Budget 2023 | PM Awas Yojana share rises by 66%, with more focus on Tier 2 and 3 cities
1 year, 10 months ago

Budget 2023 | PM Awas Yojana share rises by 66%, with more focus on Tier 2 and 3 cities

The Hindu  

Giving a huge boost to affordable housing, the Union Budget presented on February 1 increased the allocation for the PM Awas Yojana by 66%. Finance Minister Nirmala Sitharaman also announced an Urban Infrastructure Development Fund which will be used to create urban infrastructure in Tier 2 and Tier 3 cities. Ms. Sitharaman said that the Urban Infrastructure Development Fund will be established through the use of priority sector lending shortfall. “Like the Rural Infrastructure Development Fund, an Urban Infrastructure Development Fund will be established through the use of priority sector lending shortfall,” she said. “Incremental PMAY allocation upto ₹79,000 crore will give impetus to affordable housing and benefit a wide segment of homebuyers,” said Dr. Niranjan Hiranandani, M.D., Hiranandani group and National Vice Chairman National Real Estate Development Council.

Infrastructure Development Urban Infrastructure Urban Cities Sitharaman Pmay Tier 2 3 Cities Tier 2 And Budget 2023 Yojana Share Urban Infrastructure Development Fund  infrastructure  yojana  share  66  rises  cities  sitharaman  housing  focus  tier  awas  budget  2023  urban  crore  fund  development  scheme

History of this topic

Tepid demand for urban infra fund for tier-2 and tier-3 cities
1 week, 1 day ago

Tepid demand for urban infra fund for tier-2 and tier-3 cities

Hindustan Times  

New Delhi: Under the scheme, states can avail of loans at a discounted rate of 1.5% from the prevailing bank rate for roadworks, water and sanitation, area planning and development projects, among others. Despite the Centre’s continued push for higher capital expenditure on infrastructure and emphasis on urban development, the Urban Infrastructure Development Fund introduced in the 2023-24 Budget for …

What’s the Budget push for infrastructure?
4 months, 3 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Budget 2024: Placing thrust on infrastructure
5 months ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Budget 2024: Growth, reforms and infrastructure
5 months ago

Budget 2024: Growth, reforms and infrastructure

The Hindu  

The 2024 Budget signals policy continuity. Specifically, the Budget focuses on these key priorities - resilient agriculture, promoting skill development, driving employment and inclusivity, accelerating infrastructure development, energy security, fostering innovation and progressive reforms. Focus on infrastructure The government has earmarked an impressive capital expenditure of over ₹11 lakh crore, equivalent to 3.4% of the GDP, towards infrastructure development. By …

The budget echoes the Developed India vision
5 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Budget: FM announces ₹10 lakh crore for urban housing scheme
5 months ago

Budget: FM announces ₹10 lakh crore for urban housing scheme

Hindustan Times  

New Delhi: A transit-oriented development framework for 14 large Indian cities, dormitory-type rental housing for industrial workers, and 10 million new houses for the urban poor were announced by Union finance minister Nirmala Sitharaman in her budget speech on Tuesday. Finance minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday In her record seventh budget presentation and the first …

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up
5 months ago

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up

Hindustan Times  

Urban development is one of the nine priorities outlined by the Finance Minister Nirmala Sitharaman in her speech on July 23. Urban development proposals The finance minister in her seventh straight budget said that three crore additional houses under the Pradhan Mantri Awas Yojana in rural and urban areas in the country have been announced, for which the necessary allocations …

Budget 2024: Govt to connect 25,000 more villages in phase 4 of rural roads scheme
5 months ago

Budget 2024: Govt to connect 25,000 more villages in phase 4 of rural roads scheme

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman said in her budget speech on Tuesday that the government would look to improve all-weather connectivity to 25,000 rural habitations by launching phase 4 of the Pradhan Mantri Grameen Sadak Yojana, which aims to link India’s hinterland with major economic centres. The government is expected to expand the definition of “rural habitations” in phase …

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all
5 months ago

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all

India Today  

Finance Minister Nirmala Sitharaman announced PM Awas Yojana-Urban 2.0 aimed at housing for all while presenting Budget 2024. Finance Minister Nirmala Sitharaman says, "Urban Housing: Under the PM Awas Yojana-Urban 2.0, the housing needs of 1 crore poor and middle-class families will be addressed with an investment of Rs 10 lakh crores. In the 2024 Budget, Finance Minister Nirmala Sitharaman …

Urban Affairs Ministry to revamp affordable housing scheme
5 months, 4 weeks ago

Urban Affairs Ministry to revamp affordable housing scheme

The Hindu  

The Pradhan Mantri Awas Yojana, a scheme to enable affordable housing for the urban poor, would be revamped with new features based on learning from the past nine years since when it has been operational, the Ministry of Housing and Urban Affairs said on Tuesday. A senior official of the Housing and Urban Affairs Ministry said that the revamp would …

New Cabinet’s first decision: Centre to assist construction of 3 crore houses under PMAY
6 months, 1 week ago

New Cabinet’s first decision: Centre to assist construction of 3 crore houses under PMAY

The Hindu  

Hours after Prime Minister Narendra Modi took charge of his office for the third consecutive time on June 10, the new Union Cabinet led by him took its first decision — to provide assistance for the construction of three crore more rural and urban houses under the Pradhan Mantri Awas Yojana. “It has been decided in the Cabinet meeting today …

​Budget 2024: New housing scheme to be introduced for middle class
10 months, 3 weeks ago

​Budget 2024: New housing scheme to be introduced for middle class

Op India  

Union Finance Minister Nirmala Sitharaman on Thursday presented the 5th and last budget of the Modi government 2.0. One of the key takeaways of Budget 2024 is the consistency in the extension of housing scheme benefits for the rural population and the middle class. “Two crore more houses will be taken up in the next 5 years to meet the …

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech
10 months, 3 weeks ago

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech

The Hindu  

Giving a boost to affordable housing, the government on Thursday announced a new scheme to help “deserving” sections of the middle class buy or build their own houses. Union Finance Minister Nirmala Sitharaman also gave a push to rural housing and said two crore more houses would be made under the flagship Pradhan Mantri Awas Yojana -Rural. Ms. Sitharaman said …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
10 months, 3 weeks ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years
10 months, 3 weeks ago

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years

The Hindu  

The country is close to achieving the target of 3 crore houses under the rural housing scheme and two crore more will be constructed in the next five years, Union Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024. Earlier this month, Prime Minister Narendra Modi released the first instalment of ₹540 crore to one lakh beneficiaries of a …

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens
10 months, 3 weeks ago

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens

India TV News  

In her last Budget announcement before the Lok Sabha elections for 2024, Finance Minister Nirmala Sitharaman outlined various housing schemes. "Our government will launch a scheme to help deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorised colonies” to buy or build their own houses," she said in her budget speech. Image Source …

Infrastructure major gets Letter of Intent for new infra project in Gujarat as India eyes developed nation tag
1 year, 3 months ago

Infrastructure major gets Letter of Intent for new infra project in Gujarat as India eyes developed nation tag

India TV News  

Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. Looking to cash in on the opportunity, Gujarat-based infra major Shashijit Infraprojects has announced that it has secured a Letter of Intent from Hari …

PM Modi announces new scheme to help urban poor build houses
1 year, 4 months ago

PM Modi announces new scheme to help urban poor build houses

The Hindu  

Prime Minister Narendra Modi on August 15 announced a new scheme to help urban poor build houses in cities. We are coming up with a new scheme in the coming years that will benefit those families that live in cities but are living in rented houses, or slums, or chawls and unauthorised colonies.” The Prime Minister said that if this …

Morning Digest: February 2, 2023
1 year, 10 months ago

Morning Digest: February 2, 2023

The Hindu  

Jobs get highest mention in last Budget before elections In a bid to soothe several votebanks before the 2024 polls, the FM promises tax relief for the salaried middle class, schemes for artisans and tribal groups, sops for women and MSMEs, and jobs for youth. Defence budget up by 13%; hike in allocation for pension The Union Budget presented in …

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan
1 year, 10 months ago

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan

Hindustan Times  

Renewing the Centre’s outreach to the states ahead of a series of assembly elections and the 2024 Lok Sabha polls, finance minister Nirmala Sitharaman proposed to continue the Union government’s 50-year interest free loan for states by another year. Union finance minister Nirmala Sitharaman at a post-budget press conference in New Delhi on Wednesday The government also announced in the …

Realty stocks plunge 4 pc post budget
1 year, 10 months ago

Realty stocks plunge 4 pc post budget

Deccan Chronicle  

NEW DELHI: Shares of real estate companies plunged 4 per cent on Wednesday after Finance Minister Nirmala Sitharaman announced increasing PM Awas Yojana outlay by 66 per cent to Rs 79,000 crore for the next fiscal year. Shares of Sunteck Realty plummeted 5.67 per cent to close at Rs 345 per share on the NSE, while Indiabulls Real Estate tumbled …

Budget 2023: ₹79,000 crore set aside for PMAY, 65% higher than last year
1 year, 10 months ago

Budget 2023: ₹79,000 crore set aside for PMAY, 65% higher than last year

Hindustan Times  

Presenting the final full budget of the Modi government ahead of next year's parliamentary elections, Union finance minister Nirmala Sitharaman on Wednesday announced an outlay of ₹79,000 crore towards the Pradhan Mantri Awas Yojana. New Delhi: Union Finance Minister Nirmala carrying a folder-case poses for photographs outside the Finance Ministry at North Block, in New Delhi, Wednesday, Feb. 1, 2023, …

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM
1 year, 10 months ago

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced that the Centre will continue 50-year interest-free loans to state governments for one more year. Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM Check budget live updates here Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. On October …

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman
1 year, 10 months ago

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 announced that the Centre will continue 50-year interest-free loans to State governments for one more year. Budget 2023 | Record allocation of ₹2.4 lakh crore for Railways On October 13 last year, Prime Minister Narendra Modi had launched the Gati Shakti - National Master Plan, aimed at developing integrated infrastructure to reduce logistics …

Budget 2023: Modi govt allocates Rs 2.40 lakh crore for Railways, announces Sitharaman
1 year, 10 months ago

Budget 2023: Modi govt allocates Rs 2.40 lakh crore for Railways, announces Sitharaman

India TV News  

Budget 2023: The Modi government on Wednesday announced that it has fixed capital outlay of Rs 2.40 lakh crore for railways in financial year 2023-24, as the Finance Minister Nirmala Sitharaman presented her 5th budget in the Parliament. BUDGET 2023: FULL COVERAGE Among other announcements regarding the infrastructure development, Sitharaman said that the states and cities will be encouraged to …

Budget 2023: 'PM Awas Yojana' allocation raised by 66% to provide houses to poor | All you need to know
1 year, 10 months ago

Budget 2023: 'PM Awas Yojana' allocation raised by 66% to provide houses to poor | All you need to know

India TV News  

Union Budget 2023: During her budget speech, Finance Minister Nirmala Sitharaman made a big announcement to provide affordable houses to the people of the country. Presenting the Union Budget for the fiscal year 2023-24, she said that the outlay for 'Prime Minister Awas Yojana' is being enhanced by 66% to over Rs. BUDGET 2023: FULL COVERAGE About Pradhan Mantri Awas …

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government
1 year, 10 months ago

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government

ABP News  

The Union Budget preparations have been in the full swing in the North Block. Asset Monetisation In the last fiscal the government targeted the national asset monetisation pipeline to accumulate Rs 1.62 lakh crore. According to various accounts, in this Budget the government may link budgetary allocation to infrastructure ministries to the progress and performance these ministries achieve in the …

Govt to announce ₹40k crore towards PMAY in Union budget 2023: Report
1 year, 10 months ago

Govt to announce ₹40k crore towards PMAY in Union budget 2023: Report

Hindustan Times  

In Union budget 2023, which finance minister Nirmala Sitharaman will present in Lok Sabha on February 1, the Centre is likely to announce an outlay of ₹40,000 crore towards the Pradhan Mantri Awas Yojana, according to a report in HT's sister publication Live Hindustan. Representational Image As per the report, the Centre may give itself a target of 84 lakh …

Budget 2023: Asset Monetisation May Determine Budgetary Support To Infrastructure, Says Report
2 years ago

Budget 2023: Asset Monetisation May Determine Budgetary Support To Infrastructure, Says Report

ABP News  

The Union Finance Ministry may link budgetary support to infrastructure ministries with the performance of their asset monetisation in Budget 2023-24, which will be presented by Nirmala Sitharaman on February 1, according to a report in Mint. A senior finance ministry official told Mint, “Performance in asset monetization will be one of the factors taken into account in determining budgetary …

Union Cabinet Approves Continuation of Flagship 'Pradhan Mantri Awas Yojana-Urban' Scheme Up to 2024
2 years, 4 months ago

Union Cabinet Approves Continuation of Flagship 'Pradhan Mantri Awas Yojana-Urban' Scheme Up to 2024

News 18  

The Union Cabinet, chaired by the Prime Minister Narendra Modi, on Wednesday approved the continuation of the government’s flagship housing scheme Pradhan Mantri Awas Yojana-Urban till 2024. The Cabinet gave its nod to the proposal of Ministry of Housing and Urban Affairs wherein financial assistance is to be provided for the completion of already sanctioned 122.69 lakh houses till March …

Project proposals for over 60,000 houses approved under PMAY(U): Govt
2 years, 10 months ago

Project proposals for over 60,000 houses approved under PMAY(U): Govt

Live Mint  

Project proposals for over 60,000 houses were approved for construction under the Pradhan Mantri Awas Yojana in Andhra Pradesh, Chhattisgarh, Himachal Pradesh, Karnataka and Rajasthan, the Ministry of Housing and Urban Affairs said on Tuesday. Earlier this month, Finance Minister Nirmala Sitharaman during the Budget presentation announced an allocation of ₹48,000 crore to build eight million houses. “The total number …

Government Targeting Road Construction Worth Rs 15 lakh Crore in Next 2 Years
3 years, 7 months ago

Government Targeting Road Construction Worth Rs 15 lakh Crore in Next 2 Years

News 18  

The Centre is giving utmost priority to the development of infrastructure and has set a target of road construction worth Rs 15 lakh crore in the next two years. The Minister was confident that his ministry will achieve target of 40 kilometres per day of highways construction in current fiscal, saying “the government is permitting 100 per FDI in road …

PM Awas Yojana: Centre dissatisfied with progress, defers Punjab’s request for funds
3 years, 8 months ago

PM Awas Yojana: Centre dissatisfied with progress, defers Punjab’s request for funds

Hindustan Times  

The Centre has expressed dissatisfaction with the pace of work of the Punjab government in implementation of the Pradhan Mantri Awas Yojana in urban areas of the state. PM Awas Yojana: Centre dissatisfied with progress, defers Punjab’s request for funds The Union ministry of housing and urban affairs expressed its concern over the slow progress of construction and completion of …

Why This Budget Reflects a New India That Refuses to Compromise on Aspirations, Come What May
3 years, 10 months ago

Why This Budget Reflects a New India That Refuses to Compromise on Aspirations, Come What May

News 18  

A century after Spanish Flu, the world was struck again by a devastating pandemic. Push for Making Railways Future-Ready For the rail sector, one the most critical transport infrastructure, this year’s allocation witnessed highest-ever plan for capital expenditure, to the tune of a whopping Rs 2,15,058 crore, of which Rs 1,07,100 crore is being allocated from the Union Budget while …

Nirmala Sitharaman’s Budget 2021 Focuses on What the Economy Needs—Investment in Infrastructure
3 years, 10 months ago

Nirmala Sitharaman’s Budget 2021 Focuses on What the Economy Needs—Investment in Infrastructure

News 18  

The Budget 2021 presented by Union Minister of Finance Nirmala Sitharaman is expected to reinvigorate the economy post-pandemic. Further, the government has announced the capex budget will be up over 34 per cent to Rs 5.54 lakh crore and, in addition to this, there is a substantial allocation for roads and railways. The other key takeaway from Finance Minister Nirmala …

Aaj Ki Baat Exclusive | Agri cess, MSP, fiscal deficit: FM Sitharaman allays fears arising out of Budget 2021
3 years, 10 months ago

Aaj Ki Baat Exclusive | Agri cess, MSP, fiscal deficit: FM Sitharaman allays fears arising out of Budget 2021

India TV News  

Union Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021, her third as Finance Minister on Monday. Bringing the budget in the most challenging times during the pandemic, Finance Minister Nirmala Sitharaman in an exclusive conversation in Aaj Ki Baat with Rajat Sharma, Editor-In-Chief and Chairman, India TV, discussed the key highlights of the Union Budget 2021. Aaj …

Union Budget 2021 | Budget sends mixed signals on farm sector
3 years, 10 months ago

Union Budget 2021 | Budget sends mixed signals on farm sector

The Hindu  

The Union Budget sent mixed signals to the tens of thousands of farmers who have been protesting on Delhi’s borders for the last two months, and the wider agricultural community. The flagship PM-KISAN scheme, meant to provide income support to farmers, saw a 13% drop in its budget, which is ₹10,000 crore lower than last year’s initial allocation. On the …

A look at the winners and losers of Nirmala Sitharaman's Budget 2021
3 years, 10 months ago

A look at the winners and losers of Nirmala Sitharaman's Budget 2021

India Today  

Amid the sweeping economic distress triggered by the Covid-19 pandemic, Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021, giving major emphasis to healthcare and infra sectors while leaving direct taxes unchanged. Here is a look at the gainers and losers from Budget 2021: WINNERS Healthcare Finance Minister Nirmala Sitharaman put health and well being as one of …

Discover Related