The central government, under its ambitious Pradhan Mantri Awas Yojana, is all set to transfer about Rs. 1.30 Lakh crore within the next 3 years. About one crore houses will be constructed in the next three years under the PM Awas Yojana and the funds will directly be transferred to the bank accounts of the beneficiaries.
Under the PMAY, 60 percent houses will be constructed for the homeless and those living in kachcha houses belonging to SC and ST communities.
The central government has completed the work of selection and validation of the beneficiaries. The scheme will operate on DBT (Direct Benefit Transfer) to bring in transparency to the scheme. The funds will be transferred in installments directly into the bank account of beneficiary over a period of three years.
The transfer of the amount will begin from next month and so the construction of the homes for the selected beneficiaries. The government will do the geo-tagging of all the homes to be constructed under the scheme to check the diversion of funds and transparency.
The government has provided training to about 30,000 masons for constructing homes as per the design finalized for each local geography.
The government has selected 2508 cities across 26 states and union territories under Pradhan Mantri Awas Yojana. Under the PM Awas Yojana.
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