Housing for All (Urban): Mission 2022

Housing for All by 2022” aimed for urban areas with following components/options to States/Union Territories and cities:-

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

Benefits:

• Under the Credit Linked Interest Subsidy component, interest subsidy of 6.5 percent on housing loans availed upto tenure of 15 years will be provided to EWS/LIG categories.
• The aim of mega housing scheme is to create about 2 crore homes by 2022.
• Women, Scheduled Castes and Scheduled Tribes, Transgenders and economically weaker section will be the main beneficiaries of the scheme.
• It will be mandatory for the beneficiaries to include wife or mother’s name while registering under the affordable housing scheme. 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 houseohld and his wife.
• Differently-abled persons and older persons will also get preferences in allotment of ground floor houses under the Pradhan Mantri Awas Yojna.
• The launch event of the scheme will also witness the announcement of new eco friendly and sustainable technologies to be used for developing the affordable homes.

By: Parveen bansal