Haryana Financial Assistance Scheme For PMAY Deprives.

Haryana Government has launched Haryana Financial Assistance Scheme For Pradhan Mantri Awas Yojana (PMAY) Deprives.

Facts :

• Under this scheme Haryana Govt. is going to provide financial assistance to rural families of the state who neither have their own house nor are in the list of eligible beneficiaries under the Central Government’s ambitious scheme Pradhan Mantri Awas Yojana (PMAY).
• Such families can apply this financial assistance to their respective block development and panchayat officer (BDPO).
• Haryana Government had decided that an applicant who wants to get financial assistance would have to get the application marked either from the gram sarpanch or gram sachiv or member of zila parishad or panchayat samiti or the former sarpanch.
• The Development and Panchayats Department conducted a survey. In this survey a total number of 18,000 eligible beneficiaries were identified under the Pradhan Mantri Awas Yojana and funds have been allocated for the construction of houses.
• Haryana Government aimed to ensure that proper systemic housing facility was also provided to the people of urban slum areas.
• Haryana Shehri Vikas Pradhikarnan (HSVP) will construct affordable housing units for those living in the urban slum areas and besides this, it would also be ensured that they shift to the newly-constructed dwelling units.
• Reviewing the 'Saubhagya' scheme to provide electricity connection to each household in the state, the chief minister directed the officers to ensure that all households and hamlets have electricity connection.
• The state government has covered the entire north Haryana under the 'Saubhagya' scheme by ensuring electricity connection in all 15.80 lakh households consumers who have applied for the same.
• Similarly, electricity connections have also been released to all households in south Haryana except a few households in Mewat.
• However, a contract has already been allotted for providing electricity connections to these remaining households, the work on which would soon be started.
• Khattar issued directions that wherever electricity line is available, connection would be released by the Electricity department, whereas in the areas where electricity lines are not available, connection of solar energy should be made available.

Analysis :

• The decision is another big step to boost the construction sector that contributes to increased activity on the supply side.
• This initiative is expected to result in enhanced economic activity that would contribute to improvement in the demand side.
• This will not only give a boost to Housing for All but also help bolster the economy.
• The increased construction activity in housing sector is expected to have cascading effect on core sectors like cement, steel, machinery and other allied sectors. More construction activity in the urban areas would result in creation of more jobs for both skilled and unskilled workers.

Pradhan Mantri Awas Yojana (PMAY) :

• The Pradhan Mantri Awas Yojana is an initiative that was introduced by Prime Minister Narendra Modi in the year 2015. Through this scheme, the Government of India aims to provide affordable housing to the urban poor population in India by 2022.
• Under the tagline “Housing for all”, this scheme focuses on slum rehabilitation, Credit Linked Subsidy Scheme (CLSS), making housing affordable for all, and offer a subsidy for survey-led independent house construction or renovation.
• The scheme originally was meant to cover people in the EWS (annual income not exceeding ?3 lakh) and LIG (annual income not exceeding ?6 lakh) sections, but now covers the mid-income group (MIG) as well.
• Among the four focus areas mentioned above, CLSS is the only scheme that will be implemented as a central sector scheme. The remaining schemes will be implemented as sponsored schemes. Through the Credit Linked Subsidy Scheme, the Government of India aims at increasing the credit flow in institutions to meet the housing needs of the urban poor population in our country.
• Credit Linked Subsidy Scheme will be implemented by two central nodal agencies in India, namely Housing Urban Development Corp and National Housing Bank. Apart from pumping the credit flow required to meet the housing needs, this scheme will also focus on the demand aspects of affordable housing finance segment.
• The benefits under the CLSS can be availed by Economically Weaker Sections or Low Income Groups who are looking for housing loans from financial institutions and banks that are participating in the Pradhan Mantri Awas Yojana Scheme. Borrowers can Credit Linked Subsidy for new construction or for adding a room to their existing house.
• The houses that are constructed or acquired by taking the benefits under the Pradhan Mantri Awas Yojana scheme will have to be registered in the name of the female head of the household. The beneficiaries have an option to register it jointly in the name of the male and female head of the family. In special cases where is not no female head in the family, the house can be in the name of a male head of the family.
• Also, this has to be the first house owned by the beneficiary. The beneficiary family should not own a pucca house in his/her or in the name of any member of his/her family in any part of India.
   

By: Harman Sandhu