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

CREDAI Nashik Metro Honours Real Estate Excellence At Annual Industry Awards Ceremony

CREDAI Nashik Metro Honours Real Estate Excellence At Annual Industry Awards Ceremony

0
Nashik’s real estate sector took centre stage this week as industry leaders, policymakers and urban experts gathered for the CREDAI Nashik Metro Real Estate...
Maharashtra Sees Sluggish MahaRERA Recoveries With Only 33 Percent Of Rs 792 Crore Collected

Maharashtra Sees Sluggish MahaRERA Recoveries With Only 33 Percent Of Rs 792 Crore Collected

0
Maharashtra’s real estate regulatory authority continues to struggle with enforcing monetary recoveries, with official data showing that only about 33 per cent of the...
New Delhi Inaugurates WHO South East Asia Regional Office Building Virtually Today

New Delhi Inaugurates WHO South East Asia Regional Office Building Virtually Today

0
New Delhi has reinforced its role as a global public health nerve centre with the inauguration of the World Health Organization’s newly constructed South-East...
Concord Control Secures ₹56.58 Crore Indian Railways Order For Locomotive Safety Systems

Concord Control Secures ₹56.58 Crore Indian Railways Order For Locomotive Safety Systems

0
Indian Railways has taken another step towards modernising its vast rail network by awarding a ₹56.58 crore contract for advanced locomotive safety systems to...
Mumbai Slum Encroachments On Rail Land Delay Major Suburban Rail Expansion Projects

Mumbai Slum Encroachments On Rail Land Delay Major Suburban Rail Expansion Projects

0
Mumbai’s ambitious plan to expand its suburban railway network is facing persistent delays as large stretches of rail land remain encroached by long-standing informal...