Budget 2022: Sitharaman Announces To Build 80 lakh Houses Under PM Awas Yojana In 2022-23

A budget allocation of Rs 48,000 crore has been announced by the Finance Minister to complete the project.

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New Delhi: Finance Minister Nirmala Sitharaman in her Budget 2022 speech on Tuesday, announced to complete 80 lakh houses for eligible beneficiaries under the Prime Minister Awas Yojana in both rural and urban areas in the year 2022-23 

A budget allocation of Rs 48,000 crore has been announced by the Finance Minister to complete the project. 

"In 2022-23, 80 lakh houses will be completed for the identified eligible beneficiaries of PM Awas Yojana, both rural and urban and Rs 48,000 crore is allocated for this purpose," said Finance Minister Nirmala Sitharam in her budget speech.

She also said that the Centre will work with state governments in order to seek quick approvals related to the project aimed at providing affordable housing to the middle class and weaker sections living in Urban areas.

Under the Pradhan Mantri Awas Yojana (PMAY-Urban) about 114.02 lakh houses have been sanctioned across the country out of which only 53.42 lakh houses have been completed so far, reveals a data.

Pradhan Mantri Awas Yojana Urban had started on June 25, 2015, while the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G) was launched on November 20, 2016.

Earlier today, the Union Cabinet approved the Budget 2022-23 presented by Finance Minister Nirmala Sitharaman in Parliament. The Budget like last year was paperless as Sitharaman carried a tablet to the Parliament wrapped in a red-coloured cover with the national emblem emblazoned on it, instead of her trademark 'Bahi Khata'. 

She presented the budget by reading it out on the tablet. It was also one of her shortest budget speeches.