AC enhances subsidy amount to Rs 70326 for urban poor under PMAY (U)

Jammu: The Administrative Council (AC) which met here under the chairmanship of the Lieutenant Governor, Manoj Sinha gave its approval to enhancement of UT subsidy from present Rs.16666 to Rs.70326 for eligible Beneficiary Led Construction (BLC) beneficiaries of PMAY (U) in lieu of Interest Free Loan (IFL) scheme.
Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor; Atal Dulloo, Chief Secretary; Mandeep Kumar Bhandari, Principal Secretary to Lieutenant Governor attended the meeting. The beneficiaries under this scheme includes identified BLC beneficiaries of PMAY (U) who on the date of issuance of the allied government order have not completed their dwelling units. This step is slated to benefit presently 26419 households in preliminary stage.
The proposal aims to provide additional financial assistance to identified beneficiaries of PMAY(U) under BLC vertical which will help them in completion of construction of their houses within Mission period i.e Dec 2024.
In the UT, beneficiaries face challenges in contributing to the larger house construction component and this decision has been taken to facilitate the beneficiaries in completion of their houses with enhanced assistance.