A Parliamentary Standing Committee has asked the Ministry of Housing and Urban Affairs to prepare a comprehensive vision document and an investment plan for the next 22 years to achieve the goal of making India a developed nation by 2047.
In a report in both houses of Parliament on Wednesday, the Standing Committee on Housing and Urban Affairs asked for an increase in the head assistance, which Prime Minister Avas Yojana – Urban 2.0, to reflect the increased construction costs for the major housing scheme. The committee demanded a review of the ministry’s stand on keeping the guidelines of the scheme unchanged so that people with financially weaker houses, especially annual income 3 lakhs, can benefit.
Telugu Deemsam Party legalist Magunta Srinivasulu Reddy led panel that for detailed guidelines 2,500 crore scheme for industrial housing and for industrial housing The 10,000 crore urban challenge funds announced in the budget in February have not yet been finalized.
The committee questioned a size-fit-all approach of financial assistance for the Prime Minister’s e-bus service scheme, given the different financial capacity of various urban local bodies within the states and within the states.
The panel first suggested a vision document in March 2025, a month after the Union Budget. In her latest report, it was said that individual plans cannot function as a road map. The committee said that the central, state and urban local governments departments can work in coordination by taking advantage of budgetary and additional budgetary resources for the target according to a road map.
The panel called for an alignment of budgetary allocation with a comprehensive vision of “Wikit India (developed India)”, which broke for five -year investment goals. This urged the Ministry to conduct consultation and to prevent the schemes from spilling for later years to finalize the scheme before budget announcements.
In March, the committee expressed concern over the ministry using only half of the budget funds of FY 2024-25 by January, even the Finance Minister made urban development fifth of the nine priorities.
By 2047, about 50% of India’s population will remain in urban areas, and their contribution to GDP will be around 80%, the Parliamentary Committee said.
