PM Awas Yojana to build over 29.5 mn rural homes by March
Real Estate

PM Awas Yojana to build over 29.5 mn rural homes by March

The government led by Narendra Modi would have completed the construction of over 37 million rural houses by March. This surpasses the approximately 32 million houses constructed over 29 years under the former Indira Awas Yojana, highlighting the government's emphasis on rural development.

According to the official, under the PM Awas Yojana (Gramin), the Modi government aims to finish the construction of 29.5 million houses by March, ensuring that every rural family has their own home. Additionally, the NDA government had built 7.6 million houses under the Indira Awas Yojana between 2014 and 2016, as mentioned by the source who preferred to remain anonymous.

The PMAY (Gramin) was launched in November 2016, replacing the earlier Indira Awas Yojana. The scheme involves the Centre covering 60% of the construction cost in most states, with state governments contributing the remainder. However, in north-eastern and hilly states, the Centre's contribution increases to 90%, and in Union territories, it reaches 100%.

Regarding women's economic participation, the rural development ministry plans to enhance the involvement of women through self-help groups (SHGs), according to the same source. The goal is to increase the number of women earning over Rs 0.1 million per year from the current 10 million to 30 million in the coming years. The ministry intends to implement measures that support women in achieving sustainable livelihoods.

The source also mentioned that the number of government-backed SHGs has surpassed nine million, compared to just 2.13 million in 2013-14. Additionally, the number of village organisations has risen from 88,105 in 2013-14 to 502,660.

The government led by Narendra Modi would have completed the construction of over 37 million rural houses by March. This surpasses the approximately 32 million houses constructed over 29 years under the former Indira Awas Yojana, highlighting the government's emphasis on rural development. According to the official, under the PM Awas Yojana (Gramin), the Modi government aims to finish the construction of 29.5 million houses by March, ensuring that every rural family has their own home. Additionally, the NDA government had built 7.6 million houses under the Indira Awas Yojana between 2014 and 2016, as mentioned by the source who preferred to remain anonymous. The PMAY (Gramin) was launched in November 2016, replacing the earlier Indira Awas Yojana. The scheme involves the Centre covering 60% of the construction cost in most states, with state governments contributing the remainder. However, in north-eastern and hilly states, the Centre's contribution increases to 90%, and in Union territories, it reaches 100%. Regarding women's economic participation, the rural development ministry plans to enhance the involvement of women through self-help groups (SHGs), according to the same source. The goal is to increase the number of women earning over Rs 0.1 million per year from the current 10 million to 30 million in the coming years. The ministry intends to implement measures that support women in achieving sustainable livelihoods. The source also mentioned that the number of government-backed SHGs has surpassed nine million, compared to just 2.13 million in 2013-14. Additionally, the number of village organisations has risen from 88,105 in 2013-14 to 502,660.

Next Story
Real Estate

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Next Story
Infrastructure Energy

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Next Story
Infrastructure Urban

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement