Central government has announced on March, 30 that they have sanctioned construction of one crore low budget LIG apartments and also this project has been granted financial implication of Rs 81,975 crore for the period 2016-17 to 2018-2019. This move too falls under the sequence of Pradhyanmantri Awaq Yojna ‘Housing for all vision by 2022’. The Minister of State for Rural Development Ram Kripal Yadav said that there are around four crore rural households facing house deprivation according to the provisional figures of Socio-Economic Caste Census (SECC) 2011.
Above 2.95 crore affordable residential projects need to be developed with a foreseen disparity of ffl 10% to be achieved within FY 2022. This calculation also takes the houses that were built under the previous project of Indira Aawas Yojana (IAY) and state-sponsored housing schemes since 2011.
It’s expected that about one crore affordable houses will be developed around the first phase of 2016-17 to 2018-19 under the Pradhan Mantri Aawas Yojana-Grameen (PMAY-G). The aim is to deliver complete project including all states and union territories. Based on SECC 2011 data, the next phase till 2022 of affordable housing project will decided, once the verification and finalization is done by every state and territories. The union minister of state and rural development said that a National Technical Support Agency (NTSA) for Rural Housing will be set up at a national level to provide technical support in achieving the target.
PMAY-G’s scheme is likely to have more new features incorporate, including architectural supervision. For constructional development and other expenditure, sufficient financial resources have been made available in form of financial assistance and borrowing from NABARD. Assistance in the form of electronic transfer under Direct Benefit Transfer (DBT) to determine problems of late payments and accelerate project completion is an added attribute.
A wide-ranging online monitoring will be performed through the MIS-AwaasSoft scheme. Awaas app, a unique mobile app will support the inspection of geo-tagging of housing location to avoid further delay. Labors will be given proper training through a programme which will also certify them by assessing assorted tasks. This will increase the volume of trained rural masons. To review progress on daily basis Programme Management Unit (PMUs) will be set up at the state and sub-state level. It will also provide technical support, facilitation and plug-gaps in execution using governmental funds accessible under the scheme.
Government has proposed Section 80-IBA to be amended for promoting affordable housing scheme. The National Housing Bank will refinance personal housing loans of about Rs 20,000 crore in 2017-18. “We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits,” Finance Minister Arun Jaitley said.
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_ By LNN(Liyans News Network)-