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Budgetary Provisions For Housing Ministry Hiked By 17%

Budgetary Provisions For Housing Ministry Hiked By 17%

Budgetary Provisions For Housing Ministry Hiked By 17%
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With an increase of nearly 25 per cent in allocation to the Metro projects across the country, the Housing and Urban Affairs Ministry's Budgetary provisions have been pegged at Rs 48,000 crore in the Interim Budget, an increase of 17 per cent over 2018-19.

The  Pradhan Mantri Awas Yojana (Urban), an ambitious programme of the government, has been given Rs 6,853.26 crore as against Rs 6,505 crore in the Budget 2018-19.

"A total of 1.53 crore houses have been built under the Pradhan Mantri Awas Yojana," Finance Minister Piyush Goel said while presenting Interim Budget for 2019-20 in Parliament. The ministry has been allocated Rs 17,713.93 crore for executing Metro projects across the country, which was Rs 14,264.60 crore in the previous Budget.

The Delhi Metro Rail Corporation (DMRC) has been given grants of Rs 414.70 crore as against Rs 50 crore in the 2018-19. The government has set aside Rs 19,152 crore for Mass Rapid Transit System (MRTS) as against the previous Budget's allocation of Rs 15,000 crore.

The  Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme, which aimed at ensuring robust sewage networks, water supply and other infrastructures to improve the quality of life of people in urban areas, was given Rs 7,300 crore, which was Rs 6,000 crore in the current fiscal.

The Smart Cities Mission, under which the government has selected 100 cities, has been given Rs 6,600 crore as against Rs 6,169 crore in the last Budget.

Allocation to another flagship programme of the government, the Swachh Bharat Mission has been increased to Rs 2,750 crore from Rs 2,500 crore in the current financial year.

The Deen Dayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) scheme has been given Rs 500 crore in the Interim Budget as against Rs 310 crore in 2018-19 Budget.

With inputs from Housing News

Last Updated: Fri Feb 08 2019

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