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

MahaRERA Directs Paranjape Schemes To Compensate Buyers For Project Delay

MahaRERA Directs Paranjape Schemes To Compensate Buyers For Project Delay

0
A recent regulatory ruling in Pune has reinforced the accountability framework for developers under India’s real estate law, with the Maharashtra Real Estate Regulatory...
MahaRERA Reviews 19 Buyer Complaints Over Sumeru Project Delay

MahaRERA Reviews 19 Buyer Complaints Over Sumeru Project Delay

0
The Maharashtra Real Estate Regulatory Authority has taken up multiple complaints concerning a residential project that remains incomplete several years after its promised delivery...
Shree Cement Greenlights Cement Plant Project In Meghalaya

Shree Cement Greenlights Cement Plant Project In Meghalaya

0
Shree Cement has advanced its expansion strategy with approval for a new integrated cement facility in Meghalaya, signalling a deeper push into India’s northeastern...
Bigg Boss 18 Star Chahat Pandey Purchases Second Mumbai Home

Bigg Boss 18 Star Chahat Pandey Purchases Second Mumbai Home

0
Mumbai’s residential real estate market continues to attract investments from emerging entertainment professionals, with Chahat Pandey acquiring her second home in the city. The...
India Coal Gasification Rules Aim To Boost Output

India Coal Gasification Rules Aim To Boost Output

0
India is advancing a new regulatory framework for coal gasification and mining operations, signalling a strategic shift towards maximising domestic resource use while addressing...