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Bihar CM Transfers ₹1,200 Crore to PMAY-G Beneficiaries via DBT
By PropertyGeld Editorial Team
Published on PropertyGeld:
On March 5, 2025, Bihar Chief Minister Nitish Kumar transferred ₹1,200 crore directly into the bank accounts of 3 lakh beneficiaries under the Pradhan Mantri Awas Yojana - Gramin (PMAY-G) via Direct Benefit Transfer (DBT). In addition to this financial aid, eligible recipients will receive further monetary assistance to help construct permanent housing.
Financial Assistance Under PMAY-G
The Bihar government has initiated the first installment for PMAY-G beneficiaries, depositing ₹40,000 per recipient, amounting to a total expenditure of ₹1,200 crore. The second and third installments, totaling ₹80,000, will be distributed within the next 100 days.
Under this scheme, each beneficiary receives ₹1.2 lakh in three phases to build a pucca house. The funding structure includes:
- 40% contribution from the Bihar State Government (₹48,000 per beneficiary)
- 60% contribution from the Central Government
Housing Development Targets for Bihar
- The State has been assigned a target of 2.44 lakh houses under PMAY-G by September 2024.
- The Union Ministry of Rural Development allocated an additional 5.47 lakh houses on January 27, 2025.
- The total housing target for FY 2024-25 stands at 7.91 lakh homes.
Additional Financial Benefits
Apart from housing assistance, beneficiaries will receive:
- ₹12,000 for toilet construction under the Lohia Swachh Bihar Abhiyan.
- 90 days of unskilled labor employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), with wages totaling ₹22,050.
Impact on Affordable Housing & Real Estate
Government initiatives like PMAY-G play a crucial role in enhancing living standards and fostering rural development. The increased demand for affordable housing is expected to boost real estate value in growing residential clusters.