Pradhan Mantri Awas Yojana: First affordable housing project under PMAY has been approved by central government for the construction of 30,000 low-cost houses in Solapur. A Solapur-based social worker and former MLA of the communist party Narsayya Adam will construct these housing units on No-Profit No-loss basis. These housing units will be available for economical weaker section and the preference will be given to beedi workers and sweepers of this category.
A meeting was held in Delhi between the Union housing ministry officials and Nirmal Deshmukh, state mission director of PMAY in the state along with S.S. Zende, CEO, Mhada, which is the nodal agency in the state to implement PMAY.
During the meeting, Nirmal Deshmukh, state mission director of PMAY said that the first project in Solapur under PMAY was approved in review meeting with a plan to construct 30,000 low-cost houses of 30 square meter to 322 square feet.
The project is to achieve the target of ‘Housing for All by 2022’. Under the scheme, the government will be provide a subsidy to the first time home buyer of economical weaker section (EWS) category and whose monthly family income is below Rs.25,000 per month.
According to the statement of former MLS, Mr. Adam, the houses under the scheme will be constructed within four years and the construction will begin in August 2016. The complete township of the project will be covered in the area of 190 acres land parcel. The project will have G+3 residential complexes along with commercial and open space for gardening and recreational activities.
To identify the housing demand in the area, the central government has set four components including slum redevelopment by using land as resource, credit link subsidy where home loans will be given at interest rate 6.5 per cent for 15 years. The proposed scheme in the state is under affordable housing partnership initiated with public and private sectors to grant subsidy in monetary terms but up to Rs 2.5 lakh. Lastly, the Centre is also mooting subsidy to individuals for constructing their own houses where such individuals can avail monetary assistance up to Rs 1.5 lakh.
Source: https://www.asianage.com/