The housing & urban affairs ministry, which released the PMAY-U 2.0 guidelines this month, has imposed strict deadlines for states/UTs to implement about 15 urban reforms by June 2025.
Real estate experts welcome Centre's push for rental housing, but say it is not financially viable for private companies to construct and operate; needs greater government involvement.
Under PMAY 2.0, which subsumed slum redevelopment in other verticals, Centre targets construction of 3 crore new houses — 2 crore in rural areas & 1 crore in cities — over next 5 yrs.
Two crore of these could come up in rural areas. Plan to provide relief on interest charged on home loans to eligible beneficiaries in urban areas in the works.
Modi govt had launched Affordable Rental Housing Complexes (ARHC) scheme in July 2020 during the pandemic, when there was a massive exodus of migrant workers from cities.
According to the Interim Budget, extra 2 crore houses under Pradhan Mantri Awas Yojna-Gramin will be made in 5 yrs. Plan to launch a special housing scheme was announced by Modi last yr
Housing & urban affairs ministry is working on details of scheme, which is likely to be on the lines of Credit Linked Subsidy Scheme vertical of Pradhan Mantri Awas Yojana-Urban (PMAY-U).
According to state housing department data, Maharashtra has so far completed just 27% of Pradhan Mantri Awas Yojana (Urban) target, with only 16 months left for the scheme to end.
Speaking from ramparts of Red Fort on Independence Day, Modi also listed the outcome of his govt's schemes including Mudra Yojana, PM SVANidhi, Ayushman Bharat & PM Awas Yojana.
The Soviets paid great attention to protocol at the Tashkent talks. Arrangements for the two delegations were exactly the same. It was also backed by the US and the UK.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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