PM evaluates the implementation of the plans made on I-Day

On Saturday, Prime Minister Narendra Modi reviewed the steps taken to carry out his Independence Day pledge to provide cheap loans for housing for the poor and middle class and solar power for homes.

PM Modi received a briefing from senior authorities on how the two pledges he made will be carried out. Additionally, he offered ideas for speeding up programs that would benefit the underprivileged and middle class.

“The prime minister spoke on securing affordable credit for low- and middle-income homes on Independence Day. According to an official statement, PM Modi assessed the steps taken to put this declaration into effect. According to the report, the PM also went through the plans for implementing the plan to provide houses with solar electricity.

On August 15, Mr. Modi declared from the Red Fort’s ramparts that the government will introduce a new program to assist low- and middle-income people living in urban areas in building their own homes.

In the next years, “we are coming up with a new scheme that will benefit those families who live in cities but are living in rented houses, or slums, or chawls, and unauthorised colonies,” he stated.

According to Mr. Modi, the government would waive interest on bank loans, enabling them to save thousands of rupees. “Earlier, Rs 90,000 crore were spent to build the houses of the poor; today, it has increased four times, and there are more than Rs 4 trillion being spent to build the houses of the poor,” he remarked.

The Prime Minister Awas Yojana (PMAY) received Rs 79,000 crore from the government as part of the Union Budget for FY24. Of this cash, about Rs 54,000 crore is allocated for PMAY-Gramin, while around Rs 25,000 crore is allocated for PMAY-Urban to cover project-related expenses.

The prime minister has always believed that everyone should endeavor to produce energy via solar energy in order to make India a strong nation. He has emphasized that during the next 25 years, the energy industry would be crucial in speeding India’s development.