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CLSS Vertical Of PMAY-Urban Benefits Over 1,65,000 In 3 Years

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CLSS Vertical Of PMAY-Urban Benefits Over 1,65,000 In 3 Years

As per the data released by government over 1, 65, 000 people have benefitted in urban areas from the Credit Linked Subsidy Scheme (CLSS) during the period from 2015-18.

During the tenure of these 3 years, over 45 lakh dwelling units have been approved for construction. Out of these over 8 lakh houses having been already completed and another 27 lakh houses are in various stages of completion.

For the financial year 2018-19, the central government has provided Rs 31,505 crores for PMAY with a provision for additional funding under Extra Budgetary Resources (EBR).

The budget for the present year is Rs 1,900 crore for the CLSS vertical; more funds can be withdrawn on requirement from the earmarked Rs 25,000 crore under EBR.

The government has claimed in its media release that a mechanism has been devised to optimally utilize the funds under the mission mechanism has been devised to optimally utilise the funds under the mission. The government has also said that there is no shortage of funds and all their requirements have been addressed under the PMAY (Urban) across all the verticals.

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