Financial Implication under the PMAY-G

Financial Implication under the PMAY-G

Posted On: 08 FEB 2022 6:56PM by PIB Delhi

The Union Cabinet in its meeting held on 8^th December, 2021 had approved the continuation of Pradhan Mantri Awaas Yojana- Gramin (PMAY-G) beyond March, 2021 till March, 2024 for completion of remaining houses within cumulative target of 2.95 crore houses under PMAY-G. It is proposed to complete total target of 2.95 crore houses by March 2024.

The total financial liability from FY 2021-22 to FY 2023-24 for completion of the remaining 155.75 lakh houses is Rs. 1,25,106 crore as Central Share and Rs. 73,475 crore as State Matching Share excluding interest of the Extra Budgetary Resources, mobilised for this purpose.

Under PMAYG, upto 2% of the programme funds are utilised for administering the scheme. Out of 2%, 1.7% is released to the States/UTs annually. The year wise administrative funds released to States/UTs in last three years is as under:

There is no release of additional administrative funds from Central share over and above prescribed administrative funds annually to the States/UTs during the last three years.

The Ministry is taking various steps to increase the pace of house completion and achievement of the targets by March 2024. Some of which are provided as under:

1. Timely allocation of targets to the States/UTs
2. Micro monitoring of house sanction and completion using latest IT tools and technologies.
3. Regular review by Minister/ Secretary/ Additional Secretary and Joint Secretary.
4. Focus on completion of those houses where 2^nd/ 3^rd installment of funds have been released.
5. Separate review of States with high targets and sub-par performance.
6. Timely release of funds as per requirements of States/UTs
7. Continuous follow-up with States / UTs on providing land to landless beneficiaries of PMAY-G.

This information was given by Union Minister of State for Rural Development Shri Faggan Singh Kulaste in a written reply in Lok Sabha Today.

Press Release