Wednesday, 24 June 2015

Housing for All by 2022 - An Ambitious Mega Housing Scheme of Indian Government

Housing for all by 2022 or Pradhan Mantri Awas Yojna is an ambitious affordable housings scheme of Indian Government which aims to provide 2 Crore affordable housing units by 2022.
The scheme which was first named after Sardar Vallabh Bhai Patel but later renamed to Pradhan Mantri Awas Yojna has been approved by the cabinet and is all set to be launched on 25th June 2015. The mega housing scheme of NDA government aims to provide affordable housing to the homeless especially women including widows, Scheduled Casts (SC), Scheduled Tribes (ST), Transgender Society and the people belonging to the Economically Weaker Section of the society.

"Housing for All by 2022" scheme is aimed for urban areas with following components/options to States/Union Territories and cities

A) Participation of private residential developers for slum rehabilitation of slum dwellers using land as a resource.
B) Promoting the affordable housing among economically weaker section through credit linked subsidy.
C) Development of affordable housing units in partnership with Public & Private sectors.
D) Subsidy for beneficiary-led individual house construction or enhancement.

Under the slum rehabilitation scheme for slum dwellers, the central government will provide a grant of Rs 1 Lakh for the slum rehabilitation project undertaken for development by the States.

Under the credit linked policy, EWS/LIG home buyers will be provided an interest subsidy of 6.5 percent on home loans availed up to a tenure of 15 years. The government will also provide an assistance of Rs. 1.5 Lakh to the beneficiary led housing construction or enhancement for EWS category.

The homes constructed under the Housing for all scheme will be allotted to the female head of the household or in joint name of the male head of the household and his wife as a mandatory clause.
The housing for all by 2022 scheme will cover the entire urban area consisting of 4041 statutory towns. However, initially, the scheme will be implement in phased manner consisting of three different phases for 500 class 1 cities as follows.
  • Phase-I (April 2015 - March 2017) to cover 100 Cities.
  • Phase - II (April 2017 - March 2019) to cover additional 200 Cities.
  • Phase-III (April 2019 - March 2022) to cover all other remaining Cities.
The cities will be selected by the States/UTs as per their willingness or based on the demand survey assessment for housing units.

The housing for all mission also incorporates a technology sub-mission to focus on aspects such as innovative design, affordability, sustainability, building material quality, green buildings, use of natural resources, earthquake and natural disaster resistant buildings and more.

Under the mission, technical and financial assistance will be provided to the States/UTs for executing the affordable housing projects. However, the States/UTs will have complete flexibility in deciding the formulation, approval and implementation process of affordable housing projects in accordance with the mission guidelines.