Investment in urban rejuvenation is Rs 10.31 lakh cr during 2014-19: Govt

Investment in urban rejuvenation is Rs 10.31 lakh cr during 2014-19: Govt

Agency News

New Delhi, Jun 25: Urban transformation has witnessed giant strides in the past four years as compared to overall investment of Rs 1.57 lakh crore during 2004-14, the investment in urban rejuvenation during 2014-19 is Rs 10.31 lakh crore which translates into 554 per cent increase, the Government claimed on Tuesday.
The investment in PMAY(U), AMRUT and SCM is about Rs 8 lakh crore, the Housing and Urban Affairs Ministry said in a statement here
The Ministry said the Missions being implemented are way ahead of the targets and timelines. The transformation and impact for the cities will continue to be the focus in the coming years.
Sanctioning of more than 81 lakh houses at a total investment of Rs 4.83 lakh crore under Pradhan Mantri Awas Yojana -Urban has helped meet the objectives of providing a roof to a large section of poor urban population in the country, it said.
“Out of these, around 48 lakh houses are at various stages of construction. 26 lakh houses have already been completed and handed over and the mission targets for providing Housing for All by 2022 is way ahead of the timeliness and targets,” it added
According to the Ministry over 13 lakh houses are being built using new technologies. Central assistance worth Rs1.26 lakh crores has been committed while more than Rs 51,000 crore already released. As a measure towards women empowerment, houses under PMAY(Urban) are provided in the name of the woman or joint ownership.
Under the Credit Linked Subsidy Scheme of the PMAY, the middle-income group families with income upto 18 lakh per annum are being funded for houses for the first time. The carpet area of the house has been increased upto 200 sq mt. More than 6.32 lakh people have taken the benefit under the CLSS during 2005-19.
Under the Atal Mission for Rejuvenation and Urban Transformation, state plans worth Rs 77,640 crore have already been approved. Out of this, Rs 39,011 crore have been approved for water supply projects, Rs 32,456 crore for sewerage & septage, Rs 2,969 crore for storm water drainage; Rs 1,436 crore for non-motorised urban transport; Rs 1,768 crore for green spaces and parks.
More than 4,910 projects worth Rs. 65,000 crore are under mplementation/completed. More than 22 Crore Urban Population have benefitted from these initiatives.
Launched on 25 June 2015, Smart Cities Mission is one of the most transformational urban missions. The objective is to strengthen urban infrastructure through application of smart solutions and provide a better quality of life to citizens. (UNI)