‘Housing for all’ : The Union government today inaugurated “Housing for all” scheme. Government approved a considerable increase in interest relief on loan for the urban population. Under this scheme, Government will provide benefits of up to 2.30 lakh crore rupees for the next six year. It will enable approx. two crore Urban poor to built their own houses. ‘Housing for all’ launched with the aim to meet the housing shortage, over the next 7 year.
Selected town and cities under ‘Housing for all’ scheme:
Chhattisgarh (36 cities and towns), Gujarat (30), Odisha (42), Rajasthan (40), Telengana (34), Madhya Pradesh (74), Jammu and Kashmir (19), Jharkhand (15), Kerala (15)
Total 15 states have signed Memorandum agreement (MoA) with HUPA Ministry. Under this agreement, Govenmnet committed to implement 6 mandatory reforms. These reforms are essential for making the housing in urban area. These states have agreed to implement mandatory reforms to make this project successful.
The names of 15 states are as follow: ‘Housing for all’
Bihar, Andhra Pradesh, Manipur, Nagaland, Mizoram, Uttarakhand, Gujarat, Odisha, Rajasthan, Telengana, Madhya Pradesh, Jammu and Kashmir, Jharkhand, Kerala
Four components of ‘Housing for all’ Scheme:
- Redevelopment of slums: The government agreed to grant 1 lakh (per beneficiary) for the redevelopment plan of slums.
- Credit link subsidy scheme: Under ‘Housing for all’ scheme, an interest subsidy of 6.50 % would be provided by the government. This subsidy is on housing loan for EWS and LIG beneficiaries. EWE stands for economically weaker section and LIG stands for lower income group.
- Affordable housing: Under this, assistance of Rs. 1.50 lakh would be provided to each beneficiary. The aim of this scheme is to promote housing stock under ‘Housing for all’ scheme.
- Subsidy for individual beneficiary: Central assistance of Rs. 1.50 lakh would be provided to implement the construction and improvement of houses. Urban populations will be able to build their own houses.
‘Housing for all’ launched with the motto to avail affordable housing for weaker section.