Current Affairs | Pradhan Mantri Awas Yojana (Gramin)

Pradhan Mantri Awas Yojana (Gramin)

16-09-2022

Economy Prelims Plus

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Why is in news? Delay in PMAY-G scheme to invite penalty

Indira Awas Yojana (IAY) has been revamped into Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) with effect from 1st April 2016.
It is one of the flagship programmes of the Government of India which is driven by the noble objective of providing “Housing for All” by the year 2022.
It was launched by the Ministry of Rural Development.
It is a social welfare program through which the Government provides financial assistance to houseless beneficiaries identified using Socio-Economic Caste Census (SECC) 2011 data to help them construct a house of respectable quality for their personal living.
Under PMAY, the cost of unit assistance is to be shared between Central and State Governments in the ratio 60:40 in plain areas and 90:10 for North Eastern and hilly states.
The program envisages the completion of 2.95 crore PMAY-G houses with all basic amenities by the year 2022.
But due to the pandemic, unavailability of construction materials, shifting of funds to health sector due to pandemic, etc, all leads to the extension of the scheme for another 3 years upto March 2024.