Housing for All scheme in India

Housing for All by 2022
Country India
Prime Minister Narendra Modi
Ministry MoUD
Key people Venkaiah Naidu
Status: Active

Housing for All by 2022 is a vision of Prime Minister Narendra Modi of India where all facilities will provide in a place. The government has identified 305 cities and towns have been identified in 9 states for beginning construction of houses for urban poor.

Objectives

The Project is aimed for urban areas[1] with following components/options to States/Union Territories and cities:-

  1. Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource;
  2. Promotion of affordable housing for weaker section through credit linked subsidy;
  3. Affordable housing in partnership with Public & Private sectors and
  4. Subsidy for beneficiary-led individual house construction or enhancement.

Finance

₹2 lakh crore (US$30 billion) over the next six years. Central grant of ₹1 lakh (US$1,500) per house, on an average, will be available under the slum rehabilitation programme. A State Government would have flexibility in deploying this slum rehabilitation grant to any slum rehabilitation project taken for development using land as a resource for providing houses to slum dwellers. Under the Credit Linked Interest Subsidy component, interest subsidy of 6.5 percent on housing loans availed up to a tenure of 15 years will be provided to EWS/LIG categories, wherein the subsidy pay-out on NPV basis would be about Rs.2.3 lakh per house for both the categories. Central assistance at the rate of Rs.1.5 lakh per house for EWS category will be provided under the Affordable Housing in Partnership and Beneficiary-led individual house construction or enhancement. State Government or their para statals like Housing Boards can take up project of affordable housing to avail the Central Government grant.

The scheme will be implemented as a Centrally Sponsored Scheme except the credit linked subsidy component, which will be implemented as a Central Sector Scheme. The Mission also prescribes certain mandatory reforms for easing up the urban land market for housing, to make adequate urban land available for affordable housing. Houses constructed under the mission would be allotted in the name of the female head of the households or in the joint name of the male head of the household and his wife.

Under PMAY, it is proposed to build 2 crore houses for urban poor including Economically Weaker Sections and Low Income Groups in urban areas by the year 2022.[2] This Mission has four components viz., In-situ Slum Redevelopment with private sector participation using land as resource, Affordable Housing through Credit Linked Subsidy, Affordable Housing in Partnership with private and public sector and Beneficiary led house construction/enhancement. Under these components, central assistance will be in the range of ₹1 lakh (US$1,500) to ₹2.30 lakh (US$3,400).[3]

Selected States

The government has identified 305 cities and towns have been identified in 9 states for beginning construction of houses for urban poor.[4][5]

  1. Chhattisgarh - 75 cities/towns
  2. Gujarat - 30 cities/towns
  3. Jammu and Kashmir - 19 cities/towns
  4. Jharkhand - 15 cities/towns
  5. Kerala - 15 cities/towns
  6. Madhya Pradesh - 74 cities/towns
  7. Odisha - 42 cities/towns
  8. Rajasthan - 40 cities/towns
  9. Telangana - 34 cities/towns

Andhra Pradesh has been allotted 1.93 lakh houses under this scheme.[6]

Private contributors

ICICI Bank is giving subsidised home loans to the people eligible for this scheme.[7]

Previous schemes

Rajiv Awas Yojana

Rajiv Awas Yojana (RAY) was an Indian government program that attempts to help slum dwellers gain appropriate housing and address the processes by which slums are created and reproduced. It was introduced by the Indian government's Ministry of Housing and urban poverty Alleviation.[8] The programme was a Centrally Sponsored Scheme, which ran from 2013 to 2014.[9] The scheme aimed to make India slum-free by 2022 by providing people with shelter or housing, free of cost. It began with a pilot project, before launching in mission mode.[10] The government earmarked ₹322.30 billion (US$4.8 billion) for its implementation during India's 12th Five Year Plan.[8] One million beneficiaries were proposed to be covered under Rajiv Awas Yojana.[11]

Site selection was to be made by the states in consultation with the Centre giving priority to district headquarters, cities of religious heritage and tourist importance, with due consideration to the criterion of the pace of growth of the city, of slums within the city and predominance of Scheduled Caste, Scheduled Tribe and minority population and other weaker and vulnerable section of the society.[8]

See also

References

This article is issued from Wikipedia - version of the Thursday, April 28, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.