Affordable housing has been a major focus of the Indian government in recent years, with a number of schemes and initiatives being implemented to address the country’s housing shortage and provide affordable housing options for low-income and disadvantaged groups.
Some of the key government housing schemes in India.
Pradhan Mantri Awas Yojana (PMAY)
PMAY scheme was launched in 2015 with the aim of providing affordable housing to all citizens of India by the year 2022. It targets the economically weaker sections and low-income groups and provides financial assistance for the construction of houses. Under the scheme, the government provides financial assistance in the form of a subsidy on home loans taken from banks and financial institutions.
Must Read: Features of the Pradhan Mantri Awas Yojana
Pradhan Mantri Gramin Awas Yojana (PMGAY)
This scheme, also known as the Indira Awaas Yojana, is specifically designed to provide affordable housing to rural households in India. It provides financial assistance to eligible beneficiaries for the construction of houses in rural areas and aims to provide “pucca” (permanent) houses to all rural households by the year 2022.
Affordable Rental Housing Complexes (ARHCs)
This scheme was launched in 2020 with the aim of providing affordable rental housing options for urban migrants, including low-income workers and urban poor. Under the scheme, the government provides financial assistance to developers to construct rental housing complexes in urban areas. The rental units are then made available to eligible beneficiaries at a subsidized rate.
Credit Linked Subsidy Scheme (CLSS)
This scheme is aimed at providing affordable housing options to urban residents, including the economically weaker sections, lower-income groups, and middle-income groups. Under the scheme, the government provides a subsidy on home loans taken from banks and financial institutions to eligible beneficiaries.
Swarna Jayanti Shahari Rozgar Yojana (SJSRY)
This scheme was launched in 1997 with the aim of providing employment opportunities to urban residents, including the economically weaker sections, through self-employment and skill development programs. It also provides financial assistance for the construction of houses in urban areas to eligible beneficiaries.
Rajiv Awaas Yojana (RAY)
This scheme was launched in 2005 with the aim of providing affordable housing to slum dwellers and people living in informal settlements in urban areas. It provides financial assistance to eligible beneficiaries for the construction of houses in urban areas and aims to upgrade slums and informal settlements to meet basic living standards.
DDA Housing Scheme
The Delhi Development Authority (DDA) Housing Scheme is a government initiative that offers flats and plots of land for sale to the general public at affordable prices. The scheme is open to all citizens of India, including those who are not residents of Delhi, and the flats and plots are allocated through a draw of lots. The DDA also offers various financing options, including home loans, to eligible applicants. The scheme has been widely popular and has helped to provide affordable housing options to a large number of residents of Delhi, although demand for affordable housing in the city far exceeds the supply.
Tamil Nadu Housing Board Scheme
The Tamil Nadu government operates a number of housing schemes to provide affordable housing options for residents of the state. These schemes include the Chief Minister’s Comprehensive Health Insurance Scheme, which provides financial assistance for the construction of houses to eligible beneficiaries, and the Tamil Nadu Slum Clearance Board (TNSCB) Housing Scheme, which provides affordable housing options for slum dwellers and people living in informal settlements in urban areas. The Tamil Nadu Housing and Urban Development Department (TNHUDD) is the government agency responsible for the implementation and management of these housing schemes.
In addition to these national-level schemes, many state governments in India have also implemented their own housing schemes to address the housing shortage and provide affordable housing options for their citizens.
Overall, the government of India has made significant efforts to provide affordable housing options for its citizens through a range of schemes and initiatives. These schemes have helped to address the country’s housing shortage and provide affordable housing options for low-income and disadvantaged groups, although challenges such as land acquisition and financing remain.
Read Also : Government Housing Schemes in India
