Capacity building necessary for success of housing schemes, says Shri M.Venkaiah Naidu

venkaiahnaiduBy Accommodation Times News Services

HUDCO sanctioned Rs.12,842 cr loans for weaker sections housing; released only Rs.5,787 cr

DDA built and allotted over 4 lakh flats so far

Housing and Urban Development Corporation (HUDCO), a financing arm of the Ministry of Housing & Urban Poverty Alleviation has sanctioned total loans of Rs.12,842 cr since for construction of over 24 lakh houses for economically weaker sections since 2011-12, but only Rs.5,787.06 cr loans were released. This was informed by the Minister of Housing and Urban Poverty Alleviation Shri M.Venkaiah Naidu in reply to a Starred Question in the Lok Sabha today.

Expressing concern over under performance in respect of housing, Shri Naidu said that the low absorption capacities of the implementing agencies is one of the reasons. He said that efforts are being made to address this issue through capacity building of urban local bodies and other implementing agencies.

Delhi Development Authority has built and allotted 4,20,389 flats till the end of last year under various categories. These include: 1,40,653 in LIG category, 1,01,993-Janta, 84,701-MIG, 64,463-SFS, 28,468 flats for Economically Weaker Sections, 74-Expandable and 37 for Higher Income Groups. This was informed by the Minister of State for Urban Development and Housing and Urban Poverty Alleviation Shri Babul Supriyo in a written reply in the Lok Sabha today. He further said that 25,034 flats are lying in the possession of DDA.

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