Chattisgarh 1st state to get central’s approval for building affordable housing projects under PMAY

By Accommodation Times News Services

Housing for AllChattisgarh has become the first state to get central government’s approval for taking up affordable housing projects in urban areas under Prime Minister’s Awas Yojana (PMAY) launched in June this year. An inter-ministerial Central Sanctioning-cum-Monitoring Committee chaired by Dr.Nandita Chatterjee, Secretary(Housing & Urban Poverty Alleviation) approved state government’s proposals for building 26,034 houses in 11 cities and towns in the state. Of these, 12,670 are for beneficiaries belonging to Economically Weaker Sections (EWS) and 13,364 for Low Income Group (LIG).

The projects approved will be taken up in : Raipur, Naya Raipur, Bhilai industrial Estate, Rajnandagaon, Nardaha(Raipur), Jorapalli(Raigarh), Bilaspur(Chilhati), Shriramnagar (kanker), Machewa(Mahasamund), Balod(Sivni) and Sukma.

Houses for EWS have been sanctioned under the ‘Affordable Housing in Partnership’ component of PMAY. The Central Sanctioning Committee also approved central assistance of Rs.190 cr for these 12,670 EWS houses @ Rs.1.50 lakhs as per Mission Guidelines. LIG houses will be built under Credit Linked Subsidy component of Housing Mission for which Central Nodal Agencies –National Housing Bank and HUDCO (Housing and Urban Development Corporation) have been authorized to provide interest subsidy @ 6.50% on loans up to Rs.6.00 lakhs for each eligible beneficiary for a loan tenure of 15 years.

The Committee also approved release of first installment of Rs.76 cr to Chattisgarh government. State Urban Development Agency is the nodal agency for housing mission while Chattisgarh Housing Board is the implementing agency.

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