September 26, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

50 lakh beneficiaries of Pradhan Mantri Awas Yojana have moved into housing units: Minister

Nearly 1.13 crore houses have been sanctioned under the Pradhan Mantri Awas Yojana (PMAY) and beneficiaries have already moved in to more than 50 lakh housing units, according to Minister of Housing and Urban Affairs and Petroleum and Natural Gas Hardeep Singh Puri.

The minister said that It has seen unprecedented success as and government is on track to meet the targets set for 2022.

“An overwhelming majority of the housing has been developed by utilising sustainable and energy-efficient methods, incorporating advanced practices of land-use planning,” thr minister said while addressing the inaugural session of ‘Connect Karo 2021 – Towards Equitable, Sustainable Indian Cities’ event.

The five day (from 13-17th September, 2021) event is being organized by the World Resources Institute (WRI) through video conferencing.

Puri said that by 2030, almost 70% of the national GDP will come from our cities as rapid urbanisation facilitates efficiencies of agglomerations. The best-performing cities globally contribute five times more to national GDP than comparable Indian cities.

“By 2030, the urban population in India will almost double to 630 million. If we are to facilitate this level of growth, we will need to upgrade our urban infrastructure considerably and horrific impact of COVID-19 on our cities has made this even more significant,” he said.

The minister said that there is eight-fold increase the total expenditure on urban development as over the past six years (2015-2021), this figure is about Rs. 11.83 lakh crore against the Rs. 1.57 lakh crores from 2004 to 2014.

“We have not only successfully operationalised ambitious schemes, but also mainstreamed aspects such as climate change and heritage conservation,” he said

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