Citing the existing housing shortage of 2 crore units, the Prime Minister said that India is completing 75 years of independence in 2022, and by then, it is our responsibility to provide a house for everyone.
The mission is to provide 6 lakh houses through the Ministries of Urban Development and Rural Development.
Housing for all by 2022 includes all those initiatives taken on housing so far including Rajiv Awas Yojana and Rajiv Rinn Yojana. Apart from housing, the project also aims at slum redevelopment. To implement the scheme, land will be pooled and given to private real estate developers. This time the government is ready to allow the developers to generate revenue by using a portion of that land for commercial purposes. Also the government is ready to fund the developers in case of unviable projects in the form of viability gap funding.
What is essential to achieve this is a fast-tracked approval process, financial empowerment of the low-income categories to enable them to purchase a house in such areas - and unlocking land for creating affordable housing.
Finance minister Arun Jaitley proposed an allocation of Rs 14,200 crore in the 2015-16 budget to fund the government’s flagship program to provide housing for all by 2022.
Of this, while Rs 4,175 crore will be spent for building two crore houses in urban areas, another Rs 10,025 crore will be used to construct four crore houses in rural areas.
“A roof for each family in India. The call given for Housing for All by 2022 would require Team India to complete two crore houses in urban areas and four crore houses in rural areas,” Jaitley said.
The urban leg of the programme will be implemented by the housing and urban poverty alleviation ministry.
Four categories of urban poor will be targeted through the scheme — these include slum dwellers, urban poor not living in slums, prospective migrants and the homeless.
The ministry has proposed rehabilitating slum dwellers in newly-constructed houses of up to 30 square metres. Private developers would be roped in for building these houses.
For rural housing, Jaitley has proposed an outlay of Rs 10,025 crore. Out of this, Rs 1,003 crore has been earmarked for the Northeast region and Sikkim.
Under the program, assistance will be provided for the construction of dwelling units and for the upgradation of existing unserviceable kachha houses for Scheduled Castes/Scheduled Tribes and non-SC/ST rural families living below the poverty line.
Ref: http://www.hindustantimes.com/business/rs-14-200-cr-allotted-to-housing-for-all-programme/story-Cy4DKSj6D9XUui2kyjYnRP.html
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