BREAKING NEWS
New Credit Card Rules from September, 2024: Updates on FDs, Aadhaar etc. New Credit Card Rules from September, 2024: Updates... After CCI, NCLT gives green light to Viacom 18-Star India INR 70,000 Cr Merger After CCI, NCLT gives green light to Viacom... Sovereign Gold Bonds Vs. Physical Gold: Which Is the Ultimate Investment Strategy for You? Sovereign Gold Bonds Vs. Physical Gold: Which Is... Simple Energy Secures USD 20 Million to Supercharge E-Scooter Production and Transform EV Market Simple Energy Secures USD 20 Million to Supercharge... The Power of Systematic Transfer Plans (STP) Over SIPs for Smarter Wealth Growth: Know How to Maximize Your Wealth The Power of Systematic Transfer Plans (STP) Over... ITC to Invest INR 20,000 Crore in India’s Growth: New Products, Market Expansion and Strategic Innovation ITC to Invest INR 20,000 Crore in India’s... ONDC Surpasses 5.7 Lakh Sellers: Rapid Growth and Expanding Digital Commerce Network in India ONDC Surpasses 5.7 Lakh Sellers: Rapid Growth and... 71% Intraday Traders Lose Money And 76% Under 30 Face High Loss Rates: Check What Else This New Study By SEBI Says For FY23 71% Intraday Traders Lose Money And 76% Under... Special Packages to Boost Bihar and Andhra Pradesh: Check How Budget 2024 is Strengthening its Key Allies Special Packages to Boost Bihar and Andhra Pradesh:... Union Budget 2024: An INR 1.52 Lakh Crore Boost for Agriculture and Sustainable Farming Practices Union Budget 2024: An INR 1.52 Lakh Crore...

Modi’s New Cabinet Approves Construction of 3 Crore Rural, Urban Houses: New Cabinet, New Houses, New India

On June 10, 2024, PM Modi's new Cabinet decided to build 3 crore houses in rural and urban areas under PMAY. They aim to provide homes for everyone with basic amenities, boosting job creation and economic growth. This supports the government's goal of 'Housing for All' by 2024

Advertisement
Modi’s New Cabinet Approves Construction of 3 Crore Rural, Urban Houses: New Cabinet, New Houses, New India

PMAY

The newly elected Modi 3.0 Govt. started its work on Monday, June 10, 2024 with new enthusiasm and aggressive plans. The new Cabinet held their first meeting and made a huge decision of building 3 crore houses in rural and urban areas. This decision was made just one day after Modi was sworn in for his third term as Prime Minister in a grand ceremony at Rashtrapati Bhavan.

PMAY: Since 2015

Pradhan Mantri Awas Yojana (PMAY) was started in 2015-16 to help people in rural and urban areas build homes with basic amenities. So far, 4.21 crore houses have been built for poor families through various housing schemes under PMAY. These homes come with essential facilities like toilets, LPG connections, electricity, and water taps.

New Plan for More Houses

In the 2024 election campaign, the BJP promised to build an additional 30 million houses under PMAY. The Cabinet’s decision to build these houses shows their strong commitment to provide homes to everyone.  In her budget speech, Finance Minister Nirmala Sitharaman mentioned this plan and said, “We will build 2 crore more houses in the next five years to meet the growing needs of families. This project aims to reduce the housing shortage and improve the quality of life for millions of people by providing safe and decent living conditions.”

Also Read: Repo Rate Unchanged at 6.5%, Raises FY25 GDP Growth Forecast: RBI brings AI-Powered Policy

“One for All, All for One”

This decision is a collective effort of the NDA government to tackle housing problems. All the 72 ministers, including the 11 Ministers from the NDA allies agreed for this. Key ministers like Amit Shah, S. Jaishankar, Nirmala Sitharaman, and Rajnath Singh kept their positions and showed happiness for their first decision as move towards PM Modi’s 3.0 term.

Housing For All by 2024

As Modi 3.0 begins with this housing project, the main goal of this new government is to support growth and development in India. The construction of these houses will create jobs, boost the economy and give a big push to the construction industry.

With the approval of constructing 3 crore rural and urban houses, the new Cabinet is showing its dedication to improving housing and living standards for everyone. This is a major step towards the government’s aim of ‘Housing for All’ by 2024.


About Author 

This article has been written by Mr Radhesh Tarang Shah, who is a third-year management student at Institute of Management, Nirma University. He has a passion for writing articles and poems. He has experience as a financial analyst, author, news writer, marketer and social worker.

About the Author

Other Articles: 204

GMT News Desk

Bio: The proposed entity has its fair share of challenges ahead of it. The Indian media market is constantly changing, and the new entity will have to adapt accordingly. Besides that, it also faces stringent competition from other media giants like Netflix and Sony, which recently cancelled its own ambitious merger with Zee.

Similar News