National urban rental housing policy to be announced soon: M Venkaiah Naidu

The policy aims to encourage investments in social rental housing with government support and market driven rental housing without government support

taru

Taru Bhatia | April 20, 2017 | New Delhi


#M Venkaiah Naidu   #Housing and Urban Poverty Alleviation  


Housing and Urban Poverty Alleviation minster M Venkaiah Naidu on Thursday said that the National Urban Rental Housing Policy would be soon announced to meet the needs of migrant workers, students, single working women etc.
 
“The policy outlines measures to be taken to encourage investments in social rental housing with government support and market driven rental housing without government support. Rental housing would be an effective complement to the housing for all mission,” he said, on a media briefing on Pradhan Mantri Awas Yojana (Urban).
 
The government had launched the Pradhan Mantri Awas Yojana (Urban) on June 25, 2015, aiming to ensure housing for all by 2022.
 
Naidu informed that within 22 months of the launch of PMAY (Urban), 97,489 houses have been constructed for urban poor.
 
Furthermore, the minister said that his government has done more in the last three years for meeting the housing needs for the urban poor compared to the 10-year-rule of the previous government. He gave examples:
 
  1. Under PMAY(Urban), 17,73,533 affordable houses have been approved for 2,008 cities and towns in the last less than two years, as against 13,82,768 sanctioned for 1,061 cities in the earlier 10 years.
  2. An investment of Rs 96,266 cr has been approved so far for construction of houses for urban poor as against Rs 32,713 cr during 2004-14
  3. Central assistance of Rs 27,883 cr has already been approved for release to states/UTs under PMAY (Urban) as against Rs 20,920 cr during the ten years of previous government
  4. PMAY (Urban) has been extended to middle income groups thereby benefitting people with annual incomes up to Rs18 lakhs, covering large sections of the society
  5. Specific time limit of 2022 has been fixed for achieving the housing for all target as against the open ended approach of the previous government; and,
  6. An enabling eco-system has been created to promote affordable housing through various initiatives like granting Infrastructure Status for this segment, concessions like exemption of profits from affordable housing projects from income tax etc.
 
The union minister also said that to promote the scheme, his government supports the public-private partnership. The ministry is considering extending central assistance of Rs.1.50 lakh per each eligible beneficiary belonging to economically weaker sections under projects taken up even on private lands, he said.
 
Naidu said, so far, the ministry has approved construction of 5,83, 427 houses under affordable housing in partnership component of PMAY(Urban) only with state governments partnership.
 
Further, he charted out his ministry’s strategy to meet the target by 2022. 
 
“Fifteen states and union territories are being asked to submit their proposal by the year-end. So in that case, they will be able to complete their target by 2019. These states are: Kerala, Himachal Pradesh, Jammu & Kashmir, Arunachal Pradesh, Manipur, Meghalaya, Nagaland, Sikkim, Tripura, Andaman & Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman & Diu and Puducherry,” the minister said, adding that other states are asked to submit their proposal by 2018 so that construction of houses could be completed by the targeted 2022.
 
Taking a dig at the Delhi government, led by chief minister Arvind Kejriwal, Naidu said that the state government has so far not done anything to implement the centre’s scheme.
 

Comments

 

Other News

Mumbai think tank calls for climate action

Raising concerns over rising seawater levels and climate change, Mumbai First, a 25-year-old public-private partnership policy think tank, has written letters to Maharashtra chief minister Uddhav Thackeray, minister for environment and climate change, tourism and protocol, Aditya Thackeray and Mumbai munic

Creation of ‘good bank’ as important as ‘bad bank’ for NPA management

After the recent announcement of the government guarantee for Security Receipts (SRs) to be issued by a public sector-owned National Asset Reconstruction Company Ltd (NARCL), there is a surge of interest around this desi version of a super bad bank. The entity will acquire around ₹2 trillion bad debts fr

V shape recovery an exaggeration: Gurcharan Das

The notion of a V-shape economic recovery is an exaggeration, and the informal economy and the poor have been terribly hurt during the Covid-19 period, says Gurcharan Das, author, commentator and public intellectual. “A V-shape recovery is an exaggeration. The informal economy and the

Covid-19 antibodies found in 86.64% Mumbai citizens

As many as 86.64% citizens of the city of Greater Mumbai have antibodies, according to the fifth sero-prevalence survey. Among the people who are fully or partially vaccinated, the antibodies were found in 90.26%, while among the unvaccinated citizens, 79.86% had antibodies. The Municipal C

`Bad Bank`: All you wanted to know about NARCL

The cabinet has cleared the formation of ‘National Asset Reconstruction Company Limited’ (NARCL) which will acquire “stressed assets” of about Rs. 2 Lakh crore in phases within RBI regulations in order to address the problem of humongous amounts of bad loans in public sector banks.

Citizens Charter: How this less-known law empowers us

When consumer rights and RTI activist Mohammad Afzal was shifting to a new residence in a different area, he required changes in various documents. He decided to take the help of the Citizens Charter along with other friends who also required similar work with authorities. The Citizens Chart

Visionary Talk: Gurcharan Das, Author, Commentator & Public Intellectual on key governance issues


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter