Page 54 - HUDCO-SHELTER-OCT21
P. 54
POLICY REVIEW
Yojana (PMAY)-Housing (MIG)-I and Middle Income Housing Complexes (ARHCs)
for All (Urban) on 25 June Group (MIG)-II seeking Scheme, as a sub-scheme
th
2015 with four economically housing loans from Banks, under Pradhan Mantri Awas
viable affordable housing Housing Finance Companies Yojana - Urban (PMAY-U).
models targeted for the and other Prime Lending The ARHC scheme will
economically weaker sections Institutions (PLIs) for be implemented through
(EWS) including the slum acquiring, new construction two models: (i) Utilizing
dwellers, the lower income or enhancement of houses existing Government funded
groups (LIG) and the middle are given interest subsidy vacant houses to convert
income groups (MIG) to of 6.5%, 4% and 3% on loan into ARHCs through Public
ensure a pucca house having amount up to Rs. 6 lakh, Private Partnership or by
basic amenities like toilet, Rs. 9 lakh and Rs. 12 lakh Public Agencies; and (ii)
water supply, electricity and respectively; (iii) Affordable Construction, Operation and
kitchento all eligible urban Housing in Partnership Maintenance of ARHCs by
households by the year 2022, (AHP) under which central Public/ Private Entities on
when India completes 75 assistance of Rs. 1.5 lakh per their own vacant land.This
years of its Independence. A EWS house is provided by the will provide ease of living
house under PMAY-HfA(U) Government of India; and (iv) to urban migrants/ poor in
ensures dignified living along Beneficiary-led Individual Industrial Sector as well as in
with sense of security and House Construction/ non-formal urban economy
pride of ownership to the Enhancement (BLC), where to get access to dignified
beneficiaries. central assistance up to Rs. affordable rental housing
1.5 lakh per EWS house is close to their workplace.
The PMAY-HfA(U) adopts a provided to eligible families
cafeteria approach to suit the belonging to EWS categories IMPACT OF
needs of individuals based on for individual house PMAY-HFA(U) ON
the geographical conditions, construction/ enhancement. EMPLOYMENT,
topography, economic A Technology Sub-mission INCOME AND GDP
conditions, availability of
land, infrastructure, etc. (TSM) under the Mission An attempt is made in
(MoHUA, 2021). The four has been set up to facilitate this section to estimate the
housing verticals under the adoption of modern, impact of investments made
Mission include: (i) ‘In-situ innovative and green under PMAY-HfA (Urban)
Slum Redevelopment (ISSR), technologies and building on employment generation,
in which central assistance material for faster and quality addition to household
of Rs. 1 lakh per house is construction of houses. incomes and country’s Gross
Technology Sub-Mission will
admissible for all houses built also facilitate preparation and Domestic Product (GDP)
for eligible slum dwellers adoption of layout designs using the methodologies
using ‘land as Resource’ and building plans suitable for developed by two research
with participation of private various geo-climatic zones. and policy think-tank
developers; (ii) Credit Linked Institutions of the country, i.e.
Subsidy Scheme (CLSS), In order to address the shelter National Institute of Public
in which beneficiaries of needs of the migrants and Finance & Policy (NIPFP) and
Economically Weaker Section urban poor in the country, the National Council of Applied
(EWS)/Low Income Group Govt. of India has launched Economic Research (NCAER).
(LIG), Middle Income Group the ‘Affordable Rental Till date, the PMAY-HfA
52 HUDCO-HSMI Publication
