ENA Economy 2024-07-23 12:15:23 <p><span style="font-size:14px"><strong>New Delhi, Jul 23 (KNN)</strong> Finance Minister Nirmala Sitharaman has unveiled a significant expansion of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) in the latest budget announcement.</span></p> <p><span style="font-size:14px">The scheme, now entering its second phase, aims to address the housing needs of 10 million poor and middle-class families across India's urban areas.</span></p> <p><span style="font-size:14px">According to Sitharaman, the government plans to invest a total of 10 trillion rupees in this ambitious housing initiative over the next five years.</span></p> <p><span style="font-size:14px">This includes a substantial central assistance component of 2.2 trillion rupees.</span></p> <p><span style="font-size:14px">The Finance Minister stated, Under the PM Awas Yojana-Urban 2.0, we will tackle the housing requirements of 1 crore poor and middle-class families. </span></p> <p><span style="font-size:14px">This move represents a significant scaling up of the government's efforts to provide affordable housing in urban areas.</span></p> <p><span style="font-size:14px">The announcement comes as part of the broader budget strategy to boost infrastructure and address urban development challenges.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38705 https://knnindia.co.in/news/newsdetails/economy/nirmala-sitharaman-announces-rs-10-trillion-investment-in-expanded-pmay-u-scheme 2024-07-23 12:15:23 knnindia.co.in