"As many as 51,171 beneficiary families have so far been identified and registered for the sanction of funds. The process of registration and sanction of funds to the listed beneficiaries is going on in full swing," said an official release here.
The PAY is a demand-based 100 per cent state-funded scheme, which aims at providing houses to two lakh poor families living in the rural areas.
Initially, approximately two lakh families are planned to be covered under PAY within a period of two years --2013-14 and 2014-15. The project is estimated to cost Rs 1,350 crore.
The entire amount will be given in three instalments that is Rs 25,000 in advance along with sanction letter, Rs 35,000 after construction of house up to lintel level and Rs 21,000 on putting doors and windows in house, the release said.
The PAY scheme aims at facilitating housing delivery in rural areas to such eligible families who are on the permanent waiting list of Indira Awas Yojana and have not been given the benefit yet.