Tamil Nadu government revises unit cost for PMAY-Rural beneficiaries by Rs 50,000 – ET RealEstate

CHENNAI: With a price hike in construction materials, the Tamil Nadu government has revised the unit cost for houses constructed under the Pradhan Mantri Awas Yojana (PMAY) (rural) by Rs 50,000 per unit.

This would cost an additional Rs 1805.4 crore to the state government’s exchequer benefiting about 2.5 lakh beneficiaries, stated an official statement on Tuesday.

In a statement here, chief minister Edappadi K Palaniswami said that each beneficiary under the scheme will get a revised unit cost of Rs 2.4 lakh. The additional financial assistance would help those who are unable to complete their constructions, he added.

In total, the beneficiaries will get a total of Rs. 2.7 lakh including Rs 23,000 based on 90 man days under MGNREGA and Rs 12,000 to construct toilets.

The statement further said that the issue pertaining to spiralling prices of construction materials and those lost their livelihood following the outbreak of COVID-19 were unable to complete their constructions under on the PMAY (Rural) with the available unit cost was brought to the notice during a review meeting by the chief minister.

More than four lakh houses are constructed under the PMAY (rural) scheme in the state.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *