Centre allocates additional 1.99 lakh houses to J&K under PMAY-G

06 Jun 2023 CW Team

The Centre has allocated an additional 1.99 lakh houses to Jammu and Kashmir under the 'Pradhan Mantri Awaas Yojna-Gramin' (PMAY-G) to fulfill the permanent waiting list of the Union Territory. This significant allocation aims to saturate the 'AwaasPlus' waiting list during the 2023-24 period, according to officials. The Rural Development Department is set to sanction the targeted houses by June 30.

The Union Ministry of Rural Development has provided the highest allocation among all Union Territories in India for Jammu and Kashmir under this flagship scheme, as stated by an official spokesperson. This move demonstrates the priority given by Prime Minister Narendra Modi and Union Minister for Rural Development Giriraj Singh to the development of Jammu and Kashmir, fulfilling the aspirations of numerous families.

Expressing gratitude, Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, thanked Prime Minister Narendra Modi and Union Minister Giriraj Singh for their support. In a tweet, he acknowledged the allocation of an additional target of 1,99,550 houses under PMAY-G for Jammu and Kashmir, emphasising that it is a significant step towards achieving the objective of "Housing for All." This allocation of houses reflects the government's commitment to ensuring affordable and quality housing for all residents of the Union Territory, contributing to their overall well-being and social progress.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..