PMAY creates over 1.2 cr employment opportunities so far


New Delhi, May 29 (IANS): The Centre's flagship housing programme - Pradhan Mantri Awas Yojana - has created over 1.2 crore employment opportunities, said Grant Thornton Bharat's 'Affordable Housing in India' report.

The report cited that these employment opportunities so far were created through forward and backward linkages across 21 sectors.

Besides, the report said that these sectors include 250 auxiliary industries like steel, brick kilns, cement, paint, hardware and sanitary amongst others.

In terms of stakeholder impact, the report pointed out that PMAY has benefited nearly 5.8 lakh senior citizens, 2 lakh construction workers, 1.5 lakh domestic workers and 1.5 lakh artisans.

"The extent of investment in the housing sector has both direct and indirect effects on other sectors of the economy," said T. Ravinder Reddy, Partner, Public Sector, Grant Thornton Bharat LLP.

"Due to the strong interlinkage between various sectors of the economy, any investment made in one sector has multiplied effects on other sectors, inducing economy-wide growth and employment opportunities."

According to Reddy: "This is more so in the construction sector, which has strong backward and forward linkages with other sectors of the economy."

"In this context, investments made towards addressing the housing shortage offers an opportunity to stimulate growth in the economy as the sector is recognised for its potential for generating employment opportunities."

As per the report, the scheme has had an overall positive impact on the Indian economy.

"Steel and cement industry got a big boost with demand of over 13 million MT of steel and 17.7 million MT of cement for building of sanctioned houses," the report said.

"In terms of usage of renewable sources of energy, more than 31 Lakh sq. m. roof top would be available for solar grid installation under the Affordable Housing Partnership vertical."

The demand across ancillary sectors such as frame and furniture, transport, iron & steel, electrical, paints and plumbing equipment has also seen a rapid surge.

Under PMAY, more than 11 million houses have been sanctioned, 8 million grounded and 4.8 million completed, across the nation.

The Ministry of Housing and Urban Affairs has committed over $24 billion for the scheme's successful implementation, with total investment amounting close to $ 100 billion.

 

  

Top Stories

Comment on this article

  • Joe, Mangalore

    Sat, May 29 2021

    If the claims are correct they will win the elections if not people will send modi to old age home as the did to congress. People want employment and development they are not bothered in reports.

    DisAgree Agree [10] Reply Report Abuse

  • Rajesh Kumar, Mangalore

    Sat, May 29 2021

    Dont joke

    DisAgree [2] Agree [8] Reply Report Abuse

  • El En Tea, Mangalore

    Sat, May 29 2021

    Only 2% khaki to believes rest are not Andh bhakts

    DisAgree [1] Agree [13] Reply Report Abuse

  • Veer, Nagpur

    Sat, May 29 2021

    All migrant construction workers have returned home and are sitting at home without jobs, so who is building PMAY houses, Gau Matha Cows????.......

    DisAgree [2] Agree [12] Reply Report Abuse

  • Sameer, Riyadh

    Sat, May 29 2021

    Under PMAY, more than 11 million houses have been sanctioned, 8 million grounded and 4.8 million completed, across the nation. ;) :) ;) Kahan hai bhai..hamein bhi dekhna hai or is it like the photo of the Bengal lady which was published in the newspaper who lives in a rented house? Pradhan mantri ki tarah the claims are hollow.

    DisAgree [1] Agree [11] Reply Report Abuse

  • Veer, Nagpur

    Sat, May 29 2021

    So total houses on ground and built became 12.8 million more than sanctioned 11 million. PM Bahai, Jara Soch Ke Feko.

    DisAgree [1] Agree [11] Reply Report Abuse

  • Daniel, Mangalore

    Sat, May 29 2021

    If this report showed the opposite of this result this report would have been 100% authentic. Now since its not in your favour not authentic. Hypocrisy at its best

    DisAgree [2] Agree [9] Reply Report Abuse

  • Veer, Nagpur

    Sat, May 29 2021

    Most of the people have lost jobs. All are observing Covid guidelines and sitting at home. GDP is 35% low and job numbers are 25 years low, All businesses are flat and banks are getting merged then where is the opportunities for employment in this scenario. You can fool your own retarded blind bhakths but not educated people. Govt is claiming no money, transport, govt land health care workers haven’t been paid then where is the money with govt to invest??????.......

    DisAgree [3] Agree [8] Reply Report Abuse

  • Ramesh, Udupi

    Sat, May 29 2021

    Do you think we are fools to believe this news. in India 23 crore people went below poverty line in a year.

    DisAgree [2] Agree [11] Reply Report Abuse

  • william, mangalore

    Sat, May 29 2021

    Is it FAKE

    DisAgree [1] Agree [11] Reply Report Abuse

  • BASIL DSOUZA, Mangalore

    Sat, May 29 2021

    Mr. PM you have not mentioned which country ????1.2 cr employment opportunities.

    DisAgree [1] Agree [17] Reply Report Abuse


Leave a Comment

Title: PMAY creates over 1.2 cr employment opportunities so far



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.