Green signal for ₹60,000-cr National Urban Housing Fund

The Hindu, Business Line, Feb 20, 2018

The Union Cabinet on Tuesday approved setting up of a ₹60,000-crore National Urban Housing Fund (NUHF) to facilitate the implementation of the Pradhan Mantri Awas Yojana (Urban) Mission and to ensure that every poor living in the urban areas has a home by 2022.
The NUHF will be set up in the Building Materials and Technology Promotion Council (BMTPC), an autonomous body under the Ministry of Housing and Urban Affairs.
To monitor the NUHF, a committee will be formed in the Ministry which will be chaired by the Joint Secretary/Mission Director PMAY(Urban).
“The Cabinet having approved the NUHF provisioning for funds amounting to ₹60,000 crore over a period of four years, there will be an added momentum to the pace of implementation,” Minister of State (Independent/Charge) for Housing and Urban Affairs, Hardeep Singh Puri said.
By March, a total of 45 lakh houses are expected to be sanctioned under the mission. Under the programme, launched on June 25, 2015, a total of 39.4 lakh houses have been sanctioned till date, he added.

Highway project

The Cabinet Committee on Economic Affairs has given its approval for the construction of 4.5-km long two-lane, bi-directional Silkyara Bend-Barkot Tunnel on Dharasu -Yamunotri section in Uttarakhand. The total project cost is ₹1383.78 crore.

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