Made live on Bitcoin L2 Stacks on March 19th, Dharma expands the DeFi capabilities of the Bitcoin network. The launch deepens liquidity within the burgeoning Bitcoin ecosystem and unlocks new DeFi capabilities. Velar’s V1 Dharma has introduced decentralised exchange, allowing token pairs to be traded fully on chain. Dharma provides users with advanced financial tools for liquidity provision, trading, and asset management. Two token pairs are supported upon launch with additional tokens added on consecutive days. STX-ABTC and STX-AEUSDC are initially available for trading before being complemented by the introduction of further pairs. By leveraging the inherent security of the Bitcoin network, Velar’s Dharma AMM provides a reliable and user-friendly platform for decentralised finance operations. Its launch has set a new standard for how DeFi can operate on Bitcoin and provides a foundation for DeFi applications and services to flourish. Elated on the launch, Velar CEO Mithil Thakore said, “Celebrating the launch of our Dharma AMM main net is more than just a milestone — it’s a testament to Velar’s commitment to revolutionising the DeFi landscape. With this innovative platform, we’re not just embracing change; we’re driving it. By offering users the opportunity to leverage the power of their assets in a secure, non-custodial environment, we’re paving the way for a new era of financial freedom. Today, we’re not just launching a product; we’re launching a movement — one that will shape the future of decentralised finance on Bitcoin.” The growth of DeFi on Bitcoin has the potential to unlock $1 trillion in dormant capital and provide new ways to earn rewards for providing liquidity and participate in lending, borrowing, staking, and yield farming. With Dharma, users can retain self-custody of their assets while exploring the many possibilities available within the world of decentralised finance. (ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)

New Delhi [India], March 23 (ANI): About 3.36 crore houses were built and handed over to beneficiaries, rural and urban combined, so far under the central government’s flagship housing for all scheme, the Pradhan Mantri Awas Yojana (PM-Awas

According to official data available for until March 18, 2.55 crore housing units came up in rural areas and 81.55 lakhs in urban areas under the scheme.

Launched on June 25, 2015, PM Awas Yojana will end after extensions on March 31, 2024. The interim Budget of the central government for 2024- 25 tabled on February 1, 2024, by Finance Minister Nirmala Sitharaman announced 2 crore additional houses in rural areas over the next five years.

“Two crore more houses will be taken up in the next five years to meet the requirement arising from increase in the number of families,” Sitharaman had said, tabling the interim Budget for 2024-25.

Details of the new scheme is likely to come in the final budget of the new government.

The total allocation to the Housing and Urban Affairs Ministry for 2024-25 is Rs 77,523 crore, up from Rs 76,431 crore in 2023-24. The total allocation for PMAY is Rs 80,671 crore out of which Rs 54,500 crore is earmarked for PMAY (Rural).

The PM Awas Yojana has four components: In-situ slum redevelopment – where the land is used as resource and with help of private sectors, formal urban establishments are provided to slum dwellers. Central assistance of Rs 1 lakh per house is admissible for all houses built under this.

The States/UTs decide on an upper ceiling on the sale price of economically weaker section houses with the objective of making them affordable and accessible to the intended beneficiaries.

Affordable housing in partnership – Central assistance of Rs 1.5 lakh per EWS house is provided by the government. The States/UTs to decide on an upper ceiling on the sale price of EWS houses with the objective of making them affordable and accessible to the intended beneficiaries.

Beneficiary-led construction scheme: Central assistance up to Rs 1.5 lakh per EWS house is provided to eligible families belonging to EWS categories for individual house construction or enhancement.

Unlike previous housing schemes, the money under this scheme is directly transferred to the bank accounts of the beneficiaries.

The houses under the scheme has all basic amenities like toilet, water supply, electricity and kitchen. This scheme by the center is particularly targeted at offering sustainable and affordable housing for the poor and low-income groups.

Under housing for all scheme, central government intends to provide pucca houses to all its citizens. The scheme also aims at women empowerment by mandating a woman to be either owner or co- owner of the house provided under the scheme. (ANI)