PMAY-G aims at providing a pucca house, with basic amenities, to all houseless households and those households living in kutcha and dilapidated house, by 2022.
The implementation of PMAY-G is being done by the Ministry of Rural Development (MoRD), Government of India (GoI). Around 2.95 crore houses are to be constructed under PMAY-G by 2022 in a phased manner, out of which one crore houses are expected to be completed by March 2019.
Out of the total financial requirement of Rs.81,975 crore for construction of one crore houses in a period of 3 years (2016-17 to 2018-19), an amount of Rs.60,000 crore are expected to be met from budgetary sources and the balance financial requirement of Rs.21,975 crore are proposed to be met through borrowings from NABARD.
During 2017-18, an amount of Rs.9,000 crore was sanctioned by NABARD to NRIDA for funding central share under PMAY-G against which an aggregate amount of Rs.7329.43 crore was availed during the year.