The budgetary allocation for the flagship of Pradhan Mantri Awas Yojana (PMAY), popularly known as ‘housing for all’ (HFA) scheme might be increased by the government. The government may allocate Rs 3,000 crore to the National Housing Bank (NHB) to provide loans to housing finance companies.
The housing ministry M Venkaiah Naidu has asked states to undertake a fresh demand survey to assess housing demand. A technical committee set up by the ministry had earlier estimated urban housing demand at nearly 1.9 crores. Sources informed that the initial reports from states have indicated the demand to be around 1.4 crores. A Ministry Official said that they will get the final estimate soon.
While a group of secretaries (GoS) dealing with health, urban development and sanitation has made the recommendation for providing more funds to NHB, housing minister M Venkaiah Naidu has sought more money for the PMAY scheme in cities and towns.