What You Need to Know: PMAY 2024 Latest Data and Progress

हिन्दी

हिन्दी

The Pradhan Mantri Awas Yojana (PMAY) is a groundbreaking initiative by the Government of India aimed at providing affordable housing for everyone. Launched with the ambitious goal of ensuring “Housing for All” by 2022, PMAY has made significant strides over the years. This scheme covers both urban (PMAY-U) and rural (PMAY-G) areas, addressing the housing needs of people across the country.

In this article, we’ll look at the PMAY 2024 latest data and progress made so far, state-wise achievements, and the role of private contributors in making this dream a reality. Let’s dive in and see how far we’ve come and what lies ahead for this important program.

PMAY 2024 Latest Data and Progress

The Pradhan Mantri Awas Yojana (PMAY) is a monumental initiative by the Government of India aimed at providing affordable housing for all. This ambitious scheme has two main components: Urban (PMAY-U) and Rural (PMAY-G). Here’s a look at the latest data and progress made under each component.

Urban Component (PMAY-U)

• Houses Sanctioned: 88 lakh houses
• Houses Completed: 26 lakh houses
• Central Assistance Sanctioned: ₹1.37 lakh crore
• Central Assistance Provided: ₹52,000+ crore

The urban part of PMAY focuses on providing affordable housing to the urban poor, including slum dwellers. It offers subsidies on home loans, redevelops slum areas, and partners with private and public sector entities to build affordable homes.

Rural Component (PMAY-G)

• Houses Sanctioned: 1.23 crore houses
• Houses Completed: 84 lakh houses
• Central Assistance Released: ₹8 lakh crore
• State Assistance Released: ₹1.5 lakh crore

The rural part of PMAY aims to provide strong, permanent houses with basic amenities to families without homes or those living in poor conditions in rural areas.

State-wise Progress under PMAY as of June 2024

PMAY-Urban (PMAY-U)

As of June 10, 2024, here’s an update on the progress of PMAY-U:

• Total houses sanctioned: 1.18 crore
• Houses grounded for construction: 1.14 crore
• Houses completed: 83.67 lakh

The top 10 performing states under PMAY-U are:

PMAY-Gramin (PMAY-G)

As of June 12, 2024, here’s the progress for PMAY-G:

• Target houses: 2.95 crore
• Houses sanctioned: 2.94 crore
• Houses completed: 2.62 crore

State-wise houses constructed under PMAY-G from 2019-20 to 2023-24 (as of July 27, 2023):

*Data as of July 27, 2023

Key Points

• Maharashtra has set a goal to build 7.27 lakh affordable houses under PMAY-U by December 2024, with 60% currently under construction as of August 2023.
• North-Eastern states have shown poor performance under PMAY-U, with progress below 45%, except for Tripura.
• Among the larger states, Telangana has made the most progress at 89.5% under PMAY-U, followed by Gujarat at 82.68%, and Tamil Nadu at 76.08%.
• Under PMAY-G, 13% of the targeted rural houses are yet to be built, with the deadline now extended to March 2024.

Summary

Overall, significant progress has been made under both PMAY-U and PMAY-G, though some states are still lagging. To meet the housing targets, the government has extended the scheme deadlines to 2024. The latest state-wise data highlights the achievements and areas that need more focus in developing affordable housing across urban and rural India under the PMAY scheme.

Private Contributors

PMAY’s success also depends on private institutions that help people get home loans with subsidies. Key contributors include:

• IIFL Home Loans
• ICICI Bank
• AU Housing Finance Limited
• Home First Finance Company

These institutions play a crucial role in making home loans more accessible and affordable for the urban poor.

Summary of PMAY’s Impact

Since it started, PMAY has greatly impacted India’s housing sector. By focusing on both urban and rural areas, the scheme has provided millions of families with safe and secure homes. Support from central and state governments, along with private sector help, has turned this dream into reality for many.

Future Prospects and Goals

Looking ahead, PMAY aims to speed up the completion of sanctioned houses and ensure all eligible people get support. The government wants to bridge the housing gap.

The future of PMAY looks promising with continued efforts and increased participation from everyone involved. The focus will remain on improving construction quality, ensuring timely delivery of houses, and making the process more transparent and efficient.

Conclusion

The Pradhan Mantri Awas Yojana has made great progress in addressing India’s housing needs. While there’s still work to be done, the achievements so far are impressive. With ongoing support and collaboration, the dream of affordable housing for all Indians is within reach.

By staying updated on the latest developments and actively participating in the scheme, we can all contribute to building a better and more inclusive India.

For more detailed information on how to apply for PMAY, check out our post on How to Apply for Pradhan Mantri Awas Yojana (PMAY): Eligibility, Documents, and Application Process.

To understand the key features and an easy introduction to PMAY, you can read our post Pradhan Mantri Awas Yojana (PMAY): Introduction and Key Features Made Easy.

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