[ecis2016.org] The Housing and Urban Affairs Ministry has received a 12% hike in budgetary provisions in the Union Budget 2019, while allocations for metro projects and the PMAY scheme have increased by 25% and 5%, respectively

The Housing and Urban Affairs Ministry’s budgetary provisions were pegged at Rs 48,000 crores in the Union Budget 2019-20, a hike of nearly 12% from 2018-19. The Pradhan Mantri Awas Yojana (Urban), an ambitious programme of the Modi government, has been given Rs 6,853.26 crores, as against Rs 6,505 crores in 2018-19. Similarly, there has been an increase of nearly 25%, in the allocation to metro projects across the country.

You are reading: Budget 2019: Allocation for Housing and Urban Affairs Ministry up by 12%, to Rs 48,000 crores

“Under the PMAY-U, over 81 lakh houses, with an investment of about Rs 4.83 lakh crores, have been sanctioned, of which construction of about 47 lakh houses has started,” finance minister Nirmala Sitharaman said. “Over 26 lakh houses have been completed, of which nearly 24 lakh houses have been delivered to the beneficiaries,” she said.

[ecis2016.org] Budget 2019: What did the home buyers and home owners get

A sum of Rs 17,713.93 crores has been allocated towards metro rail projects across India in the Budget, against Rs 14,864.60 crores in 2018-19. The Delhi Metro Rail Corporation (DMRC) has been given Rs 414.70 crores, as against Rs 50 crores in 2018-19.

Read also : With Index for Office Rent Property, India Joins Global League of Matured Economies

The government has also set aside Rs 19,152 crores for the Mass Rapid Transit System (MRTS), as against the previous financial year’s budgetary allocation of Rs 15,600 crores.

The Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme, which aims at ensuring robust sewage networks, water supply and other infrastructure to improve the quality of life in urban areas, has been given Rs 7,300 crores. The allocation was Rs 6,400 crores in 2018-19. The Smart Cities Mission, under which the government has selected 100 cities, has been granted Rs 6,450 crores, as against Rs 6,169 crores in the 2018-19 financial year. Allocation to another flagship programme of the government, Swachh Bharat Mission, has been increased to Rs 2,650 crores, from Rs 2,500 crores in the previous financial year.

Interim Budget 2019: Housing and Urban Affairs Ministry gets a 17 per cent hike, to Rs 48,000 crores

The Housing and Urban Affairs Ministry has received a 17 per cent hike in budgetary provisions in the interim budget 2019, which will include a 25 per cent increase in allocation for metro projects and a five per cent hike towards the PMAY scheme

February 4, 2019: With an increase of nearly 25 per cent in allocation towards metro projects across the country, the Housing and Urban Affairs Ministry’s budgetary provisions have been pegged at Rs 48,000 crores in the union budget, a hike of 17 per cent over 2018-19. The Pradhan Mantri Awas Yojana (Urban), an ambitious programme of the Modi government, has been given Rs 6,853.26 crores, as against Rs 6,505 crores in union budget 2018-19.

“A total of 1.53 crore houses have been built under the Pradhan Mantri Awas Yojana,” finance minister Piyush Goyal said while, presenting interim budget for 2019-20 in the Parliament.

Read also : Will 2021 be a turning point for India’s real estate sector?

The ministry has been allocated Rs 17,713.93 crores, for executing metro projects across the country, which was Rs 14,264.60 crores in the previous budget. The Delhi Metro Rail Corporation (DMRC) has been given grants of Rs 414.70 crores, as against Rs 50 crores in 2018-19. The government has set aside Rs 19,152 crores for Mass Rapid Transit System (MRTS) as against the previous budget’s allocation of Rs 15,000 crores.

[ecis2016.org] Budget 2019 highlights: What did home buyers and the real estate sector gain

The Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme, which is aimed at ensuring robust sewage networks, water supply and other infrastructures to improve the quality of life of people in urban areas, was given Rs 7,300 crores, which was Rs 6,000 crores in the current fiscal. The Smart Cities Mission, under which the government has selected 100 cities, has been given Rs 6,600 crores, as against Rs 6,169 crores in the last budget.

Allocation to another flagship programme of the government, Swachh Bharat Mission has been increased to Rs 2,750 crores from Rs 2,500 crores in the current financial year. The Deen Dayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) scheme has been given Rs 500 crores in the interim budget, as against Rs 310 crores in the 2018-19 union budget.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle