Pradhan Mantri Awas Yojana (Urban) has created over 6 cr jobs in country: Govt

The PMAY (U), launched by Prime Minister Narendra Modi in June 2015, aims to ensure 'Housing for all by 2022' by providing financial assistance to a beneficiary.

Press Trust of India December 19, 2018 10:26:32 IST
Pradhan Mantri Awas Yojana (Urban) has created over 6 cr jobs in country: Govt

New Delhi: The Pradhan Mantri Awas Yojana (Urban) is believed to have generated employment for over six crore people in the country, the government told Lok Sabha on December 18.

Union Minister Hardeep Singh Puri said as per the 2014 study report of the National Council of Applied Economic Research (NCAER), for every Rs 1 lakh invested in the housing sector, 2.65 new jobs are created in the economy.

"On this basis, it is estimated that a total of 6.07 crore employment might have so far been generated through implementation of the PMAY (U) across the country," the housing and urban affairs minister said in a written response to a question.

The ministry said it refers to the number of jobs created irrespective of duration.

Pradhan Mantri Awas Yojana Urban has created over 6 cr jobs in country Govt

Representational image. News18

The PMAY (U), launched by Prime Minister Narendra Modi in June 2015, aims to ensure "Housing for all by 2022" by providing financial assistance to a beneficiary.

The government has set a target of one crore houses to be constructed in urban areas across the country over a period of seven years -- 2015 to 2022.

According to an official figure, till 12 December a total 65,43,970 houses have been approved for construction under the PMAY(U) across the country.

Of these, 35,49,531 houses have been grounded for construction. 12,26,530 houses have been completed out of which 12,19,549 houses have been occupied by the beneficiaries.

Updated Date:

also read

Centre approves MoA by India for establishment of BIMSTEC Technology Transfer Centre in Colombo
India

Centre approves MoA by India for establishment of BIMSTEC Technology Transfer Centre in Colombo

The main objectives of the BIMSTEC TTF are to coordinate, facilitate and strengthen cooperation in technology transfer among the BIMSTEC member states by promoting the transfer of technologies, sharing of experiences and capacity building

Emergency in 1975 a 'black spot' on vibrant history of India's democracy, says PM Modi in Germany
World

Emergency in 1975 a 'black spot' on vibrant history of India's democracy, says PM Modi in Germany

Narendra Modi, who is visiting Germany to attend the G7 Summit, made the remarks while addressing thousands of members of the Indian community at a grand event held at the Audi Dome stadium in Munich

Jaishankar meets Indian community in Rwanda, appreciates their contribution to the bilateral ties
World

Jaishankar meets Indian community in Rwanda, appreciates their contribution to the bilateral ties

S Jaishankar is in Rwanda to attend the 26th Commonwealth Heads of Government Meeting (CHOGM) from 22-25 June. He will represent the prime minister of India at the Commonwealth Summit on 24-25 June