Indira Awaas Yojana (IAY) was launched in May 1985 as a sub-scheme of Jawahar Rozgar Yojana and as an independent scheme since 1 January 1996.
Assistance for construction of new house is provided at the rate of Rs. 35000/-and Rs. 38,000/- per unit in the plain and hilly/ difficult areas respectively.
Since inception in 1985, 212.95 lakh houses have been constructed with funding of Rs.52927.26 crore. A total of 71.75 lakh house (120%) were constructed under I phase of Bharat Nirman (2005-2009) (up Sept 09).
The Central allocation for IAY during 2008-09 was Rs 8800 crore which includes Rs. 3050 crore provided as part of economic stimulus package released at the end of the year 2008-09. In 2008-09, 21.32 lakh house (100.32%) were constructed as against target of 21.21 lakh house. The Central allocation for the current Financial Year i.e 2009-10 is Rs. 8800.00 crore. This year amount plus the amount of released as stimulus package at the end of 2008-09 will enable construction of 40.52 lakh houses, which is the target for the year 2009-10.
Assistance for construction of new house is provided at the rate of Rs. 35000/-and Rs. 38,000/- per unit in the plain and hilly/ difficult areas respectively.
Since inception in 1985, 212.95 lakh houses have been constructed with funding of Rs.52927.26 crore. A total of 71.75 lakh house (120%) were constructed under I phase of Bharat Nirman (2005-2009) (up Sept 09).
The Central allocation for IAY during 2008-09 was Rs 8800 crore which includes Rs. 3050 crore provided as part of economic stimulus package released at the end of the year 2008-09. In 2008-09, 21.32 lakh house (100.32%) were constructed as against target of 21.21 lakh house. The Central allocation for the current Financial Year i.e 2009-10 is Rs. 8800.00 crore. This year amount plus the amount of released as stimulus package at the end of 2008-09 will enable construction of 40.52 lakh houses, which is the target for the year 2009-10.
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