Kalaignar Kanavu Illam scheme: T.N. CM Stalin announces additional allocation of ₹400 crore
The Hindu
Tamil Nadu Chief Minister M.K. Stalin on Wednesday (December 18, 2024) announced that an additional allocation of ₹400 crore has been made under the Kalaignar Kanavu Illam scheme, launched to construct one lakh houses in the State.
Tamil Nadu Chief Minister M.K. Stalin on Wednesday (December 18, 2024) announced that an additional allocation of ₹400 crore has been made under the Kalaignar Kanavu Illam scheme, launched to construct one lakh houses in the State.
An official statement said for the fiscal year 2024-25, a sum ₹3,500 crore was allocated for the project, and each beneficiary would get ₹3,50,000. Permission has been granted for constructing one lakh houses and the work is in progress.
Based on each stage of construction, the amount is released to the beneficiaries directly through the Single Nodal Account. For this purpose, a sum of ₹1,051.34 crore has been allocated, out of which ₹860.31 crore has been released to the beneficiaries, the statement said.
Moreover, a sum of ₹135.30 crore has been provided for cement and steel procured at lower prices. So far, a cost of ₹995.61 crore has been incurred under the Kalaignar Kanavu Illam scheme.
The construction of houses under the scheme has been happening at a faster pace, and to further strengthen the process, a government order has been issued releasing an additional sum of ₹400 crore. With this, a total sum of ₹1,451.34 crore is available and released to beneficiaries based on the stages of construction, the official release said.
Tamil Nadu is taking measures to complete the construction of all the houses by the end of this fiscal year, it added.
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