Housing forms one of the most important bases of human existence. As the demand for housing increases every year, the Indian Government has undertaken several schemes to make it affordable to everyone.
These schemes have been introduced keeping in mind the income level of the prospective buyers. Many schemes also support homeowners by providing subsidized home loans. The current government has promised to provide affordable housing to all by 2022 under the Pradhan Mantri Awas Yojana or ‘Housing to all’ scheme. Many such similar schemes have been undertaken by the government since long, to make housing easy and affordable in both rural and urban India.
Let us give a look into some of them. Leave your thoughts about the write up in the comments section below.
>> Pradhan Mantri Awas Yojana (Urban)
Pradhan Mantri Awas Yojana, also known as the Housing for All scheme was launched in 2015. It aimed to provide homes to all ‘urban’ homeless by 2022. It also provides subsidized home loans for first-time urban home buyers. The home loan rates go to 3% and 4% on home loans of Rs 9 lakhs and 12 lakhs respectively.
>> Pradhan Mantri Gramin Vikas Yojana
As the name suggests, this one is exclusively for the rural homeless population. It was earlier known as the Indira Awas Yojana and it focused on providing concrete houses with basic amenities to one crore homeless families. Here, the government shares the building cost of the house with the state. Also, a sum of Rs 1.2 lakh is provided to the people without shelter, destitute, beggars, manual scavengers, tribal groups and legally releases bonded laborers.
>> Rajiv Awas Yojana
Rajiv Awas Yojana aims to build a slum-free India. For this, they have urged the states and UTs to bring all illegal constructions under a formal legal system. It was launched in 2009, and since then nearly 45,000 houses have been built. Rajiv Awas Yojana also provides a financial aid of Rs 75,000 to the economically weaker sections and a dwelling unit of 21-40 sq. met.
Apart from these central government housing schemes, various state governments in India have also introduced housing schemes for the people. Let’s have a look at some of the most successful ones of them-
>> Delhi Development Authority Housing Scheme (DDA)
The DDA has been building 1, 2, and 3 bedrooms apartments across the Delhi-NCR region. It has been catering to the needs of the various income groups since 2004. The DDA comes up with new schemes often, which have helped people in areas like Vasant Kunj, Dwarka, Sirsapur, Narela, and Rohini build the house of their dreams. The housing schemes under DDA are linked to the PMAY.
>> Maharashtra Housing and Area Development Authority
Maharashtra is one of the most populous states of India. So to combat this, MHADA launches a lottery scheme every year in the months between April- September. Through these affordable homes are allotted to people with varied income groups. Economically backward sections have special reservations. The areas that the contractions are done are chosen randomly.