✔One of the Biggest Pro-poor policy after Independence. ✔One of the biggest scheme after Independence ...one of the biggest example of Good Governance.
Pradhan Mantri Awaas Yojana was launched by Hon'ble Prime Minister Narendra Modiji ,in June 2015 to fulfill the housing needs of rural and urban poor.
Pradhan Mantri Awas Yojana (PMAY) aims to fuel the concept of ‘housing for all’.This scheme proposes to build more than 2 crore/20 million houses by 2022 for the urban and rural population of India. The policy is meant to promote affordable housing for those belonging to economically weaker sections of society and low-income groups.
The project requirement of around 50 million tonnes of steel and 100 million tonnes of cement to construct 2 crore houses under Pradhan Mantri Awas Yojana by 2022.
So, we can expect big investment in steel and cement industry.We can expect 5-6 large scale steel plants , average capacity 10 mtpa and 20-25 large scale cement plants average capacit 3-4mtpa by 2022.
Modi govt also announced 100 smart city project,100 airport, Raiway infrastructure,Bharat mala, Sagar mala project and 110 lakh crore /$1.5 trillion (NIP) infrastructure investment plan over the next 5yrs.
We can expect big investment from SAIL,Tata steel,JSW,Shyam steel ,Electrosteel Steel ,Ambujacement, ACC, Jindal cement,Ramco,UltraTech Cement,Dalmia Bharat,Shree cement etc.
Employment opportunities under Pradhan Mantri Awaas Yojana
Approx 3.65 crore/36.5 million jobs would be generated in the construction of houses sanctioned under the Pradhan Mantri Awas Yojana (Urban) in the country...... so far, 1.65 crore/16.5 million jobs have already been generated under the PMAY(U).
Finally this project will be one of the landmark scheme by modi govt. This project can boost social inclusion and economic growth.
