Affordable Housing Scheme of Govt of India

-
The biggest dream of everyone here in India is to own a house. Owning a home is pride, and for some, it is a need. But still, half of the population is hunting for an own residence. On having the report, the Government proposed a solid Idea – The “Affordable housing scheme” to bring affordable homes for the low-income group in India.
As India has many numbers of low and middle group people, who cannot afford to buy their own home. Under the launch of the Affordable housing  scheme by the government, people are getting the shelter – being the third most important necessity after food and clothes.
1. Pradhan Mantri Awas Yojana (PMAY): 2015
PMAY is an NDA government’s flagship Affordable housing scheme implementing in between 2015-2022, aiming for ‘Housing For All’. This scheme is divided into 4 parts

(a) In-situ slum redevelopment (ISSR):
Under this scheme the government uses the land of the slum dweller to make a house for them. The scheme has leveraged by the large number of slum area in India. With the private partnership with the eligible slum dweller, the government can use to develop their slum land to make affordable houses.
(b) Credit-linked subsidy scheme (CLSS): 
Under this scheme, Credit-linked subsidy will be provided to the EWS Economically Weaker Section (EWS) and Low Income Group (LIG) on Home loans. The subsidy is provided on both for buying or constructing of house to the urban poor.
  • EWS with the annual Household Income Up to Rs.3 lakh/annum and house sizes up to the carpet area of 30 sq.m. Upto loan amount 6 lakh at 6.5 interest subsidy.
  • LIG with the annual Household Income from 3 lakh to Rs. 6 lakh/annum and house size up to the carpet area of 60 sq.m. Upto loan amount 6 lakh at 6.5 interest subsidy.
(c) Affordable housing in partnership (AHP):
Under this scheme, Affordable house is provided to the EWS groups with financial assistance from with different partnerships by States/UTs/Cities with the private sector. Each EWS house gets Rs. 1.5 Lakh Central Assistance when at least 35% of the total constructed houses are for EWS category.
(d) Subsidy for Beneficiary-led individual house construction/enhancement. 
Under this scheme, a subsidy is provided to EWS category people to construct or renovate their existing houses. Assistance of ₹ 1.5 lakh per family is provided for new construction.
 2. Rajiv Awas Yojana: (2011)
Rajiv Awas Yojana (RAY) is an affordable housing scheme announced in 2009 aiming for a “Slum Free India”.This affordable housing scheme includes:
a. The slum properties are used to make apartments for the slum land owner.
b. Encourages the state and union territories (UT) to bring all illegal constructions within a formal system.
c. Affordable housing in partnership (AHP) with the States & UTs. Each EWS house gets Rs. 75,000 Central Assistance for house sizes upto the carpet area of 21 to 40 sq.m when at least 250 dwelling units of the total construction project.

3. Interest Subsidy for Housing the Urban Poor (ISHUP): 2009
This scheme mandates subsidy of 5% p.a. in interest on housing loans up to Rs. 1.00 lakh loan amount to the EWS and LIG as part of credit.
Under this affordable housing scheme, the Minister for Housing and Urban Poverty included the Regional Rural Banks (RRBs), Private & public sector Banks and Self Help Groups (SHGs) for expanding credit flow to the housing sector.
This scheme also encourages the poor sections (EWS & LIG) to avail for housing loan facilities.

4. National Urban Housing & Habitat Policy: (2007)
The core focus of this Policy is the supply of “Affordable Housing For All” with special emphasis on low income sections of society such as the urban poor, SC/ST, BC and Minorities.
It promotes and accelerates the development of cost-effective & quality approved building by the use of modern technologies. And special Provision given to Women to own a house.
 5. Jawaharlal Nehru National Urban Renewal Mission (JNNURM): 2005
JNNURM is a city modernization scheme has two components
  1. Basic Services for Urban Poor (BSUP)
  2. Integrated Housing and Slum Development Programme (IHSDP): development of slums by providing affordable houses with basic amenities
There are many real estate company making affordable apartments in Chennai for encouraging the middle class group to buy their own house.
The Central government is coming up with so many affordable housing schemes to balance the demand and supply of the houses. Apart from that, many State Governments like Tamil Nadu, Andhra Pradesh, and Gujarat etc. are also encouraging EWS, low and middle income groups to afford houses either by loan subsidy, rental benefits or by constructing affordable houses.

Comments

Post a Comment

Popular posts from this blog

The Vanjari caste

-
Image
The Vanjari caste Nowadays, it has become fashion to tomtom your backwardness if you are in politics, govt sector or education. For obvious reasons. We find many political leaders proclaiming that they are backward - because that is what sells now. Hence, I decided to study the origins of various castes to find out who is more backward and how. Today, I give information about the Vanjari caste. The Vanjari is a community in India; they live spread throughout the country but have a sizeable population in the state of Maharashtra. They are also present in parts of Andhra Pradesh particularly in the districts of Telangana region. A Vanjari or a trader seems to be an occupational description, as it is etymologically identical with Vanijya which means trade or commerce. These tribes were in the past engaged in carrying grain and supplies for armies, before the time of cart-roads and railways. Thane Vanjaries are settled in 24 Villages in Thane District Viz. Bandhan, Boi
Read more

शेतजमीन विषयक वहिवाट रस्ता

-
Image
 शेतजमीन विषयक महत्वाच्या संज्ञाः भाग-4 वहिवाट रस्ताः वहिवाट रस्ता ज्याला गावठाण रस्ता, शेत रस्ता, बांधावरील रस्ता वगैरे म्हणता येईल. तर असे आहे कि काळ बदलला, वाटेहिस्से जास्त पडु लागले, जमीनींचे भाव गगनाला भिडले तसे जमीनींचे मोठ्या प्रमाणात व्यवहार होऊ लागले आणी त्यामुळे जमिनीचे छोटे छोटे तुकडे झाले. जमीन मालक बदलले. त्यामुळे काही ठिकाणी नवीन खरेदीदाराला त्याच्या जमिनीत जाण्यासाठी रस्ताच उपलब्ध नाही पण शेती कसण्यासाठी शेतात मजूर घेऊन जावे लागते, बी-बियाणे, खते, यंत्रसामग्री इ. न्यावे लागते तसेच उत्पन्न निघाल्यानंतर माल उचलण्यासाठी बैलगाडी किंवा ट्रॅक्टर न्यावे लागते अश्यावेळी समोरचा जमीन मालक रस्ता देत नसेल तर शेतकऱ्याची मोठीच अडचण होते. आपल्या मालकीच्या जागेवर जाण्यासाठी रस्ता मिळणे हा प्रत्येकाचा कायदेशीर अधिकार (Right of Way) आहे. अश्यावेळी शेतकरी अथवा जमीनमालक यांना रस्त्याची मागणी शासनाकडे म्हणजेच सक्षम अधिकारी / तहसिलदार यांच्याकडे करता येते. वहिवाट प्रकरणातील तहसीलदार यांची भूमिका: जमीन महसूल कायद्याच्या कलम 143 नुसार जमीन धारण करणार्या व्यक्तीला स्वत:च्या मालकीच्या जमीनीत जाण्
Read more

5 +3+3+4 school system explained

-
Image
 Chapter 3 5 +3+3+4 school system explained As per the new school education system of 5+3+3+4 outlined in NEP 2020, children will spend 5 years in the Foundational stage, 3 years in the Preparatory stage, 3 years in the Middle stage, and 4 years in the Secondary stage. The division of stages has been made in line with the kind of cognitive development stages that a child goes through early childhood, school years, and secondary stage. Here is the age-wise breakdown of the different levels of the new school education system: 1. 5 years of Foundational stage: For ages: 3 to 8 For classes: Anganwadi/pre-school, class 1, class 2 The foundational stage of education as per the national education policy will comprise 3 years or preschool or anganwadi education followed by two years of primary classes (classes 1 and 2). This stage will focus on teaching in play-based or activity-based methods and on the development of language skills. 2. 3 years of Preparatory stage: For ages: 8 to 11 For clas
Read more