing

Synopsis

Prime Minister Narendra Modi released the first instalment of funds under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) to thousands of rural beneficiaries, with INR 2,745 crore allocated to about one million individuals in Jharkhand. This initiative, aiming to build 2.95 crore houses by March 2024, includes a "griha pravesh" ceremony for 2.6 million new homeowners. Recent rule changes, like raising the income limit and removing exclusions, aim to widen the scheme's reach. The programme extension to 2028-29 targets an additional two crore houses, promoting poverty-free rural development.

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Over the weekend, Prime Minister Narendra Modi released the first instalment of funds under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) to thousands of beneficiaries in rural areas. This was announced by Rural Development Minister Shivraj Singh Chouhan during an online meeting with state rural development ministers. The event, which took place in Jamshedpur, included a traditional "griha pravesh" ceremony, marking the entry of around 2.6 million beneficiaries into their newly built homes.

As part of the event, PM Modi released a total of INR 2,745 crore, which went to about one million beneficiaries in Jharkhand. These individuals received the first instalment of funds under the PMAY-G scheme. State elections are scheduled for later this year in Jharkhand. Additionally, acceptance letters for the upcoming financial year 2024-25 were distributed to the targeted beneficiaries. Minister Chouhan emphasised the significance of this event, noting that a large number of people attended in person, and many more joined online.

The overall target of the PMAY-G programme is to build 2.95 crore houses by March 2024, with 2.65 crore homes already completed. Minister Chouhan highlighted the recent simplification of the scheme's rules to ensure more people can benefit. The government has removed certain exclusion criteria, such as owning a two-wheeler, a refrigerator, or a landline phone. Additionally, the monthly income limit for beneficiaries has been raised from INR 10,000 to INR 15,000. The PMAY-G programme, which was extended last month for the period 2024-25 to 2028-29, aims to build an additional two crore houses, benefiting around 10 crore individuals. Minister Chouhan believes this scheme will play a vital role in creating a poverty-free and developed rural India.

Prime Minister Narendra Modi's release of the first instalment of funds under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) on September 15 marked a significant step towards achieving the government's ambitious target of constructing 2.95 crore houses by March 2024. This initiative, announced by Rural Development Minister Shivraj Singh Chouhan, will particularly focus on Jharkhand, with a total of INR 2,745 crore being allocated to about one million beneficiaries. The PMAY-G scheme's recent rule simplifications aim to expand its reach, enhancing its role in developing rural India and alleviating poverty. This event underscores the government's commitment to improving rural housing infrastructure and overall living conditions.

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