![]() In the absence of a substantial ramp-up in budgetary allocation, the execution could continue to lag, while the dependence on extra budgetary resources is likely to remain elevated. 1.24 lakh crore is required to be plugged in the next 1.5 years to meet the near-term target,” said Kapil Banga, assistant vice-president and sector head, ICRA.Īlthough the cabinet had approved a Rs 60,000-crore dedicated affordable housing fund – the National Urban Housing Fund - in 2018 to support the PMAY programme implementation, a considerable portion of the same has already been utilised, raising the need for more allocation. 47,500 crore (including budgeted EBR), thus a large gap of Rs. However, in terms of expenditure trend, the actual consolidated expenditure on PMAY in FY20 was Rs 25,000 crore, the RE for FY21 was Rs 40,500 crore, while the aggregate budgetary allocation for FY22 is only Rs. 1.71 lakh crore (~37%) of the expenditure would be required to be incurred within the next 1.5 years to complete the construction of the balance units by 2022 to meet the near-term scaled down target. 2.97 lakh crore has been incurred in the last five years but a whopping Rs. “Thus, in aggregate, out of the required Rs. 1.81 lakh crore towards the revised targets under the PMAY-Urban. ![]() 0.95 lakh crore (53%) out of the total estimated requirement of Rs. ![]() Further, it has allocated/committed Rs 1.81 lakh crore and has incurred only Rs. 16,000 crore and pending expenditure of Rs 86,000 crore. 2.88 lakh crore for the revised targets of PMAY-Rural, leaving pending commitment/allocation of Rs. 2.02 lakh crore (74%) out of the total estimated requirement of Rs. Thus far, the government has allocated/committed Rs.
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