In a bid to make citizens’ dream of having a home of their own a reality, Prime Minister Narendra Modi has made it a mission to provide ‘Housing for All’ by 2022, the 75th year of country’s independence. Courtesy various Government schemes, the housing sector is likely to contribute around 11 percent to India’s GDP by 2020, observes Priyanka Sharma of Elets News Network (ENN).
The Government has launched a comprehensive mission “Housing for All by 2022” in 2015. It envisages addressing the requirement of houses for the urban poor including slum dwellers through:
- 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 and private sectors
- Subsidy for beneficiary-led individual house construction
India needs investment to the tune of $4 trillion over the next 5-6 years to fulfil the government’s various schemes. The Housing for All by 2022 initiative alone is likely to bring $1.3 trillion investments into the residential sector by 2025, states a report by Anarock Property Consultants.
A Technology Sub-Mission under the Mission has been set up to facilitate adoption of modern, innovative and green technologies and building material for faster and quality construction of houses.
Technology Sub-Mission also facilitates preparation and adoption of layout designs and building plans suitable for various geo-climatic zones. It will also assist States/Cities in deploying disaster resistant and environment friendly technologies.
Under the Pradhan Mantri Awas Yojana (PMAY), a credit linked subsidy on home loans is provided for Economic Weaker Section (EWS), Low Income Group (LIG) and middle-income groups. This loan can be availed for new or re-sale-purchase of home, construction or, for extension or improvement of rooms, kitchen, toilet, etc.
How RERA and GST impacted the housing sector?
This story is from the October 2018 edition of eGov.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2018 edition of eGov.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Zero Emission Mobility Is The Way Forward
The road ahead for improving the present scenario of the transport sector is to make way for electric vehicles and ensure zero emission, says Abhay Damle, Joint Secretary, Ministry of Road Transport and Highways, Government of India, as he puts spotlight on the challenges faced in introducing green mobility solutions and measures taken by the government to mitigate those, in an interview with Souvik Goswami and K C Mishra of Elets New Network (ENN).
Using Innovation, How Pilibhit DM Ensured Record Voting In LS Poll
A record 67.2 percent voting was achieved in Pilibhit in Phase-III of the ongoing Lok Sabha Elections, making it the top district in Uttar Pradesh to have registered maximum voter turnout.
Mizoram Beckons Investors Via Business Summit
The North East is the fastest growing part of India today, with the Government of India laying special emphasis and having a focussed approach of putting this part of India in the spotlight of growth and development.
Bringing Social Change Through NEDP
Though NEDP has been implemented by the State only recently and its activities are still confined to a few selected fields, its achievement in the social sector is encouraging. There still exist a great scope for expansion in terms of coverage and extent.
‘OUR MAIN FOCUS IS TO IMPROVE QUALITY OF EDUCATION'
Starting from June 2019, a massive campaign will be launched to increase class attendance in schools, as in each class quality of education depends on the knowledge from the previous class. This will be a non-financial intervention that would be taken up by involving parents, NGOs, media, self-help groups (SHGs), says Dr B Janardhan Reddy, Secretary, School and Higher Education Department, Government of Telangana, in an interview with Sudheer Goutham B of Elets News Network (ENN).
NEDP Intervention In Agriculture And Allied Sector
Agriculture and Allied Sector has been identified as one of the most important key growth drivers under the National Economic Development Plan (NEDP).
Smart Cities Catalysing Development Across Uttar Pradesh
With the State government led by Yogi Adityanath determined to transform Uttar Pradesh (UP), Smart Cities Mission is emerging as a ray of hope to realise this dream. As intensive use of smart solutions to develop smarter and sustainable cities in the country is gaining pace, UP is marching ahead in sinc with the time, observe Arpit Gupta and Ahmad Shariq Khan of Elets News Network (ENN).
The City Of Culture On Course To Becoming Truly 'Smart'
Thanks to a number of path-breaking initiatives under implementation, the historic City of Lucknow is marching ahead to soon become a truly ‘Smart’ city, says Anil Garg, Divisional Commissioner, Lucknow and Chairman, Lucknow Smart City Limited, in conversation with Arpit Gupta of Elets News Network (ENN).
El Salvador Looking At India To Partner For Growth
Pharmaceuticals is among the top exports from India to El Salvador, where local population has almost similar disease profile as Indians and has made a huge impact in making healthcare more affordable in his country, says Ariel Andrade Galindo, El Salvador’s Ambassador to India, in conversation with Vivek Ratnakar of Elets News Network (ENN).
Documenting India's Digital Evolution
With the governance in India steadily acquiring an improved version of administration and service delivery, the change in the system has been expedited by the power of digitisation.
