HomeLatestKochi Civic Body Fails to Disburse PMAY and Life Mission Funds, Delays...

Kochi Civic Body Fails to Disburse PMAY and Life Mission Funds, Delays Housing Projects

The Kochi Municipal Corporation has come under fire for its failure to disburse crucial funds for the Pradhan Mantri Awas Yojana (PMAY) and Life Mission housing schemes, leaving 80 beneficiaries awaiting financial support. Despite having a substantial balance of ₹28 crore in its dedicated bank account for these schemes, the corporation has not released the necessary funds, delaying the completion of housing projects for families in need.

M G Aristotle, Secretary of the UDF Parliamentary Party in the corporation, expressed frustration over the situation: “We have learned that around 80 beneficiaries are still waiting for the release of funds. Despite the bank account having around ₹28 crore, the corporation has failed to disburse the funds, causing unnecessary delays in housing construction.”

Beneficiaries who have received partial payments are struggling to complete their homes. For example, Sudheesh T S from Palluruthy shared his experience, saying, “We received only ₹80,000 out of the ₹1.6 lakh that was due to us. They cite a shortage of funds, but we are struggling to complete the construction.” The corporation has pointed to delays in receiving the Union government’s share of funds as a key factor contributing to the issue. According to Mayor M Anilkumar, the corporation often has to rely on its own funds due to the delay in central disbursements. “We are asked to use our own funds temporarily, which will later be adjusted when the Union government’s share is received. This long delay in getting the central share hampers the implementation of the scheme,” said the mayor. However, local officials are reluctant to divert funds from other projects to meet the urgent housing needs. “If we divert funds from other earmarked projects for PMAY/Life Mission, we may be held accountable if those projects face delays,” said a senior official within the corporation. This ongoing delay has left many families in a difficult position, as they await the promised financial support to build homes under these vital housing schemes.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Kansai Nerolac Campaign Draws Focus To Urban Heat Stress

Kansai Nerolac Campaign Draws Focus To Urban Heat Stress

As Indian cities grapple with longer and more intense heatwaves, a recent public demonstration of heat reflective surface coatings has renewed attention on how...
India Cement Sector Navigates Fuel Transition

India Cement Sector Navigates Fuel Transition

India’s cement manufacturers are increasingly reducing their dependence on petroleum coke, or petcoke, and expanding the use of imported and domestic thermal coal as...
India Steel Sector Faces Global Trade Questions

India Steel Sector Faces Global Trade Questions

India has rejected claims that its steel industry is operating with excessive production capacity, arguing that domestic demand linked to infrastructure expansion, housing growth...
Steel Sector Signals New Infrastructure Cycle

Steel Sector Signals New Infrastructure Cycle

India’s leading steel producers are witnessing renewed investor interest as analysts reassess the sector’s prospects against a backdrop of sustained infrastructure spending, manufacturing expansion...
India Pushes Relief For Steel Exporters

India Pushes Relief For Steel Exporters

India is intensifying efforts to secure protections for small and medium-sized steel exporters ahead of the United Kingdom’s planned overhaul of steel import rules,...