Union Cabinet approves construction of 2.95 crore rural houses

Posted on:24 Mar 2016 18:20:28
Union Cabinet approves construction of 2.95 crore rural houses
24 March 2016 Current Affairs: Government 24 March 2016 decided to construct 2.95 crore houses in rural areas under its ambitious Housing for All by 2022 scheme. The Union Cabinet, in a meeting chaired by Prime Minister Narendra Modi, gave its nod for the implementation of the rural component of the scheme. The government will have to spend nearly Rs 81,975 crore over construction of the one crore houses in the first three years of the Pradhan Mantri Awaas Yojana-Gramin under which it will provide financial assistance of Rs 1.20 lakh to those living in plain areas and Rs 1.30 lakh to those in "hilly and difficult" areas. The scheme would be implemented in rural areas throughout the country except Delhi and Chandigarh. The cost of houses would be shared between the Centre and the states. An amount of Rs 81,975 crore will be needed to construct one crore houses between 2016-17 and 2018-19 out of which Rs 68,000 crore will be provided by budgetary provisions," Prasad told reportes after the Cabinet meeting.He said the rest Rs 21,975 crore will come from borrowing through National Bank for Agriculture and Rural Development (NABARD) to be amortised through budgetary allocations after 2022. The Union Cabinet had in June last year approved the launch of the 'Housing for All by 2022' programme for the rehabilitation of slum-dwellers and promotion of affordable housing for the urban poor, targeting to provide nearly 20 million houses over seven years.In the Pradhan Mantri Awaas Yojana-Gramin, the gram sabhas will have a role in the final say on beneficiaries as the list identified through the SECC will be presented to them to find out beneficiaries who have been assisted before or have become ineligible due to other reasons. The scheme envisages to meet the additional requirement of building materials through manufacturing of bricks using cement stabilised earth or fly ash under MGNREGA. The beneficiary would also have an option to avail loan of up to Rs 70,000 for the construction of the house. Support will be provided at district and block levels for technical facilitation and addressing quality issues in house construction. 
Government 24 March 2016 decided to construct 2.95 crore houses in rural areas under its ambitious Housing for All by 2022 scheme. The Union Cabinet, in a meeting chaired by Prime Minister Narendra Modi, gave its nod for the implementation of the rural component of the scheme. The government will have to spend nearly Rs 81,975 crore over construction of the one crore houses in the first three years of the Pradhan Mantri Awaas Yojana-Gramin under which it will provide financial assistance of Rs 1.20 lakh to those living in plain areas and Rs 1.30 lakh to those in "hilly and difficult" areas. The scheme would be implemented in rural areas throughout the country except Delhi and Chandigarh. The cost of houses would be shared between the Centre and the states. An amount of Rs 81,975 crore will be needed to construct one crore houses between 2016-17 and 2018-19 out of which Rs 68,000 crore will be provided by budgetary provisions," Prasad told reportes after the Cabinet meeting.He said the rest Rs 21,975 crore will come from borrowing through National Bank for Agriculture and Rural Development (NABARD) to be amortised through budgetary allocations after 2022. The Union Cabinet had in June last year approved the launch of the 'Housing for All by 2022' programme for the rehabilitation of slum-dwellers and promotion of affordable housing for the urban poor, targeting to provide nearly 20 million houses over seven years.In the Pradhan Mantri Awaas Yojana-Gramin, the gram sabhas will have a role in the final say on beneficiaries as the list identified through the SECC will be presented to them to find out beneficiaries who have been assisted before or have become ineligible due to other reasons. The scheme envisages to meet the additional requirement of building materials through manufacturing of bricks using cement stabilised earth or fly ash under MGNREGA. The beneficiary would also have an option to avail loan of up to Rs 70,000 for the construction of the house. Support will be provided at district and block levels for technical facilitation and addressing quality issues in house construction. 

Daily Current Affairs Videos Video Link
22nd April 2019 Current Affairs Video
20th April 2019 Current Affairs Video
19th April 2019 Current Affairs Video
17th April 2019 Current Affairs Video
16th April 2019 Current Affairs Video
Watch more Current Affairs Videos

Monthly Current Affairs

Fresherslive telegram Group

Current Affairs Section

Daily Current Affairs Quiz


Subscribe to Current Affairs

Enter your email to get daily current affairs
SUBSCRIBE

Currentt Affairs 2019 April

23 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS
20 APRIL
NEWS

Currentt Affairs 2019 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Currentt Affairs 2019 February

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS




×

₹ 249

₹ 1000

Only 12 days left !