Cabinet Approves Pradhan Mantri Awaas Yojana – Gramin Implementation
The Indian Cabinet has approved the implementation of PMAY-G, a government scheme providing affordable housing options to low-income families in rural areas.
Fri, 09 Aug 2024
Cabinet Approves Implementation of Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) for FY 2024-25 to 2028-29 The Indian Cabinet has recently approved the implementation of the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) for the financial years 2024-25 to 2028-29.
The PMAY-G is a government scheme aimed at providing affordable housing options to low-income families in rural areas. The scheme aims to provide financial assistance to eligible households to construct or renovate their homes.
#Cabinet approves implementation of the Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) during FY 2024-25 to 2028-29
— All India Radio News (@airnewsalerts) August 9, 2024
Total outlay of Rs.3,06,137 crore for FY 2024-25 to 2028-29 #CabinetDecisions pic.twitter.com/7Gza95Z6jw
This initiative is expected to benefit millions of people living in rural India and contribute to the country's overall economic growth. The Cabinet's approval for the PMAY-G implementation comes as a significant step forward in achieving the government's vision of providing affordable housing options to all citizens.
The scheme will be implemented over five years, with the initial outlay being Rs.3,06,137 crore. This investment is expected to have a multiplier effect on the economy, creating jobs and stimulating economic growth.
Published by Chronicles Of India. Scroll down to read more
