1. Job creation boost: Pradhan Mantri Awas Yojna Urban birthed 1.7 cr jobs

Job creation boost: Pradhan Mantri Awas Yojna Urban birthed 1.7 cr jobs

Two years after its launch, the Prime Minister Awas Yojna Urban (PMAY-U) may be off to a slow start, but the scheme has already employed close to 1.7 crore people so far, says a study.

New Delhi | Published: July 19, 2017 5:10 AM
Pradhan Mantri Awas Yojna , PM Narendra Modi Government, Centre The government has set an ambitious target to construct as many as 12 lakh houses under the PMAY-U in 2017-18.

Two years after its launch, the Prime Minister Awas Yojna Urban (PMAY-U) may be off to a slow start, but the scheme has already employed close to 1.7 crore people so far, says a study.

According to the study titled ‘Impact of Investments in the Housing Sector on GDP and Employment in the Indian Economy’ conducted by the National Council of Applied Economic Research, for every Rs 1 lakh invested in the housing sector, 2.69 new jobs (2.65 informal and 0.4 formal) are created in the economy. With induced effect, the number of jobs would be 4.06 (3.95 informal and 0.11 formal).

Under PMAY-U, a total investment of Rs 1,10,753 crore involving about 21 lakh dwelling units has been approved by the government so far. On this basis, the total employment generation of 4.5 crore with induced effect is envisaged at the national level.

Currently, out of the total dwelling units approved, about 8 lakh dwelling units are in various stages of completion/construction with an estimated investment of Rs 42,160 crore. Hence, employment of total 1.71 crore must have already been generated on this account, says the study.

“Completion and construction of houses are issues which have a 18-36 months time frame because constructions are huge in nature. Therefore, completion comes about gradually whereas sanctions are much faster as this is the initial period. Construction picks up pace from the second or third year, which means from now on, construction will gather momentum,” Amrit Abhijat, joint secretary and mission director (housing for all) at the ministry of housing and urban poverty alleviation, told FE.

The government has set an ambitious target to construct as many as 12 lakh houses under the PMAY-U in 2017-18, although only 1.49 lakh houses were built under the scheme in 2016-17. The Centre has targeted construction of 26 lakh houses in 2018-19, 26 lakh in 2019-20, 30 lakh in 2020-21 and 29.80 lakh in 2021-22.

Abhijat said the main challenge the ministry is facing is the availability of land. Earlier, housing and urban poverty alleviation minister Venkaiah Naidu had also pointed out that availability of land was an issue for Pradhan Mantri Awas Yojana.

Launched on June 25, 2015, the aim of PMAY is to add ress the gap in housing demand and supply in urban areas in respect to economically weaker sections, low and middle-income groups and meet the target of ‘Housing for All’ by 2022.

The Central assistance approved for 21 lakh dwelling units is around 32,800 crore, of which around 10,000 crore has been released so far,
Abhijat added.

-By Surbhi Prasad

  1. S
    satyam mishra
    Aug 31, 2017 at 10:20 am
    Halp me
    Reply
    1. S
      satyam mishra
      Aug 31, 2017 at 10:18 am
      Sar mera pas job nhi hai much ye job chahiya Halp me sar
      Reply
      1. S
        satyam mishra
        Aug 31, 2017 at 10:24 am
        May name Satyam mishra mere home me bas mai kam Marne wala hu Sar ye job chahiye Sar Qalifesan B.sc
        Reply
      2. R
        rahimmallick
        Jul 20, 2017 at 1:02 pm
        RahimMallick
        Reply
        1. B
          Bankimchandra Shah
          Jul 19, 2017 at 1:31 pm
          India is under all round development grip.Now this grip cannot be loosen as positive will and mentality is prevailing in all areas. Govt. has become more active and forceful to finish the targets in time. GST has almost successed before expected time. Prices are coming down and inflation has come down. "India not China is among the fastest growing economies." World Bank. This report has effects globally for foreign investors to invest more in India. Many more banking and economic reforms are in pipe line which also will speed up the development.
          Reply
          1. H
            Hari Hara Krishna Kumar
            Jul 19, 2017 at 12:45 pm
            Statistics is a funny tool that can be used by the Govt. to try to WIN elections.... the ground reality would speak for itself. People are wise these days....
            Reply
            1. B
              Bishwajeet kumar
              Jul 19, 2017 at 12:04 pm
              गांव गरीब के विकास से ही भारत परम वैभव की चोटी पर पहूँचेगा । महोदय कागजी वाध्यता के मकरजाल से निकलकर On the spot फैसले लेने होगें तभी House for all कि परिकल्पना मोदी जी का साकार हो पाए गा
              Reply
              1. P
                Prakhar
                Jul 19, 2017 at 11:52 am
                Ekdam jhoot . Kahi koe rojgar Ni Hai . Ham khud hi berojgari Hai . 12 ghante ki naukri 5000 RS me kar rah Hai
                Reply
                1. D
                  Dinesh
                  Jul 19, 2017 at 8:06 am
                  If Gaurkshak and mutra scientist also include in this figure it will cross 6 crore. Thanks, you have achieved great target. DUSPRACHAR KA DUSARA NAME HI BJP HAI.
                  Reply
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