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
Infrastructure Transport

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Next Story
Infrastructure Urban

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Next Story
Infrastructure Urban

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement