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POLICY REVIEW

(Urban) has enabled sanction The impact of PMAY- Estimation using NIPFP
of 113.06 lakh houses with the HfA(urban) on the provision Methodology
total approved investment of of affordable housing has Using the PMAY-HfA (Urban)
Rs. 7.39 lakh crore (Table-3) been well documented. It has data as on 31 January,
st
consisting of central assistance not only provided roof over 2019 as well as data from
of Rs. 1.82 lakh crore, state the head of those who needed Detailed Project Reports
assistance of Rs.1.41 lakh it, but also provided gainful (DPRs), NSSO 68 roundand
th
crore and beneficiary share employment and income to other sources, the National
of Rs. 4.16 lakh crore. Out vast majority of workforce, Institute of Public Finance
of the sanctioned houses, particularly those in the and Policy (NIPFP, 2019) had
86.4 lakh units have already informal sector. In addition, estimated that 34.12 lakh
been grounded with the total through the strong multiplier houses which were grounded
investment of Rs. 2.79 lakh effects, it has contributed up to 31 January 2019 with
st
crore. considerably for the growth the estimated investment of
of the national economy.
Rs. 1.11 lakh crore including
Table-3: Progress of PMAY-HfA(Urban) governments’ contribution as
(as on 6th September, 2021) well as contribution by the
beneficiaries, and bank loans
Houses Sanctioned (Nos. in lakh) 113.06 would have generated total
Houses Grounded (Nos. in lakh) 86.41 employment of 172.17 crore
Houses Completed (Nos. in lakh) 50.21 person days of which direct
Total Investment (Rs. in lakh crore) 7.39 employment is 52.97 crore
person days and indirect
Central Assistance (Rs. in lakh crore) 1.82 employment is 119.20 crore
State Assistance (Rs. in lakh crore) 1.41 person days. In terms of
Beneficiary Contribution(Rs. in lakh crore) 4.16 number of jobs, the program
would have generated about
Source: MoHUA, PMAY- Dash Board, accessed on 16 September, 61.49 lakh jobs under all four
2021 verticals consisting of 18.92

Table 4: Impact of PMAY-HfA (U) Investments up to 31st January 2019 on Employment

Verticals Houses Employment Person Days Jobs (No. Lakh)
Grounded (No. Crore)
(No. Lakh)
Direct Indirect Total Direct Indirect Total

BLC & CLSS 20.06 26.17 40.06 66.24 9.35 14.31 23.06
(Individuals)

AHP, ISSR 14.56 26.80 79.14 105.94 9.57 28.26 37.83
& CLSS
(Apartments)

PMAY Total 34.62 52.97 119.20 172.17 18.92 42.57 61.49

Source: NIPFP, 2019

October 2021 Volume 22 No. 2 - SHELTER 53