Budget 2024: Aim For 2 Crore More Houses In Five Years Under PM Awas Yojana, Says FM

Finance Minister Nirmala Sitharaman enhanced the outlay for Prime Minister Awas Yojana to Rs 80,671 crore on Thursday.

This means that the budget estimates for FY25 for PMAY stand at Rs 80,671 crore, as compared with FY24 budget estimates of Rs 79,590 crore for the "housing for all" initiative of the government.

The government aims to make another 2 crore houses in the next five years under the PM Awas Yojana, she said.

This has been done to meet the requirement of increasing families.

So far, the scheme's implementation has resulted in the government achieving its target of setting up over 3 crore houses.

"Despite the challenges due to Covid, implementation of PM Awas Yojana (Grameen) continued and we are close to achieving the target of 3 crore houses," she said.

With regards to the scheme, the FM said that the government has given over 70% houses in rural areas to women as sole or joint owners and this has enhanced their dignity.

A scheme will also be launched for deserving sections of middle class, living in rented houses or slums, the minister said.

The PMAY-U, a flagship mission of the government of India launched in 2015, is being implemented by the Ministry of Housing and Urban Affairs and aims to provide housing for all—including slumdwellers.

In order to achieve the target of housing for all in rural areas, the Ministry of Rural Development has been implementing the Pradhan Mantri Awaas Yojana-Gramin, with effect from April 1, 2016, to provide assistance to construct pucca houses with basic amenities in rural areas.