Karnataka lags in PMAY-G with 30 per cent houses completed
According to queries by multiple MPs, the primary reason cited is the low unit cost sanctioned for house construction, which they argue is insufficient to meet current material and labour costs. According to sources, the lack of available land is also cited as one of the major reasons behind the poor performance.
According to data shared by the Ministry of Rural Development in response to a Lok Sabha query, Karnataka was allocated 9.44 lakh houses under PMAY-G since its launch in April 2016. However, as of August 13, 2025, only 5.25 lakh houses have been sanctioned, and a mere 1.58 lakh completed. This reflects a completion rate of just 30.28%, significantly lower than the national average of 73.5%.
Other southern states have shown relatively better performance. Tamil Nadu where free land is provided to landless labourers has completed around 6.48 lakh houses out of 7.42 lakh sanctioned, achieving a completion rate of approximately 87.3%. Andhra Pradesh, though allocated fewer houses, has a completion rate of about 36% with 89,061 homes built out of 2.46 lakh sanctioned. Kerala, on the other hand, has lagged significantly with just 34,388 houses completed out of 76,278 sanctioned, reflecting a rate of around 45%.
The MPs expressed concern that the scheme's financial support - currently around Rs 1.2 lakh per unit in plain areas does not reflect the real cost of construction in today's economy. They pointed out that rising prices of building materials, transportation, among others have made it nearly impossible for rural beneficiaries to build livable homes within the current outlay.
Despite these concerns, the Ministry of Rural Development clarified in its official response that there is no proposal under consideration to increase the unit cost of houses under PMAY-G. The government maintains that the scheme functions through convergence with other rural welfare initiatives such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which offers additional unskilled labour, and Swachh Bharat Mission-Gramin for toilet construction.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
27 minutes ago
- Indian Express
Online gaming companies move to shut paid operations as gaming Bill gets Rajya Sabha nod
The Rajya Sabha's approval of the online gaming Bill Thursday has drawn the final curtain on India's booming real-money gaming industry. What was once a bustling digital arena of wagers and winnings now stands eerily silent, as leading platforms suspend paid play and others fold entirely. Lawmakers hail the measure as a shield against harm, but to thousands of workers and millions of players, it feels like the lights have dimmed on a once-thriving stage. Opinion trading platform Probo, in a message displayed on its app, said that 'in light of recent developments, we have paused all recharge activities in your best interest,' while requesting users to withdraw funds. Dream11, the country's biggest fantasy sports app and the Indian cricket team's main jersey sponsor, also communicated to its employees that it will wind down its real money operations. Zupee, another gaming platform, said it was discontinuing paid games, with users able to play free titles. 'Everyone will shut down paid operations for now, as the industry prepares a legal roadmap to challenge the law,' a senior gaming industry executive said. The Promotion and Regulation of Online Gaming Bill, 2025, now passed by both houses of Parliament, outlaws online money gaming services and penalises their celebrity endorsers. The Bill has been drafted over national security concerns related to online gaming platforms, including the use of digital wallets and cryptocurrencies for money laundering and illicit fund transfers, these platforms serving as potential messaging and communication grounds for terror organisations, and offshore entities circumventing Indian tax and legal obligations, among others. The government will prohibit any person from offering online games in India, failing which they could be imprisoned for up to three years, and penalised Rs 1 crore. Those promoting such platforms, such as social media influencers, will also face jail time of two years, and a penalty of Rs 50 lakh. The government will also prohibit banks and financial institutions from facilitating financial transactions on such platforms. The Bill applies to all online money gaming platforms irrespective of whether they are games of skill or chance, a distinction the industry had lobbied hard for in the past. The Bill said that the unchecked expansion of online money gaming services has been linked to 'unlawful activities including financial fraud, money-laundering, tax evasion, and in some cases, the financing of terrorism, thereby posing threats to national security, public order and the integrity of the State'. The parallel proliferation of online money games accessible through mobile phones, computers and the internet, and offering monetary returns against user deposits has led to 'serious social, financial, psychological and public health harms, particularly among young individuals and economically disadvantaged groups,' it said.
Indian Express
27 minutes ago
- Indian Express
Can explore pilot on regulated platform for pre-IPO share trading, says Sebi Chairman
The Securities and Exchange Board of India (Sebi) is considering to launch a pilot programme for a regulated trading platform where companies can trade shares before their initial public offerings (IPO). 'Can we think of an initiative on a pilot basis for a regulated venue where pre-IPO companies can choose to trade subject to certain disclosures?' the regulator's Chairman Tuhin Kanta Pandey said. The new platform will help in reducing grey market activity in companies unlisted shares. The grey market refers to the unofficial trading of securities even before being listed on stock exchanges. This is an unregulated market and works on demand and supply, with investors purchasing or selling shares notionally in the grey market even before they get listed. The Sebi is also mulling ways to improve the tenor and maturity profiles of the derivative products, its Chairman Tuhin Kanta Pandey said on Thursday. The proposed measures would be aimed at introducing longer-term derivative products, he said. Derivative products derive their value from underlying assets that could include stocks, commodities and currencies. Derivatives or futures and options (F&O) markets assist in better price discovery, improve market liquidity and allow investors to manage their risks better. 'We have often stated that equity derivatives play a crucial role in capital formation, but we must ensure quality and balance. We will consult with stakeholders on ways to improve, in a calibrated manner, the tenor and maturity profiles of derivative products, so that they better serve hedging and long-term investing,' Pandey said at the annual capital markets conference organised by FICCI. Currently, most derivatives in the country have either weekly or monthly expiry. Extending the tenure would make these products suitable for hedging and long-term investing. The derivatives segment has been an exponential surge in trading volumes, with the majority of traders incurring losses. A Sebi study released last year found that close to 93 per cent, or 9 out of 10 individual traders, in the equity F&O segment incurred losses, with aggregate loss exceeding Rs 1.8 lakh crore between FY22 and FY24. In the recent past, the markets regulator has announced a raft of reforms to strengthen the derivatives market and to restrain speculative trading. These measures included recalibration of contract size for equity derivatives, rationalization of weekly index derivatives products and increase in tail risk coverage on the day of options expiry. Pandey said that SEBI's approach in relation to equity derivatives has been thoughtful and consultative. The regulator is also looking to deepen the cash equities market, which is the true foundation of capital formation. 'Volumes in the cash market have grown rapidly, doubling in terms of daily traded volumes over a period of just three years. However, much more needs to be done,' he said.
Hindustan Times
27 minutes ago
- Hindustan Times
ONOE will aid India's constitutional goals: Ministers
Union cabinet ministers Arjun Ram Meghwal and Bhupinder Yadav on Thursday voiced strong support for One Nation One Election (ONOE) at a symposium in Delhi, stating that the reform will not only transform the country's economic landscape but also aid in achieving the constitutional goals of social, economic, political justice, equality and fraternity. ONOE will aid India's constitutional goals: Ministers Union law minister Arjun Ram Meghwal said ONOE is not a decision taken in haste but a long-considered reform involving decades of deliberation, that can only be implemented by Prime Minister Narendra Modi Union environment Minister Bhupinder Yadav said that the simultaneous elections must not be the agenda of a single political party but a necessary step for serving nation's collective interest. Speaking at the symposium organised by the organisation Lawyers Voice on 'One Nation One Election: Need of the Hour' at the Delhi high court, Meghwal said that holding simultaneous elections to the Lok Sabha and state assemblies could lead to a 1.5% increase in the country's GDP and accelerate India's progress in becoming the third largest economy. 'We are already the fourth-largest economy in the world, and soon we will become the third-largest. This reform will only accelerate our progress,' he said. The law minister, in his speech, also addressed the concerns about the lack of consensus and clarified that the government consulted 47 political parties in this process. 'A lot of people say that the decision was taken without consultation but we invited 47 political parties and 32 out of 47 agreed. 15 said that they disagree with it. We have the Law Commission's report, the parliamentary standing committee's report of 2015, Niti Aayog has also supported simultaneous elections,' the minister said. Meghwal said that even public opinion is in favour of simultaneous elections. 'We received 5,032 responses through our website, and 3,837 supported One Nation, One Election. This shows that the public, too, wants this reform,' he added. Adding to the discourse, Yadav, while calling elections a means to secure people's mandate, said that ONOE would also ensure better coordination between Centre and the state governments in implementation of developmental reforms. 'Elections are the means to seek people's mandate and work towards the betterment of the country and that is why conducting one nation one election is important. This reform will help strengthen democratic values by ensuring that every citizen's voice—rich or poor—is represented effectively in Parliament,' Yadav said. Also known as simultaneous elections, ONOE proposes aligning the election cycles of the Lok Sabha and State Assemblies by allowing the voters to cast their ballots for both tiers of government on the same day in their constituencies. The proposal was a part of the BJP's 2024 poll manifesto and is backed by Prime Minister Narendra Modi, who argues that it will trim election costs and shift focus to governance. Union Law Minister Arjun Ram Meghwal had introduced the Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, commonly called the one nation, one election Bill in Lok Sabha in December last year and was later referred to the Joint Parliamentary Committee (JPC).
